The pace of economic and technological change is accelerating at the fastest pace in human history. Consider this: There have been only 24 transformative general purpose technologies (GPT)* (e.g., steam engine, electricity, computer) introduced in all of human history. Seven of the 24 were developed in the 20th Century. In the first 20 years of this new century, already three new GPTs have emerged—business virtualization, nanotechnology and artificial intelligence—positioning our current century to double the pace of the most innovative 100 years in human history.
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