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Moore's Law, named for Intel founder Gordon Moore, predicts that the density of microprocessors will double every 18 months, thus halving the price. The by-product of this long-lived phenomenon has been the doubling of processor speed in the same 18-month period. Moore's "Law" is in fact a representation of the speed of change of the microelectronics industry over the last 20 years. It is expected to continue to apply to technology change for at least the next 5 to 10 years. See Ashley Dunn (1996), "The Demise of Moore's Law Signals the Digital Frontier's End," New York Times, August 14, at <http://www.nytimes./com/library/cyber/surf/0814surf.html>. See also <http://www-us-east.intel.com/product/tech briefs/man_bnch.html>. |
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See Brian Grimes (1995), "Modeling and Forecasting the Information Sciences," Knowledge Science Institute, University of Calgary, at <http://ksi.cpsc.ucalgary.ca/articles/BRETAM/InfSci/> for a discussion of exponential change in the performance of these technologies and its impact. |
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One terabyte is 1012 bytes, or 1,000 gigabytes. It is roughly the equivalent of 40,000 4-drawer files holding 500 million pages of paper documents. |