Memory and disk space will both expand to overflow existing technology. At the time Bill made his statement, few of us had ever used more than 64K bytes of memory. It was only after memory prices fell that the great explosion began.
I remember when 8K by 16 bits cost $1/bit. Compare that to today's costs and you can see why Bill assumed the growth of memory would be limited.
By the way, I have a 16K by 16 bit ferrite bead board framed in my living room as an example of the past example of memory technology.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.