Economist William Nordhaus has estimated that computing costs have fallen dramatically since the 1940s, improving by an order of magnitude every four years in the 1980s and 1990s, for example. You can safely argue that this vast reduction in cost underpins the shift to affordable digital transformation of all types, not to mention the broader shift from physical to digital processes.
Monday, May 31, 2021
No Digital Transformation Without Computing Cost Reductions
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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