With digital cameras and other devices linked to personal computers, Americans are collecting vast amounts of data, which fortunately takes up little or no closet space. Today’s average personal computer has a hard drive that can store 300 times more information than a decade ago, and storage capacity will multiply again 30-fold in the next few years.
The implications of this broad, digital revolution are enormous, although they tend to be overshadowed by the struggles of high-tech industries to recover from the go-go years of the 1990s. Those struggles are real, yet there are reasons for optimism about a return to robust economic growth and job creation in the next several years.
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