The Long Nose Of Innovative Tech
The long nose of tech shows that it is under the radar, out of the mainstream for years, even decades, until the technology is refined and then mass-adopted.
The X-axis is time; the Y-axis is adoption. During the long period when the technology is being refined, it’s not very widespread. Then suddenly it bursts into mass adoption.
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- Productivity Growth: Equivalent to technology getting better, faster and us constantly learning from our mistakes. We will always be able to do more with less time and resources than we were able to in the past.
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