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Economic and social impact of Moore's Law unveiled

19 Jun 2015

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According to the "Moore's Law Impact Report," the repercussions of Moore's Law have contributed to an improved quality of life, because of the advances made possible in healthcare, sustainability and other industries. The results of advanced digital technology include the following: 40 per cent of the world's households now have high-speed connections, compared to less than 0.1 per cent in 1991; up to 150 billion incremental barrels of oil could potentially be extracted from discovered global oil fields; and researchers can perform 1.5 million high-speed screening tests per week (up from 180 in 1997), allowing for the development of new material, such as bio-fuels and feedstock's for plant-based chemicals.

Moore's Law: Reflecting the Pace of Change

Moore's Law is not a law but an unspoken agreement between the electronics industry and the world economy that inspires engineers, inventors and entrepreneurs to think about what may be possible.

"Whatever has been done, can be outdone," said Gordon Moore. "The industry has been phenomenally creative in continuing to increase the complexity of chips. It's hard to believe, at least it's hard for me to believe, that now we talk in terms of billions of transistors on a chip rather than tens, hundreds or thousands."

Moore's observation has transformed computing from a rare, expensive capability into an affordable, pervasive and powerful force, the foundation for Internet, social media, modern data analytics and more. "Moore's Law has helped inspire invention, giving the world more powerful computers and devices that enable us to connect to each other, to be creative, to be productive, to learn and stay informed, to manage health and finances, and to be entertained," Ford said.

Millennials: The Stewards of Moore's Law

From the changing shape and feel of how humans communicate to the delivery of healthcare, changing modes of transportation, cities of the future, harvesting energy resources, classroom learning and more, technology innovations that spring from Moore's Law likely will remain a foundational force for growth into the next decade.

From data sharing, self-driving cars and drones to smart cities, smart homes and smart agriculture, Moore's Law will enable people to continuously shrink technology and make it more power efficient, allowing creators, engineers and makers to rethink where, and in what situations, computing is possible and desirable.

Computing may disappear into the objects and spaces that we interact with, even the fabric of our clothes or ingestible tracking devices in our bodies. New devices may be created with powerful, inexpensive technology and combining this with the ability to pool and share more information, new experiences become possible.

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