Sunday, February 2, 2014

Interesting Statistics from Shift Index: from Exponential Technology to Exponential Innovation

Digitalization is a Big Shift intellectually, technologically, and economically!

 Digitalization means big shift; from industrial age to digital era; from static thinking to growth mind, from exponential technology to exponential innovation. The continuing exponential cost-performance improvement of core digital technologies is unprecedented in history. The interactions among these digital pillars amplify their disruptive potential.  Here are some interesting statistics from Deloitte’s 2013 shift index.

  • .The cost of computing power has decreased significantly, from $222 per million transistors in 1992 to $0.06 per million transistors in 2012. The decreasing cost performance curve enables the computational power at the core of the digital infrastructure
  • Similarly, the cost of data storage has decreased considerably, from $569 per gigabyte of storage in 1992 to $0.03 per gigabyte in 2012. The decreasing cost-performance of digital storage enables the creation of more and richer digital information.
  • The cost of Internet bandwidth has also steadily decreased, from $1,245 per 1000 megabits per second (Mbps) in 1999 to $23 per 1000 Mbps in 2012. The declining cost performance of bandwidth enables faster collection and transfer of data, facilitating richer connections and interactions.

  • Additionally, the use of the Internet continues to increase. From 1990 to 2012, the percent of the US population accessing the Internet at least once a month grew from near 0 percent to 71 percent
  • More and more people are connected via mobile devices. From 1985 to 2012, the number of active wireless subscriptions relative to the US population grew from 0 to 100 percent (reflecting the fact that the same household can have multiple wireless subscriptions). Wireless connectivity is further facilitated by smartphones. Smart devices made up 55 percent of total wireless subscriptions in 2012, compared to only 1 percent in 2001.

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