Speed Is of the Essence
Speed is the most salient feature of the networked economy. Moore's Law—which states that the data-holding capacity of microchips doubles every eighteen months—continues to drive the pace of innovation in computer hardware technology thirty-five years after it was first noticed by semiconductor pioneer and Intel co-founder Gordon Moore. Perhaps even more significant for the networked economy is Metcalfe's Law—posited by 3Com founder Bob Metcalfe—which states that the value of a network is a function of the number of nodes connected to the network and that the value grows exponentially with each new node connected.
Customers are adopting products faster and dropping them just as quickly when those products are replaceable ...
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