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A recent issue of The Economist describes nanotechnology as “the next small thing
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Nanotechnology: The Next Small Thing A recent issue of The Economist describes nanotechnology as "the next small thing."1 Nanotechnology is ability to construct a wide range of large objects inexpensively and with atomic precision. David Bishop of the New Jersey nanotechnology Consortium defines nanotech as "devices, structures or systems with characteristics, features or parts on nanoscale- that is less than one billionth of a meter."2 This process will go beyond materials and devices to complex systems of molecular machines. The significant impact on organization's procedure and workflows has seen the growth of many potential customers. The growth of the Nanotech industry has been steady and recently large firms are now perusing nanotechnology. According to McKinsey, a consultancy firm said that there were "837 nanotech startups in 2003- over half in America- up from 462 in 2001."3 This suggests that the potential use of nanotechnology is great and in...
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