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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 Arrive — survivorship 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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