RELATIONSHIP BETWEEN TECHNOLOGY, PEOPLE AND VALUE
Moore's Law = computer processing power doubles every 18 months. Moore's Law also equates to an average performance improvement of over 1% a week.
Sarnoff's Law = the value of a broadcast network is proportionate to the number of viewers / readers.
Metcalfe's Law = value of a computer network is proportionate to the square of the number of nodes, i.e., n2. (And, connecting two networks creates far more value than the sum of their values as independent networks.)
Reed's Law = value of a group-forming network is proportionate to the exponential of the number of groups, i.e., 2n
|technology law||example technology||example application||network value, 10 users||network value, 11 users|
|Moore's law||desktop pc||Word, Excel||1||1|
|Sarnoff's law |
~ n readers
|TV, radio, some websites||news website||10||11|
|Metcalfe's law |
~ n2 nodes
|common network addresses and protocols||file sharing, email||100||121|
|Reed's law |
~ 2n groups
|group-forming networks / sites||eBay, amazon.com recommendations||1,024||2,048|