Why the 2020s will be the exponential decade

Three new books take stock of the rapid technological change so far in the 21st century and ask whether we can adapt to the even faster change to come.

Why it matters: The 2020s could be the roaring or the raging decade, depending on whether political and social institutions can keep pace with the explosive transformation wrought by the tech sector.

The big picture: In his new book “The Exponential Age,” venture capitalist and newsletter writer Azeem Azhar identifies what might be the fundamental conflict of the early 21st century: how businesses and technologies growing at an exponential rate are colliding with social and political institutions that are much slower to change.

  • The source code of the exponential age is Moore’s Law, the now-decades-old observation that the underlying cost of computation will roughly halve every couple of years.
  • Ever faster, ever-cheaper computing power is what enabled us to go from the iPod to the iPhone in just six years, and which turbocharged the growth of now trillion-dollar companies like Facebook and Amazon that knew how to take advantage of Moore’s Law.
  • The exponential age is one where winners truly are in a position to take all, because companies that fail to adapt early to technological change risk ending up in the same graveyard as Blockbuster and Kodak.

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Πηγή: axios.com

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