If you are amazed by the fast drop in the cost of computing power over the last decade, just wait till you see what is happening to the cost of bandwidth.
Predictor: Grove, Andy
Prediction, in context:In a 1994 article he wrote for Forbes ASAP titled “The Bandwidth Tidal Wave,” George Gilder looks at the technology involved in the networking revolution. The article is a portion of his 1996 book “Telecosm.” Gilder quotes Andy Grove, CEO of computer chipmaker Intel: ”Let us paraphrase a 1988 speech by John Moussouris … If the leading sage of computer design, in his last deathbed gasp, wanted to impart in one word all of his accumulated wisdom about the coming era to a prodigal son rushing home to inherit the business, that one word would be ‘bandwidth.’ Andy Grove knows it well. Early this year he memorably declaimed: ‘If you are amazed by the fast drop in the cost of computing power over the last decade, just wait till you see what is happening to the cost of bandwidth.'”
Biography:Andy Grove was computer chipmaker Intel’s CEO from 1987 to 1998. He received much recognition for his tech achievements, including the 1987 Engineering Leadership Recognition Award from the IEEE and Time magazine’s Man of the Year for 1997. (Entrepreneur/Business Leader.)
Date of prediction: January 1, 1994
Topic of prediction: Information Infrastructure
Subtopic: Cost/Pricing
Name of publication: Forbes ASAP
Title, headline, chapter name: The Bandwidth Tidal Wave
Quote Type: Direct quote
Page number or URL of document at time of study:
http://www.seas.upenn.edu/~gaj1/bandgg.html
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney