Then there’s Metcalfe’s Law, which tells us that the value of a network increases proportional to the square of the number of users. If this all sounds too geeky, don’t worry — here’s how to think about the remarkable pace of technological change and the huge number of people in simple terms.
1) Technology is changing at a faster and faster pace. In fact, today is the slowest rate of technological change you will ever experience in your life.
2) The more people are connected, the more powerful the network becomes.
Connectivity: everything that can be connected, will be connected
The price and size of sensor technology is falling at a predictable rate (Moore’s Law and the Law of Accelerating Returns), which tells us everything that can be connected, will be connected. Everything. What exactly might that mean for us?