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Future trends
This is a list of future technologies, social patterns, and economic
development strategies we believe will have an important impact on communities,
organizations, and on the economy over the next ten to fifty years. It
often takes five to ten years to make changes and
see the impact
fully, so watching trends and identifying those that can or should affect
your community, organization, or business can be critical to future success.
Someone once said the United States military is always planning to fight
the LAST war. Don't get caught planning for the last economic trend.
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Trend
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Discussion
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| E-paper |
After decades of speculation, failed
promises, and lots of prototypes, electronic
paper is finally in production in small lots (January, 2004).
It is difficult to understand the true impact of this technology, but it
will significantly alter the way we access and use information. Today,
we have a choice between tiny PDA screens that offer little utility beyond
our daily schedule and phone numbers and the full size computer, which
includes laptops. At best, laptops are power-hungry, heavy, and awkward
to use. E-paper will enable "newspapers" and "books" that can be rolled
up and stuck in a pocket; interactive, "live" business cards; and a whole
host of other uses that we cannot even predict. |
| Carbon nanotubes |
Carbon nanotubes are finally beginning
to be used in the manufacture of new materials. They've been around for
almost twenty years, but were very expensive to manufacture. Many times
stronger than steel but much lighter, they will play a significant role
in the Space Economy. There will be many economic development opportunities,
ranging from raw material production, manufacturing of intermediate forms
(e.g. sheets, beams, etc), and manufacturing of final products. |
| Supercomputers (updated 2/12/03) |
Supercomputers have always been big
and expensive. New advances in microprocessor design, cheap memory, and
clustering software now make them affordable for a much wider range of
business and research use. On the low end, many more businesses will be
able to take advantage of a shared regional supercomputer facility to solve
business and engineering problems, which will lead to new product lines
and higher business efficiencies. On the high end, bigger business and
government research projects will be able to solve more complex problems
more quickly, leading to breakthroughs in health sciences, engineering,
aerospace, homeland security/defence, and crime prevention. Regional supercomputer
facilities will become a key economic development tool, and regions without
such a facility will be at a disadvantage. Update: Virginia Tech's Big
Mac supercomputer is expected to reap
a 5-1 return on investment from
healthy demand from government and private industry to get itme on the
machine. |
| Regional supernets |
Regional "supernets" will have a profound
impact on economic development, especially in rural areas. Low cost fiber
networks and wireless first mile interconnections will allow rural regions
to offer better broadband access than many rural areas. Affordable, high
speed broadband will allow many small businesses and entrepreneurs to make
small town quality of life their primary relocation decision. The Alberta
Supernet, South Koreas countrywide fiber to the home initiative, and Ireland's
countrywide fiber ring provide practical examples of regions already well
on the way to achieving this vision. |
| Mesh networks (wireless) |
Arguing over whether fiber or wireless
is "the way to go" is an exercise in futility. We'll want and have both,
and the discussion is not an either/or decision. A new generation of wireless
systems (mesh networks) are creating low cost opportunities for communities
to quickly deploy useful broadband services and to pave the way for increased
investment later (e.g. fiber). New Open Source software, very low power,
off the shelf hardware components, and the low cost of assembling access
points makes "smart" wireless systems a must have for smaller communities
trying to jumpstart economic development initiatives. |
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