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The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.

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Apr 29, 2026

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Quote Author: Vilfredo Federico Damaso Pareto

Vilfredo Federico Damaso Pareto

Vilfredo Federico Damaso Pareto

Vilfredo Federico Damaso Pareto [vil'fre:do pa're:to] (July 15, 1848, Paris - August 19, 1923, Geneva) was a French-Italian sociologist, economist and philosopher. He made several important contributions especially in the study of income distribution and in the analysis of individuals' choices. He introduced the concept of Pareto efficiency and helped develop the field of microeconomics.

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