Week 9: Clear

This chart shows that Moore's Law can be applied to more than just computers. In this chart, Moore's Law is used to see cost per Genome. This photo is provided by dullhunk. Here is link: http://www.flickr.com/photos/dullhunk/5473470392/

      This week the concept that was made clear to me was Moore's Law. Moore's Law stipulates that chip performance per dollar doubles every eighteen months. Meaning under Moore's Law next generation chips should be twice as fast, but cost the same as eighteen month ago. This is based on price elasticity which claims that the rate at which a product or service fluctuates when the price changes. A drop in price will result in a higher demand for a product.
      Understanding Moore's Law is important in the business environment, because it forces manager to be prepared for that next step of technology and to grab the new technology when it comes out. Also, by understanding the five waves of computing and knowing that each wave of computing goes through a ten year cycle, you can better anticipate when the next wave of technology innovation will take place. Allowing you as a manager, the opportunity to avoid staying behind the time and to move forward with your company before your competition get a handle on the ever changing wave of computing. 
      I found an article that breaks down Moore's Law in great detail. The article is pretty long, but it is divided into sections so it is easier to read about what you are interested in regarding Moore's Law. The three sections are the origins of Moore's Law, the effects of Moore's Law, and the future of Moore's Law. The most interesting section for me was the future of Moore's Law section which basically maintains that major constraints to technology would have to happen for Moore's Law to hold out. Here is the link to the article: http://arstechnica.com/hardware/news/2008/09/moore.ars/1