Understanding this model points to a number of implications for positioning yourself to leverage the benefits.
Daily improvements compound
- very slowly at first but eventually growing faster than you could have ever imagined. Make sure you are learning something new every day.
You need systems to lock in this knowledge
- What base and systems are you insisting on to lock in and build on. The only way to leverage compounding growth is if you are building on the shoulders of the lessons from yesterday. Not just your own but all learnings across the globe. The person and business who can most effectively learn from as many sources as possible will come to the top of the pile.
How are you positioning yourself to take advantage of these exponential trends?
- You don’t want to be building something for the technology of today, but rather where the technology is going. Singularity U post points out A better forecast would be to look at the last five and then reduce the time it will take to make a similar amount of progress in the next five. It’s more likely that what you think will happen in the next five years will actually happen in the next three.
The rule of thumb here is: expect to be surprised, then plan accordingly. (Singularity U
…as long as processing power continues to follow an exponential price-performance curve, each future generation will likely look back on the past as an era of relatively little progress. In turn, the converse will also remain true: each current generation will look 10 years into its future and fail to appreciate just how much advancement in artificial intelligence is yet to come.
The challenge, then, for anyone planning for a future driven by computing’s exponential growth is fighting their brain’s flawed interpretations… Because the past will always look flat, and the future will always look vertical.