From connectivity to globalization and sustainability, the “Law”
created by Gordon Moore’s prediction for the pace of semiconductor
technology advances has set the stage for global technology
innovation and contribution for 50 years. The exponential advances
predicted by Moore’s Law have transformed the world we live in. The
ongoing innovation, invention and investment in technology and the
effects that arise from it are likely to enable continued advances
along this same path in the future, according to a new report from
IHS Inc. (NYSE: IHS), the leading global source of critical
information and insight. Titled “Celebrating the 50th Anniversary
of Moore’s Law,” the report describes how the activity predicted by
Moore’s Law not only drives technological change, but has also
created huge economic value and driven social advancement.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150617006154/en/
In April of 1965, Fairchild Semiconductor’s Research and
Development Director, Gordon Moore, who later founded Intel, penned
an article that led with the observation that transistors would
decrease in cost and increase in performance at an exponential
rate. More specifically, Moore posited that the quantity of
transistors that can be incorporated into a single chip would
approximately double every 18 to 24 months. This seminal
observation was later dubbed “Moore’s Law.”
“Fifty years ago today, Moore defined the trajectory of the
semiconductor industry, with profound consequences that continue to
touch every aspect of our day-to-day lives,” said Dale Ford, vice
president and chief analyst for IHS Technology. “In fact, Moore’s
Law forecast a period of explosive growth in innovation that has
transformed life as we know it.”
The IHS Technology report, which is available as a free
download, finds that an estimated $3 trillion of additional value
has been added to the global gross domestic product (GDP), plus
another $9 trillion of indirect value in the last 20 years, due to
the pace of innovation predicted by Moore’s Law. The total value is
more than the combined GDP of France, Germany, Italy and the United
Kingdom.
If the cadence of Moore’s Law had slowed to every three years,
rather than two years, technology would have only advanced to 1998
levels: smart phones would be nine years away, the commercial
Internet in its infancy (five years old) and social media would not
yet have skyrocketed.
“Moore’s Law has proven to be the most effective predictive tool
of the last half-century of technological innovation, economic
advancement, and by association, social and cultural change,” Ford
said. “It has implications for connectivity and the way we
interact, as evidenced by the way social relationships now span the
globe. It also provides insight into globalization and economic
growth, as technology continues to transform entire industries and
economies. Finally it reveals the importance of how sustainability
affects life on Earth, as we continue to transform our physical
world in both positive and negative ways.”
The Moore’s Law Era: Explosive Economic and Societal
Change
The consequences of Moore’s Law has fueled multifactor
productivity growth. The activity forecast by the law has
contributed a full percentage point to real GDP growth, including
both direct and indirect impact, every year between 1995 and 2011,
representing 37 percent of global economic impact.
“Not even Gordon Moore himself predicted the blistering pace of
change for the modern world,” Ford said. “While it is true most
people have never seen a microprocessor, every day we benefit from
experiences that are all made possible by the exponential growth in
technologies that underpin modern life.”
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:
- Forty percent of the world’s households
now have high-speed connections, compared to less than 0.1 percent
in 1991
- Up to 150 billion incremental barrels
of oil could potentially be extracted from discovered global oil
fields
- 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.
For more information about the 50th anniversary of Moore’s Law,
click here.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and
expertise in critical areas that shape today’s business landscape.
Businesses and governments in more than 150 countries around
the globe rely on the comprehensive content, expert independent
analysis and flexible delivery methods of IHS to make high-impact
decisions and develop strategies with speed and confidence. IHS has
been in business since 1959 and became a publicly traded company on
the New York Stock Exchange in 2005. Headquartered in Englewood,
Colorado, USA, IHS is committed to sustainable, profitable growth
and employs about 8,800 people in 32 countries around the
world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. © 2015
IHS Inc. All rights reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150617006154/en/
IHS Inc.Lee Graham, +1
212-333-4983lee@leegrahampr.comorPress Team, +1
303-305-8021press@ihs.com
IHS (NYSE:IHS)
Historical Stock Chart
From Aug 2024 to Sep 2024
IHS (NYSE:IHS)
Historical Stock Chart
From Sep 2023 to Sep 2024