Moore’s & Eroom’s Law
In 1965, a relatively young Gordon Moore penned his now legendary paper with the scholarly title.. " Cramming More Components onto Integrated Circuits " That paper, by the future Intel co-founder, is widely celebrated as the original inspiration for Moore's Law, which states roughly that the number of transistors that can be installed on an integrated circuit doubles every two years. His breakthrough observation became a sort of guiding principle for the still very young computer industry. During the next 30 years, it was often difficult to tell if chip and computer manufacturers were proving Moore's theory, or following it like some kind of law.
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Moore's Law transformed computing through decreased costs, but Eroom’s Law ( “Moore” spelled backwards ) is the opposite: Much of the costs in bio (drugs etc.) have been exponentially increasing in cost. So where do the two meet? And what are the possibilities that come from applying cheaper faster computation to the extraordinary rising costs of healthcare? The price of RAM is used as a benchmark of technological advance in the IT industry, since its impressive change over the years is well-documented. Drug development costs according to the latest reports reached a whopping $2.558 billion per approved new entity. Nevertheless, R&D costs of the pharmaceutical industry increased nearly 100 fold between 1950 and 2010. |
I of III: difference between the two laws:
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