50 years on from Moore’s Law but has technology really benefitted business?

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Fifty years ago Gordon Moore gave us the prediction that was to become the unshakeable Moore’s Law. Moore predicted that the complexity of computer chips will double roughly every two years, which has proven the case for half a century. Memory chips today store around two billion times as much data as they did when Moore conceived of Moore’s Law, or to put it another way: computer hardware today is around two billion times more powerful for the exactly the same costs.

The computer has undergone a rapid expansion that is almost unprecedented in terms of industry-driven innovation. However, scientists are predicting that the rate of growth predicted by Moore could be slowing as gaps between new innovations appear to be widening.

However, despite the warnings, walk into any modern workplace these days and you will see a spread of technology and its influence on the ways of working. It is difficult to imagine a business without technology.

Predictions about the rise of robots in the workplace and artificial intelligence threatening the existence of jobs currently seem some way off, yet workplace tools have evolved rapidly in recent years, with 18% of employees reporting that they have direct access to some form of wearable technology at work. If the technology is helping workers achieve their objectives quicker and more productively, it makes sense for companies to explore the opportunities that are out there.

Innovations that are expected to enter the workplace in the near future include:

  • Stress monitors that monitor employees stress levels, warning when employees are under stress and advising them to modify their behaviours/environment.
  • Hologram conference tools that enable increase interaction and personalisation.

For businesses, the worry is often not enhances in technology but the growing proliferation of technology in the workplace and how it affects staff engagement and productivity. Is it a positive or a hindrance for overall productivity? In order to ensure staff use technology correctly and ethically, businesses should consider putting the right policies in place on staff training, expectations and use of technology in the workplace.