We’ve heard before that new technologies are adopted more quickly than their predecessors, but seeing it on a hundred year chart hammers home the message. If we just looked at the last ten years we would see a similar picture, with faster adoption rates for the newer technologies. This trend will continue. As our tools to innovate get better we innovate faster, including on the tools themselves, and so the process accelerates.
I wrote yesterday that new markets are spinning up faster and disappearing faster than ever before. This is why.