Economics of progress

Although we appreciate the improvements that technology brings to our lives and society, we often don’t think about technologies extraordinary economic power.  That is the ability to do things faster, cheaper and better as markets first accept and then drive the improvement of products and services consumers find valuable.  And I believe that in the near future, we’ll see markets puch developments and technologies that are faster, cheaper, better and more sustainable.
 
Consider the cell phone – 39 years after Motorola engineer Martin Cooper made a call on a prototype Dyna-Tac.  Today the phone – instant, cheaper, more capable –  is now the I/O device for ubiquitous computing.  The infographic below provides the economic (as well as technical) roadmap from adoption through proliferation to mass market appeal.    Imagine what another 40 years might bring!
 

From: savings.com blog

 
 
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About johndmo

Serial Entrepreneur, Cleantech Mentor, Executive Coach, Executive Confidant and start-up consultant View all posts by johndmo

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