Innovation over the past decade has been largely driven by the technology sector. The rapid pace of change has seen companies rise and fall, with only the most adaptable surviving. The advent of cloud computing has been a significant factor, allowing businesses to scale rapidly and efficiently.
In the data centre industry, power density has increased dramatically, with some facilities now operating at over 25 kW per rack. This is a far cry from the 2 kW per rack seen just a decade ago. The shift towards higher density has been driven by the need for efficiency and cost-effectiveness.
The rise of the smartphone has also been transformative. The device has become an essential tool for communication, entertainment, and work. The smartphone market is now worth over a trillion dollars, with over a billion units sold each year.
In the automotive industry, electric vehicles (EVs) have gained significant traction. The cost of batteries has fallen, making EVs more affordable. Tesla, in particular, has been a major player, with its Model S becoming the best-selling electric car in the world.
The rise of machine learning and artificial intelligence (AI) has also been notable. These technologies have the potential to revolutionise a wide range of industries, from healthcare to finance.
Overall, the past decade has seen rapid and transformative innovation. The next decade promises to be just as exciting, with advances in areas such as quantum computing and biotechnology on the horizon.
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