New Tech Bubble

http://www.businessweek.com/magazine/content/11_17/b4225060960537_page_5.htm


The above link is to a businessweek.com article that argues the current technology bubble we are in may not be such a great thing. The current tech bubble focuses on social media websites and better ways to market ads to consumers of these sites. Therefore, the emphasis in this bubble is not on new technology, but instead based on the underpinnings of older technology. The author then asserts that a significant portion of this generation's brightest minds will be wasted trying to develop advertising models for websites when they could be developing new technology for a greater purpose. The article then shifts to discussing companies which have applied the data analysis tools used in the Silicon Valley realm to solve real-life tangible problems, such as cancer. The company Claudera, started by a former Facebook employee, is trying to build an operating system for analysing enourmous amounts of data for answering questions regarding cancer.