Pace of Technology Innovation
The speed of technology adoption and implementation continues to be both an opportunity and barrier when considering the future of damage prevention. Many applicable technologies exist, and are used in other industries, but have not been funded fully and/or adopted widely in the damage prevention industry due to a variety of factors.
The damage prevention industry is not alone in confronting this challenge and can look to other industries for perspective, reflection and inspiration in considering the future of damage prevention technology. One well-documented theory known as “Moore’s Law” states that while we can expect the speed and capability of our computers to increase exponentially every couple of years, the cost will continue to decrease over time. Although some variations exist in the how this theory applies, it has largely played out as Moore described.
One way to illustrate this concept is to look at the cost of computer hardware per floating points of operation per second (FLOPS) which is a measure of computer performance. Figure 3 below shows the hardware cost per GFLOPS (adding “G” for “giga”) over time in constant 2021 dollars.