Trump Should Focus on 'Innovation Instrastructure' to Spur Growth, Says ITIF Report

More investment in "hybrid infrastructure" -- tying physical structures with technology such as water mains embedded with internet-connected sensors to detect leaks or smart traffic lights to create more efficient transportation -- is "likely to have bigger productivity payoffs than simply pouring more concrete or laying pipe," the Information Technology and Innovation Foundation said in a Tuesday report. Written by Peter Singer, a policy adviser at the Massachusetts Institute of Technology Washington office, the ITIF report said studies showed "investments in IT-enabled infrastructure can have 60 percent greater productivity impacts than investments in roads alone." The report said a smart infrastructure is one part of an "innovation infrastructure" that President-elect Donald Trump, who emphasized investing in physical infrastructure during his campaign, should adopt. That means expanding public and private R&D investments, advanced technology like exascale computing, scientific infrastructure and advanced manufacturing, it said.