Around minute 34, he mentions the popular "S" Curve of technology life cycle (http://en.wikipedia.org/wiki/ Technology_life_cycle#The_ four_phases_of_the_technology_ life-cycle).
What I thought was an interesting angle was how that affects estimates. By default, we extrapolate trends linearly. And that has an effect on our predictions when the rate of change is changing. We underestimate new technology and over estimate mature technology. Something to be mindful of!
No comments:
Post a Comment