Some supporting material for the new innovation wave
Business 2.0 has some interesting stats that support the new dynamics of innovation which I wrote about last week. You can find it in their hottest new trends article – specifically in the 5th trend: Everything Old Is New Again (may require subscription).
Think about this – web server hardware that cost $25K in 1995 can now be bought for $1K. One terabyte of storage that used to cost $1M can now be had for $30K. They do not mention labor cost – but I know that many people involved with this wave are working well below market rates.
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