Total Factor of Productivity

Glossary Page

The total factor of productivity refers to the ratio between the total output of a production unit and the total quantity of input factors used. It indicates how efficiently all production factors are used together to achieve the total output. A high total factor productivity indicates that a production unit can generate a larger quantity of output with the given resources. It is a measure of the efficiency and performance of the production processes of a unit.

http://wirtschaftslexikon.gabler.de/Definition/faktorproduktivitaet.html

Latest Webinars

April 26, 2024

Vogel IT Akademie

Digital Leader Summit: Unlocking the potential of data exchange with Knorr-Bremse

Join the Digital Leader Summit 2024 to explore the transformative journey of business in the Age of Intelligence. Engage in an insightful workshop with Knorr-Bremse, unlocking the potential of data exchange to innovate business models and drive growth.

More details

April 22 – 26, 2024

Deutsche Messe

Hannover Messe: Navigating dataspaces across industries

Explore the forefront of industrial innovation at Hannover Messe 2024, where over 4,000 companies converge to showcase solutions for enhanced efficiency and sustainability across industries. From CO2-neutral production to AI & machine learning, discover groundbreaking advancements in dataspaces and connect with industry leaders to shape the future together.

More details

April 17 – 18, 2024

operational services GmbH & Co. KG

T-Systems at Partner Forum Volkswagen Development 2024

Discover the collaboration between T-Systems and Bosch at Partner Forum Volkswagen Development 2024. Explore the Digital Twin Registry powered by Bosch, integrated into T-Systems products, simplifying data utilization across the product lifecycle.

More details

Latest Articles

HM2024: Dataspace first movers’ success

Discover the success stories and cutting-edge advancements showcased at Hannover Messe 2024, where leaders in dataspaces, digital twins, and smart mobility converge to shape the future of Industry 4.0 and global supply chains.

Chris S. Langdon

Apr 29, 2024

Tractus-X Sandbox

Discover an innovative application development environment powered by Eclipse Tractus-X, offering unparalleled focus and speed from concept to implementation success. With Tractus-X Sandbox, Catena-X Sandbox, and LivingLab Tractus-X, choose the option that fits your needs and start building your data-driven applications effortlessly. Benefit from trusted transactions, ease of use, and T-Systems' expertise in providing reliable data infrastructure solutions.

Chris S. Langdon

Apr 15, 2024

Enabling trust in dataspaces: Exploring T-Systems and OpenCorporates collaboration

Explore how the collaboration between OpenCorporates and T-Systems is revolutionizing dataspace onboarding by providing robust verification solutions. Leveraging company information from OpenCorporates and verification expertise from T-Systems, participants can seamlessly join dataspace ecosystems with confidence, ensuring authenticity, security, and trust.

Lena Matsela, Andrea Garcia

Apr 05, 2024