However, these technologies have truly changed the way businesses operate, and I believe that they will continue to do so in the future. The progress that is occurring today may not seem as revolutionary as it did five or six years ago. Nonetheless, the ongoing evolution of these technologies is continuing to generate productivity gains.
We all have a natural tendency to look for the next "killer application" that will once again revolutionize the high-tech marketplace. This is the high-tech equivalent of "waiting for Godot," and we should not ignore the many, smaller changes to business practices that are continuing to yield real efficiency gains. When will the high-tech sector recover?