In 1998, Kodak had 170,000 employees and sold 85 percent of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. What happened to Kodak will happen in a lot of industries in the next 10 years—and most people don't see it coming.
Did you think in 1998 that three years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years. It will now happen with artificial intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs. Welcome to the Fourth Industrial Revolution. Welcome to the Exponential Age.
—Dr. Robert M. Goldman, athlete, physician, educator and founder of numerous sports and medical organizations