MIS 290 Chapter 5 Moore's Law

Moore's Law-the phenomenon of "faster, cheaper" computing.
When technology gets cheap price elasticity kicks in.
Fast/cheap computig also feeds a special kind of price elasticity where a whole new markets are created. This fact provides an opportunity to those who recognize and can capitalize on the capabilities of new technology. As technology advances, new industries, business models and products are created, while established firms and ways of doing business can be destroyed.
Managers must regularyly study trends and trajectory in technology to recognie opportunity and avoid disruption.
Moore's Law (and related advances in fast/ceap technologies in things like storage and telecommunication has driven six waves of disruptive, market-transforming computing. The sixth wave involves embedding intelligence and communications in all sorts of mudane devices. Some point to a future "Internet of Things"where object will collect and share data and automatically coordinate collective action for radical efficiency improvements.
This is kind of scary to me. I think we can take technology just a little to far!
Moore says that we're getting better over time at squeezing more stuff into tinier spaces. While it might makes sense it can cause problems of size verses heat and power that together threatening to slow down Moore's Law Advance and melt inside thier packaging. Computers draw 4 to 5 percent of the world's power.
Today's researchers are coming up with all sorts of facinating technology that will surely change the world. The one that could blow the lid the lid off whats possible is Quantum Computing.  They employ qubits that can be both one and zero at the same time. Add a bit to a conventional computers memory and you double it capacity. Add a bit to a quantum computer and its capacity increases exponentially. Quantum computing one day may allow pharmaceutical companies to create hyperdetailed representations of the human body, that reveal drug side effects before they are tested on humans. Accurately predict the weather months in advance and offer unbreakable computer security. All of this seems wonderful and scarey at the same time.