innovation paradox
The Innovation Paradox
It is hardly "breaking news" that technology is radically changing almost every aspect of our lives and the world around us - but we talk far less about the challenges that come along with this rapid evolution. And we certainly don't know the answer to the important question: what is the ultimate outcome of this Digital Revolution? To understand this issue, we should recognize exactly how fast things are really changing. A good metric for this purpose is the floating-point operation: a single mathematical calculation (like addition or multiplication) on two numbers that have decimal points. In 1954, IBM introduced the first mass-produced computer with dedicated floating-point arithmetic hardware. The IBM 704 was regarded as the only computer that could handle complex math at that time: it could execute up to 12,000 floating-point operations per second, or FLOPS.
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