Keywords
ict revolution, technological change, sustainable economic development)
Start Date
1-7-2008 12:00 AM
Abstract
We assess the contention that the force of the ICT revolution was spent when the dotcom bubble burst. We identify the fundamental principle of flexible machine logic, the use of which distinguishes the group of modern ICTs ⎯ the electronic computer, the Internet and some related technologies ⎯ that make up the GPT of programmable computing networks (PCNs) and that have driven the ICT revolution. We seek to place PCN on two logistic trajectories that describe its evolving efficiency and applications. We argue that PCN still has significant scope for increasing its efficiency, that it is still creating an undiminished (potentially accelerating) flow of new applications, and conclude that the force of the ICT revolution will continue for some decades.
Has the ICT Revolution Run its Course?
We assess the contention that the force of the ICT revolution was spent when the dotcom bubble burst. We identify the fundamental principle of flexible machine logic, the use of which distinguishes the group of modern ICTs ⎯ the electronic computer, the Internet and some related technologies ⎯ that make up the GPT of programmable computing networks (PCNs) and that have driven the ICT revolution. We seek to place PCN on two logistic trajectories that describe its evolving efficiency and applications. We argue that PCN still has significant scope for increasing its efficiency, that it is still creating an undiminished (potentially accelerating) flow of new applications, and conclude that the force of the ICT revolution will continue for some decades.
