Information technology currently is experiencing an unprecedented boom.
The current plenty, I would argue, is even larger than the dawn of the commercial internet advance in 1999 and the subsequent dot-com boom and bust in 2021.
The main drivers of the current information technology boom is artificial intelligence/ai/machine learning and cloud computing.
Cloud computing is the infrastructure, while artificial intelligence provides the software algorithms to harness the available modern day computing power.
How long will the current information technology boom last? Two things are driving the nowadays technology rise, namely the drive to save costs and thus increase profits by companies and the cheap money which via money creation/money printing the leading global central banks like The Federal Reserve, The European Central Bank, The Bank of England and The Bank of Japan provide.
Actually, it will all go along until suddenly the music stops. Some minor or alternatively major event will cause people and companies to be afraid of loosing the achieved paper profits. It could be a fundamental or psychological factor which will cause the selling and running for the exit. History is littered with examples of financial euphoria, followed by the natural bust and gloom afterwards.
No, company and individuals' greed will not disappear, of course. However, what I have found is that fear is actually negative greed. And when fear sets in, fear is a much stronger emotion than greed.
I forecast the current information technology boom will last 3 more years and something will give.
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