Demi Moore’s law: slow pace of fast change
In an interview with Ubiquity, Bhaskar Chakravorti says that, the process by which technology has an impact is actually quite slow even if the intrinsic benefit of the innovation is enormous because all the different parties involved must coordinate their choices. “The point is that while Moore’s law tells us how quickly computing power doubles, but because of the slow pace of fast change the pace with which such improvement in technology translates into real impact in the market happens – as a rule of thumb – only half as fast. Thus: Demi Moore’s law.” On a related note, Rajesh Jain has an excerpt from an article which says that IT’s impact on productivity is likely to continue for the foreseeable future. And, Jackob Neilsen in alert box answers the question, “Do Productivity Increases Generate Economic Gains?”
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