Technology Updates the Cost of Technological Advances
The development of technological advances has been significant in the last 50 years but more so in the last 30. According to Moore an early pioneer in silicone technology, the capacity for engineering technology innovation is clearly rapid. Moore set a benchmark for silicone technology claiming that capacity would double the number of transistors on a chip, which determines the capacity for memory every 24months. This law served as a standard for Intel and other chip manufacture companies, creating a demonstrative goal that was followed almost to the letter from its inception to now (Intel, 2011). This rapid advancement of technology has made many functions and aspects of technology capabilities possible as computers and servers can process more and more tasks and information more rapidly than ever. The result of these advances has been both an extreme learning curve cost as well as an extreme financial outlay for many organizations, both as a response to legal and legislative mandates and the need for competitive advantage development. Though the development of so much capacity and possibilities has made it possible to do and make many things faster and more efficiently than ever before people rarely if ever look specifically at the cost of such technology with regard to human attrition, due to inability to learn and update rapidly enough (Russell, 2011), the loss of organizations based on size and productivity and inability to shoulder costs of upgrading technology and of course likely the most looked at but still neglected financial burden of upgrading technology on a near constant basis. This work will look specifically at these three areas of the cost of technological advance, financial, individual attrition and small organization loss.