Flow of electron is current and flow of cash is economics. If no electron flow then there is no current and if there is no cash flow then there is no bright economy. It is as simple as that.
What is the solution for the current economic crisis?
Increase consumer confidence
Consumer confidence is measured by the consumer confidence index and it is record low now. Economics is a social science studies the production, distribution, consumption of good & services. Consumption is the driver for distribution and production. The consumer adapts a conservative approach for consumption of goods and services and hence there is a slow down in the whole cycle. The conservative approach chosen by the consumer due to bleak future. Consumer are not spending due to uncertain future and current & near future depends on the consumer spend. I call this situation as “economical dead lock”.
The lock only be released by consumers and it depends on creating HOPE in them. Any big events in first quarter of 2009 is going to create that hope in consumer. The big event could categorically be under geo-political, scientific invention, leadership, Government policy.
The president elect going to sworn in first quarter of 2009 and he already made clear that his top priority is to focus on economy. By introducing new policies, regulation and deregulation in certain areas, introducing all construction projects are likely would provide confidence in consumer that there is a bright future ahead. That magic would release the economical dead lock.
It is highly likely that global economy will turn around by 3rd or 4th quarter of 2009.
We are in deep global economical crisis and most of the organization and individual are or will be focused on survival and sustainability. Human mind becomes sharper in survival and it has been proven since the formation of a single cell. Since we are in deep crisis, innovation, operational & cost efficiency, invention are not differentiator but ingredients of survival. Rate of change of innovation & invention will be in rapid phase in next few years. Top three big ideas will emerge in next few years in the modern industrial world.
- Stop that photon
- Wireless power distribution
- Quantum computers running in the data centers
What are the industrial applications possible if we could find a way to stop the photon:
- Virtually there is no electronic screen required. That is, television, computer, projectors are not required instead we can project the display in the space. An average cell phone size device can project (around 50-55 inch) with very high resolution in space.
Wireless electric power transmission:
- Due to the energy crisis and fossil fuel dependency there will be more focus on clean green energy and there will be progress made in that area. However, irrespective of the energy source, energy distribution will be major problem. Entanglement of the electric energy shall enable the electric power transmission with out physical wires. It will provide a foundation to transmit energy from space. It will lay foundation to eliminate the energy crisis permanently.
- It may not be a replacement of electronic (silicon based) computers. It will be like laser to light bulb. We are using light bulbs even after the discovery of lasers. QC will be more powerful and faster. When it is availble for mass data processing in the data center then the availability of data, processing speed of data will increase alteast hundred folds than what we have today.