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When Moore Means Lease
“Moore's Law is the observation that over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years. The law is named after Intel co-founder Gordon E. Moore, who described the trend in his 1965 paper. His prediction has proven to be accurate.” ' Wikipedia
The principals of Moore's Law have provided the framework for the pace of change in technology since that seminal white paper was published in 1965, not to mention one of the fundamental arguments in favor of leasing that technology. That was according to Intel executive David House, who predicted that chip performance would double every 18 months ' meaning that what you buy today, if you are on the very forefront of the trend, becomes obsolete in that 18 month timeframe. Given this cycle, purchasing technology outright dissuades the user from keeping pace with the newest technology trends.
Moore's Law revealed the fundamental question we all ask when faced with a new technology: should I purchase that device? The fact is, we don't know. The period of exponential improvement which we are all now familiar with has shown time and again that there will be some breakthrough in technology over the next several months that delivers a product to me that is better, cheaper and faster.
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