Following are four important laws that demonstrate the impact of technology through innovation and creativity:
1) Kao's Law - Creativity - Creativity rises exponentially with diversity; hence, the more diverse a population, the more creative it becomes.
2) Moore's Law - Processing Power - The power of computing will continue to double approximately every 18 months, while the price of computing power will halve over the same period.
3) Metcalfe's Law - Networks - The value of a network is the square of its nodes; applies to social networks as well - hence the disproportionate growth in the power of social networks such as Linkedin and Facebook once a certain critical mass is reached. Also consider the immense power each additional member adds after a certain point...
4) Gilder's Law - Bandwidth - Available telecom bandwidth will triple every 12 months. If we can freely stream video to every household now - what will we be able to do in a decade???
Familiar with any other groundbreaking rules worth mentioning?
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Errors in scale - A restaurant that's too small for its following creates pent-up demand and can thrive as it lays plans to expand. A restaurant that's too big merely fails....