Moore’s Law states that the number of components in integrated circuits would double every two years. As a result, size would decrease while processing power increased. In this article, Daniel Burrus discusses about how digital advancement is increasing every year and will continue to do so, and its implications on the consumer and the industry.
When I talk about digitization and digital advancement, I often mention what I refer to as the Three Digital Accelerators: bandwidth, storage, and processing power. These three technological tenets drive digital disruption and are increasing exponentially every year, and thanks to rapidly advancing technology, will continue to do so.
One of the laws most central to this principle is Moore’s Law, which remains as relevant today as it was decades ago.
Everyone was worried – even Gordon Moore, himself – that Moore’s Law would no longer hold water by the end of this decade. Moore’s Law states that the number of components in integrated circuits would double every two years. As a result, size would decrease while processing power increased. Another element was added to the original law basically saying that as processing power doubled, the price would be cut in half at the same exponential rate. Both elements have held up so far and we are now in the 14-nanometer generation, and experts have been wondering if integrated circuits could get down to 7 nanometers by 2018.