Time for a Change: On the Patterns of Technological Transition

From horses to electric cars, from fossil fuels to renewables, from humans to AI. Understand the past to get a clearer vision of the future.

At the beginning of 2024, we are in a crucial phase of technological transition, evidenced by a decade of substantial changes in key sectors such as energy, transportation, healthcare, and biotechnology. This period of technological acceleration has been characterized by overcoming scientific and engineering obstacles, and then facing the challenges of market and commercialization.

For example, the sequencing of the human genome has seen a cost reduction of about ten times compared to a decade ago, dropping below $1,000. This has allowed broader access and more widespread use in areas such as personalized medicine, pharmacogenomics, and the study of hereditary diseases.

In the energy field, the price of solar energy has decreased by four times