Welcome to the exponential age! But first, perhaps, what is the exponential age?
“When I say a technology is an exponential technology, I mean that it improves, on a price-performance basis, by at least 10% every year,” said Azeem Azhar, founder of the tech analysis platform Exponential View and author of The Exponential Age. For example, the amount of computing power that you can buy for a dollar, roughly speaking, increases by 50 to 60%, on average, every single year. And it’s been doing that for decades.
Developments like AI are changing the way we live and work and produce so quickly that a lot of people and businesses don’t quite know how to process it.