Pat McGovern on The Next Tech Bubble

Pat McGovern, the head of publishing powerhouse International Data Group (disclosure: I once worked for an IDG unit), was a keynote speaker at the off-the-record Nantucket Conference this past weekend. But he gave me permission to cite his comments on the next technology bubble.

McGovern's probably seen every tech bubble of the digital era. As he said in his remarks, way back in 1969-70 there was the computer terminals bubble, followed by the 1980s bubble around personal computing, and the Internet bubble of the late 1990s. His prediction for "the next great bubble?" It will happen in 2013-2015, and it will inflate around the field of molecular medicine (matching molecular biology to medicine).

It makes sense on the surface -- personalization is a gigantic part of the economy, and it's clear that much of our spending on drugs is wasted because we can't personalize it. Is McGovern correct?

Vote in the poll (and if you agree, get started now. You have five years): [poll id=8]