Usage of Computer is now the part and parcel of today's globalized world. However, by the evolution of computers from the ultra bulkier and slow computers to the light weighted and fast computing systems is more than a journey which was followed. In order to explain it, IT infrastructure has made the developments on the basis of processing, storage devices, memory chips, and the various networking software as well as hardware. Enhancement in the software designing has caused substantial improvement in the computing power along with the exponential reduction in costs. In this lieu, Moore's Law is quite commonly reported.
Moore's Law and the Processing Power
By 1965, the director of Fairchild Semiconductor Research and Development Laboratories having name Gordon Moore. He is also the manufacturer of widely used integrated circuits and has even published a magazine in Electronics. Here, he introduced the first microprocessor chip having the lowest possible cost without the usage of transistors whose costs usually rise to almost twofold each year. This becomes the basis of Moore's law which has been interpreted into multiple versions after its definition. Three common variants of this law exist, and not a single one was asserted by Moore. The first one states that the power of each microprocessor doubled eighteen month (Tuomi I., 2002). The next one asserts that the computing power double after eighteen months. However, the last one says that the purchasing price of each computing item falls to almost half after eighteen months. The linkage between the exponential growth of computing component with the exponential decline of the computing cost is of ample importance while a person belongs to a corporate sector. This lowered price can sometimes lead to the enormous cost savings in the context of buying huge network clients along with various other components.
Another one is the law of mass digital storage. Being a global village the world produce as much as five Exabyte of distinctive information per annum which is about to double each year. (Lyman and Varian, 2003). The world of physical storage has grown from the Seagant 506 having only 5 MB up to the storage devices having total capacitates as high as 200 GB (IBM, Seagate).
Also, Metcalfe's law also provides quite an insight about the network economics which has provided a new horizon for economic ...