Gordon Moore was co-founder of Intel…
Although, he’s better known for a prediction made in a 1965 article for ‘Electronics’ magazine, about integrated circuits and how the cost of them will drive innovation, he said:
“The Complexity for minimum component cost has increased at a rate of roughly a factor of 2 per year, over the short term this rate can be expected to continue.”
“Over the long term, the rate of increase is a bit more uncertain, although there is no reason to believe it will not remain nearly constant for at least 10 years.”
This is what became known as ‘Moore’s Law’.
Moore observed over the relatively brief history of his industry this amount doubled each year.
In 1963 you could buy twice as much power per pound as you could in 1962, twice as much again in 1964 and twice as much again in 1965.
His bold statement forecast circuits would be more than 500 times as powerful in 1975 as in 1965.
In 1975 Moore revised his estimate upward 1 year to 2, and his law has held up well for 50 years.
Today it’s common to use 18 months as the doubling period for general computing power. Even so, there’s no dispute Moore’s law has proved remarkably precise for half century.
It reminds us of our fixed priced guarantee.
Sign up to any of our office technology solutions, and we’ll guarantee the price will remain the same for the period you stay on the agreement.
…much like Moore’s law, in 50 years you’ll pay the same amount for much improved technology.