{"id":1271,"date":"2016-11-07T20:32:17","date_gmt":"2016-11-07T20:32:17","guid":{"rendered":"https:\/\/www.mstech.com\/?p=1271"},"modified":"2020-02-26T18:53:15","modified_gmt":"2020-02-26T18:53:15","slug":"technologys-exponential-growth-rate-2016-edition","status":"publish","type":"post","link":"https:\/\/www.mstech.com\/technologys-exponential-growth-rate-2016-edition\/","title":{"rendered":"Technology’s Exponential Growth Rate, 2016 Edition"},"content":{"rendered":"

I first wrote this blog in early 2013. It\u00a0received positive coverage and was viewed thousands of times.\u00a0In the\u00a0nearly 3 years since, we\u00a0have seen the increasing importance of cybersecurity, cloud has become more accessible to small businesses, and Virtual (and augmented) Reality is finally here. \u00a0The exponential\u00a0explosion of technology continues today, as it did in 1965, when Gordon Moore penned his famous law.<\/em><\/p>\n

Full text of the original post is below.<\/em><\/p>\n

Technology is innovating and expanding at an exponential rate.<\/h2>\n

It\u2019s difficult to grasp how dramatic is the growth of 2 x 2 x 2 x 2\u2026<\/p>\n

There is an ancient Persian tale of the inventor of the game of chess.\u00a0 When the ruler of the land was presented with the chessboard he was so pleased, he offered a gift.\u00a0 Upon reflection, the inventor asked for rice. He put a single grain of rice on the first square, and his request was simple:\u00a0 he asked that the rice double for each square.\u00a0 The emperor readily agreed, believing he had gotten off easy.<\/p>\n

The net result?\u00a0 For the final square alone, the king owed 2 to the 64th power, or 18,446,744,073,709,551,616 grains of rice.\u00a0 The entire country\u2019s wealth was forfeit to keep the promise.<\/p>\n

Those familiar with technology often refer to \u201cMoore\u2019s Law\u201d \u2013 so named for the Intel co-founder Gordon Moore who postulated it in 1965.\u00a0 He predicted that transistors on processors (used for processing power) would double every two years.\u00a0 Many predicted this would be a short-term law and could not continue for long.\u00a0 Yet nearly 50 years later, it is continuing.<\/p>\n

Exponential growth.<\/h2>\n

The smartphone in your pocket provides a better communication tool than the President of the United States had access to just 25 years ago, and provides access to more data than he had access to just 10 years ago.<\/p>\n

Technology impacts the shape of our lives \u2013 it influences the people we stay in contact with, the people we date (and marry), the type of information we consume, the way we consume it, and what we do with it.<\/p>\n

What do the next 50 years hold?\u00a0 One can only imagine what exponential technology growth will do to the field of personalized medicine, to the clean water shortages of Africa, and to businesses in America.\u00a0 Technology\u2019s exponential growth rate means we are now accomplishing in one year what took centuries in ancient history.\u00a0 The degree of innovation that is occurring \u2013 even at this moment as you read this article \u2013 is truly staggering.<\/p>\n

We are truly in the midst of an explosion of technology.<\/h2>\n

For those of us tasked with running an organization, it can be daunting, even overwhelming, to consider all the technology available today \u2013 to say nothing of what\u2019s coming tomorrow.\u00a0 It\u2019s easy to be too conservative. It\u2019s also easy to focus on new innovations and neglect the important fundamentals.<\/p>\n

The question to ask is: Are you taking active steps to harness the staggering power of technology?\u00a0 Are you budgeting for innovation?\u00a0 Are you asking questions and exploring ways to disrupt \u201cbusiness as usual\u201d through new technology?\u00a0 Are you paying attention to the foundation and solidifying your current technology, to be able to grow?\u00a0 Are you having the conversation, pursuing the knowledge, and doing what you can to position your organization to ride the growth of technology?<\/p>\n

Exponential growth.\u00a0 It\u2019s scary, and it\u2019s exhilarating.<\/h2>\n

If you\u2019re interested in more reading on the topic of growth and the change-agent of technology, I recommend the book Abundance: The Future Is Better Than You Think<\/a>. It\u2019s a positive, alternative look to the future, taking into account technology\u2019s growth.\u00a0 For something more in-depth, consider Ray Kurzweil\u2019s The Singularity Is Near: When Humans Transcend Biology<\/a>. It reads like science fiction and is easy to dismiss \u2013 until you realize how startlingly accurate Kurzweil\u2019s predictions have been over the last 20 years<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

For those of us tasked with running an organization, it can be daunting, even overwhelming, to consider all the technology available today \u2013 to say nothing of what\u2019s coming tomorrow.\u00a0 It\u2019s easy to be too conservative. It\u2019s also easy to focus on new innovations and neglect the important fundamentals.<\/p>\n","protected":false},"author":6,"featured_media":1520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"\nMainstay Technologies | 2016 Technology's Exponential Growth<\/title>\n<meta name=\"description\" content=\"Those familiar with technology refer to \u201cMoore\u2019s Law\u201d named for the Intel co-founder Gordon Moore. 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