Asks the Economist: “As the locus of innovation moves on to other fields, can information technology ever regain its pre-eminence?”
It writes: “The excessive exuberance during the run-up to the millennium has saddled the IT industry worldwide with $750 billion of debt and some $250 billion of overcapacity. That is an awfully big hangover for it to overcome…an intriguing convergence of technologies is under wayas the medical, pharmaceutical and agricultural sectors adopt chip-based techniques.”
Economist Innovation
