As I described in my Thoughts on 2019 post, acceleration is the second major theme for me in 2019. The pace of innovation and change is often cited as a key difference between the next revolution and prior ones. We even came up with a catchy phrase to describe it: exponential progression. How did we come upon the notion that we live in world that is now moving at an exponential versus linear pace? Some explain it with a story; we have entered the second half of the chess board. Ray Kurzweil an American author, inventor, futurist, and director of engineering at Google describes the second half of the chessboard as follows: once you reach the second half of the chessboard, changes are exponential. Each new square doubling that of the previous. Moore’s Law is said to have entered the second half of the chess board in 2013. A good description of this phenomenon can be found here.
This doubling accelerates the path to innovation. With an endless supply of building blocks fueling rapid value-creating combinations, this effect is amplified. While the window to realize value from innovation has shortened, there is a Rising Speed of Technological Adoption. Jeff Desjardins, Editor-in-Chief of Visual Capitalist, had this to say:
In the modern world, through increased connectivity, instant communication, and established infrastructure systems, new ideas and products can spread at speeds never seen before – and this enables a new product to get in the hands of consumers in the blink of an eye. Why do newer technologies get adopted so quickly? It seems partly because modern tech needs less infrastructure in contrast with the water pipes, cable lines, electricity grids, and telephone wires that had to be installed throughout the 20th century. However, it also says something else about today’s consumers – which is that they are connected, fast-acting, and not afraid to adopt the new technologies that can quickly impact their lives for the better.
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