Sunday, November 20, 2011

What might this mean for the Economy?

The implications are tremendous. Productivity is the most important metric in economics. Ratio of output over input. Even small improvements dramatically change our lives.

In the seventies and eighties, productivity grew one and a half percent annually in the U.S. Not very robust. In 1980 it was all gloom and doom.

Because nobody saw the PC explosion of the nineties coming. Because we were on the flat part of the exponential improvement curve for computers and IT. So people could not conceive that within 10 years we would be on the steep part of that curve and the technology would explode.

In the early 90’s, fourth gen computers and IT software hit the market and finally the technology was easy to use. Remember Windows 95? Game changer.

And productivity exploded to 4%+

I mean, think about it – how did we even function as a society before spreadsheets and the ability to email attachments?

Today the economy has stalled and productivity is flat. It’s all gloom and doom. But people cannot imagine that right around the corner lies inSyte.

I’m not talking about turning a crank faster on a machine. I’m talking about fundamentally altering the way we all think and work. InSyte can do for the twenties what the computer and IT did for the nineties. Drive productivity gains off the scale.

Because of the improvement of access to information and the ability to communicate.

Thursday, November 10, 2011

If you’re better at searches you’ll know more than your Doctor. You literally do a better, faster diagnosis.

To some degree that could be true. But it’s not enough to know something. Experience plays a huge role. It’s not like I can read how to conduct open heart surgery and then go perform an operation. But maybe I could if it were an absolute emergency. Assuming I don’t faint at the sight of blood.

This wouldn’t be like The Matrix – where I download how to fly a helicopter then jump in and take off. But it might help if I were taking flying lessons from a professional.

Relieve me from the burden of memorization – but I still have to develop the muscle memory.

A lot of factors differentiate people way beyond mere information. Sure, you’ve got to have the info to begin with. But how you deal with situations, interact with people, control emotion… those are real attributes that aren’t going away.