This informative article explains why a few technologies experience more swift improvements than others and enlighten the motorists of exponential developments in price and performance.
It reveals how exponential improvements in price and performance are largely driven by two mechanisms: creating stuff to better exploit their physical phenomena; and geometric scaling. Advancements in a few technologies are directly experienced through these two mechanisms, while improvements in higher-level "systems" are indirectly experienced through advancements in particular "parts." Realizing these motorists can assist us better comprehend when new technologies might become economically viable and thus create proper policies for promoting progress.
PUBLICATION DATE: May 01, 2013 PRODUCT #: CMR532-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING