A Quote by Peter Drucker
For new technology to replace old, it has to have at least ten times the benefit.
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The over-all point is that new technology will not necessarily replace old technology, but it will date it. By definition. Eventually, it will replace it. But it's like people who had black-and-white TVs when color came out. They eventually decided whether or not the new technology was worth the investment.
A new bubble will replace the old one. A new technology will come along to fix the messes we made with the last one. In a way, that is the story of the settling of the Americas, the supposedly inexhaustible frontier to which Europeans escaped.
The most revolutionary aspect of technology is its mobility. Anybody can learn it. It jumps easily over barriers of race and language. ... The new technology of microchips and computer software is learned much faster than the old technology of coal and iron. It took three generations of misery for the older industrial countries to master the technology of coal and iron. The new industrial countries of East Asia, South Korea, and Singapore and Taiwan, mastered the new technology and made the jump from poverty to wealth in a single generation.
As each wave of technology is released. It must be accompanied by a demand for new skills, new language. Consumers must constantly update their ways of thinking, always questioning their understanding of the world. Going back to old ways, old technology is forbidden. There in no past, no present, only an endless future of inadequacy
The thing about new things is you feel new when you buy them, you feel as though you are somebody different because you own something different. We are our possessions, you know. There are people who get addicted to buying new stuff. Things. Piles and piles of things. But the new things become old things so quickly. We need new things to replace the old things.
Who would know but ten years ago that kids would be texting each other all the time, that that would be one of their main forms of communication. And so many times, these kids know more about the technology than their parents. And so many times, we're putting kids in very adult situations and expecting them to behave like they're 40 years old.
Feelings too must be renovated: old ones removed in many cases, or at least thoroughly modified, and new ones installed or at least heightened into a new prominence.
One, as an employer you already have a management problem when your employee has a new child or needs to care for their ailing family member. You've got to replace the person, at least temporarily; it's a tremendous pain to hire somebody new.
There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of up to 40%.
The number of possible "on-off" patterns of neuronal firing is immense, estimated as a staggering ten times ten one million times (ten to the millionth power). The brain is obviously capable of an imponderably huge variety of activity; the fact that it is often organized and functional is quite an accomplishment!
There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.
I suppose that every time there is difficulty. I remember about Space Mountain: It took us ten years before we found the technology that would allow such a ride. And during these ten years, I had a model that I kept, waiting for the technology we needed.
One of the delights of the new age is that it's a turning of consciousness to give us permission to look beyond appearances. But there are traps that come with it. It's brave to throw off the old altars and churches and ceremonies that kept us from discovery, it's not so brave to replace them with chants and rituals and new priests who are retreads of the old.
After any disturbance (such as two world wars coinciding with a period of growing economic and monetary incomprehensibility) we find our old concepts inadequate and look for new ones. But it unfortunately happens that the troubled times which produce an appetite for new ideas are the least propitious for clear thinking.
The benefit to building a startup is that customers don't have the same kind of friction when they adopt new technology.
The primary thing that any technology startup must do is build a product that's at least 10 times better at doing something than the current prevailing way of doing that thing. Two or three times better will not be good enough to get people to switch to the new thing fast enough or in large enough volume to matter.
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