Whether we identify the current times as the 4th Industrial Revolution also known as Industry 4.0, or simply an inflection point in the digital revolution, this decade brings a whole new array of technologies. These technologies influence more than high tech manufacturing. They reach across your business by impacting margins where there is a dependence on data and analytics for forecasting.
What is exponential technology?
It’s all in the name. By definition, exponential technologies double in power or processing speed each year, while the costs stagnate or decrease. It’s the kind of technology innovation that excels at a rapid pace and drives change at the same rapid pace. As an example, your phone has more computing power than a computer had decades ago, but costs less. As a high tech company, you strive to stay ahead of the curve of technology as innovative disruptors in this ever-changing world of tech. Learning how to think exponentially and make sense of how technology fits into your business will help keep your company on par at worst and ahead of the curve at best.