“Today, for only a few hundred dollars, we can hold in the palm of our hands smart devices with computing power that 10 years ago would have cost more than $1 million. With gigabytes of storage capacity, anyone with a smart phone, a laptop, or a tablet computer can generate and analyze huge streams of data for just a few hundred dollars – data that would have cost billions of dollars in the 1970s. Smart devices today are a million times cheaper and a thousand times faster than anything available 30 years ago.”
Ray Kurzweil, famed technologist and author of The Singularity Is Near – a controversial book predicting that machines will best human intelligence by 2025 – spoke these words in an October 2011 speech at the World Technology Network conference in New York City.
To read the original article: Innovation Excellence | Innovation 101 – The New Role of Context
