Innovation Surged When You Started Working from Home
Chicago Booth researchers, along with their colleagues, have found that the pandemic has had a unique effect on the development of new technology with the rise of people working from home.
According to Stanford’s Nicholas Bloom, Chicago Booth’s Steven J. Davis, and Booth PhD candidate Yulia Zhestkova, the lockdowns have triggered a large number of new patent applications toward technologies that support working from home.
The researchers created an algorithm to analyze the more than 3.5 million patent applications filed from January 7, 2010, through September 3, 2020 with keywords such as telework, video conferencing, telecommuting, flexible workplace, distance work, virtual office, nomadic employee, and working from anywhere.
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