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Estimation

Amara's Law

Overestimated in the short run, underestimated in the long run.

The article

If

A new technology is judged on a demo, which flatters it, and then adopted against an installed base, which resists it — so the first two years disappoint. The same compounding that made the early forecast wrong then runs for a decade in the other direction, and the ten-year forecast turns out to be wrong too, this time low.

Then

Discount two-year forecasts about a new technology and take ten-year ones seriously — but plan around the version that actually ships, not the one in the demo.

Unless

Some Things Simply Do Not Arrivesurvivorship makes the law look inevitable, because the technologies that never got a long run are not the ones quoted back at us

Source

Roy Amara, president of the Institute for the Future; attributed and circulated from the 1970s onward.

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See also