Arthur Hanson
Well-known member
Besides AI/ML, the large future demand drivers will be in MEMS/Nanotech where much of the expertise and equipment used in semis can be put to use making the economics even better by spreading the costs over a larger base. This will be spread over the entire industry from IP development to tooling to final production. One factor also to consider with be the increasing pace of obsolescence which will require new business and ownership models to extract maximum benefit and economic efficiency. Just one example of this will be the auto industry where the rate of change in electric, diesel and gas engines/motors is increasing at a dramatic rate after being slow to stagnant for decades. The days of large numbers of ten and twenty year old vehicles will sharply diminish as economic efficiency of new models increase dramatically while also lowering pollution. With assisted/autonomous driving the utilization of even existing infrastructure will have the potential to being increased dramatically lowering true total cost per mile dramatically and saving untold currently wasted hours of human resources. All this points to accelerating change being the new product.
Progress on this level will appear in almost everything we touch. Robotics, smart everything, design, manufacturing, construction are all already starting to see a increasingly rapid rate of advancement built on semi/nanotech that allows the automation of increasingly large sectors of the economy. Economic blips like we are going through right now will only drive this trend faster as the demands of economics push talent to push the boundaries in existing markets and create entirely new ones.
Obsolescence will become a major factor in everything, pushing new ownership/use/financial models of everything we touch are applied to an increasing shrinking window of a product, function or process being economic.
In all these factors the semi/nanotech industry will expand in breadth and depth while their core markets even continue to grow. The pauses/slowing in demand growth will get ever shorter as the industry adapts to the ever accelerating rate of change it has created for the last forty years. This process is not going to slow down or stop except for briefer and briefer pauses. Newer fields and product lines will change and evolve at an ever increasing rate. The only decision to make is what direction to go in and building a processes at the personal and business levels to adapt. Strategy will become ever more important as the range, breadth, depth and speed of change all accelerate at the same time in the "Great Acceleration". This rapidly accelerating change will change business, political, legal and social structures and there will be no stopping it, in fact the process is well under way. The understanding of this change and the ability to adapt to constant change at an accelerating rate will become the critical skill set in everything. Fixed or slow to adapt people and structures will only be able to maintain their failure to adapt at others expense. There are no free lunches, someone always has to pay.
More than any other area of endeavor, the tech sector has given birth to this increasing rate of change and must help other areas and people adapt or face a world that is ill prepared for this new paradigm. With knowledge and power go wisdom and responsibility for without it unknown serious consequences will result.
The "Great Acceleration" will require change in every phase of business and our lives at an accelerating rate and will reward and penalize both people and business on their rate to adapt to change. below is but one example of this.
https://www.forbes.com/sites/meriam...-revolutionize-solar-technology/#5c8f81c76724
Progress on this level will appear in almost everything we touch. Robotics, smart everything, design, manufacturing, construction are all already starting to see a increasingly rapid rate of advancement built on semi/nanotech that allows the automation of increasingly large sectors of the economy. Economic blips like we are going through right now will only drive this trend faster as the demands of economics push talent to push the boundaries in existing markets and create entirely new ones.
Obsolescence will become a major factor in everything, pushing new ownership/use/financial models of everything we touch are applied to an increasing shrinking window of a product, function or process being economic.
In all these factors the semi/nanotech industry will expand in breadth and depth while their core markets even continue to grow. The pauses/slowing in demand growth will get ever shorter as the industry adapts to the ever accelerating rate of change it has created for the last forty years. This process is not going to slow down or stop except for briefer and briefer pauses. Newer fields and product lines will change and evolve at an ever increasing rate. The only decision to make is what direction to go in and building a processes at the personal and business levels to adapt. Strategy will become ever more important as the range, breadth, depth and speed of change all accelerate at the same time in the "Great Acceleration". This rapidly accelerating change will change business, political, legal and social structures and there will be no stopping it, in fact the process is well under way. The understanding of this change and the ability to adapt to constant change at an accelerating rate will become the critical skill set in everything. Fixed or slow to adapt people and structures will only be able to maintain their failure to adapt at others expense. There are no free lunches, someone always has to pay.
More than any other area of endeavor, the tech sector has given birth to this increasing rate of change and must help other areas and people adapt or face a world that is ill prepared for this new paradigm. With knowledge and power go wisdom and responsibility for without it unknown serious consequences will result.
The "Great Acceleration" will require change in every phase of business and our lives at an accelerating rate and will reward and penalize both people and business on their rate to adapt to change. below is but one example of this.
https://www.forbes.com/sites/meriam...-revolutionize-solar-technology/#5c8f81c76724
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