SB,
Those databases that sit idle during the day and night are probably deployed by soon to be bankrupt companies. :-) Remember, the Web model is 24x7.
Productivity growth from advanced computing is not a tangential issue when productivity growth is concerned. It is the main issue. Rapid productivity growth is invariably deflationary (compare the inflation adjusted price of an automobile before and after Ford's invetion which enabled mass production). Focusing on unadjusted revenue growth in such a scenerio makes no sense. Tell me, in the middle of rampant inflation, you would have adjusted revenue growth for companies by that, right? Then, why make the distinction for deflation?
The problem, I believe, is that people are more comfortable with salary raises matching inflation than salary cuts matching deflation, though both are mathematically equivalent as far as purchasing power goes. Behavioral economists focus on these aspects of human nature. The marke, perhaps, is not all rational (though I hope it is). There, I said it! :-)
-BGR. |
