Definition
In futures thinking, ‘exponential’ refers to a pattern of growth or change where a quantity increases by a constant factor over equal time intervals. This results in a curve that starts slowly but then rises dramatically, often leading to rapid, transformative changes in technology, society, or other domains.
Example
Moore’s Law:
Moore’s Law is a classic example of exponential growth in technology. In 1965, Gordon Moore observed that the number of transistors on a microchip doubled about every two years while the cost halved. This exponential growth in computing power has led to dramatic advances in technology over the past few decades.
Ask yourself
- What areas in my field or industry might be experiencing exponential growth?
- How might exponential changes in technology affect my business or personal life in the next 5-10 years?
- Am I prepared for the potential disruptions that exponential growth might bring?
- How do I need to change my thinking style to cope with exponential changes?
Other posts in this series
