Revolutions Upon Revolutions

There can be no doubt that we are witnessing a revolution

in the way that communication systems underpin our businesses.

There can also be no doubt that this revolution will be viewed

as bringing the most significant changes to the global financial

industry that we have yet seen. Furthermore, there is no doubt

that the rate of change of technological development is continuing

to increase.

Moore's Law of 1965 still stands, but it looks likely

that Gordon Moore's observations on the exponential growth in

memory chip performance will be overtaken by a more rapid increase

in the rate of development of the technologies and services which

are being built upon the microprocessor chip.