Singularity is a term related to time defining in a way as an one instance of time. Here i will use the term in a way related to technological aspects. I came across this word when i played the game "Singularity". It was a science fiction game. Here i don't want to go in to the details of the game and simply want to go ahead with the term singularity. The word singularity here means an advent of time when the technology has advanced so much that instead of helping the humans in their work it will plunge them into chaos. The word is more of a future term.
In relation to computers, there is a law which governs the growth of technology in IT sector. This law is called Moore's law. This law says that the computational speed of the system will increase twice every two years and the size of the hardware will reduce to its half. The law will continue to govern until the next decade or so until the engineers reach a limit where they cannot go any further. And ofcourse when the engineers will hit the size of an atom transistor they will not be able to go ahead anymore unless they found a new way to go ahead or so.
It was just a matter of years when the cellphones were just a status symbol and then their sudden drop in prices and size made the reach for them easy for common people. As all of this happened so suddenly that the world saw tsunami of mobile devices coming into market. Then there started the competition to survive in the market. The technology advanced at a tremendous speed. But this advancement of technology continues at exponential rate which means the growth which was seen by IT sector in last year is double this year and will be four times the next year.
Now the people who observe more deeply must have observed*obviously* that in the previous decade the new products used to launch after two or three years i.e. the time of development of product was quite long but in this decade the picture is entirely changed. The new products are launching very fast in the time frame of six to eight months. The development phase time period has reduced significantly. Singularity is the time when the development of product will take the time period of just an instance of time.
Lets take an example, Nowadays we can see a new mobile launching almost after six to eight months later by the same company. And if we take it as general the new mobiles are launching almost everyday by many different companies as the IT sector is growing very fast.As the technology is growing very fast, at such a rate there are more advanteages and less disadvantages. But as every new day comes, the old and new companies are pouring out their products in to the market to fight the stiff competition. The employees work more harder to keep their employers happy. This results in concenterating the human mind power on a single point. The result of it would be "Singularity". A time will come when the growth will be so much exponential that there will be thousands of products launching every single second. The market will then either collapse altogether or the marketing rules will be altered in such a way that every company will barely survive in such a congested market.
The concept of singulrity applies in all of the technological related products. Singularity has lots of disadvantages but its advantages(although less) are very tremendous. With such a rise in growth the technology will give way to products which could have takes centuries in a sequential growth. The benefits related to the singularity will be enormous. Now a days the researchers are trying their best to devleop nano technological devices which may work properly and can provide a lot of benefits in medical science, robotics etc. It took almost 300 thousand years(assuming the evolution of humans) for humans to develop their first processor but it took just 60 years to develop them in to powerful microprocessors. I wonder how much more time will it take to simulate a human brain!. It is just a matter of time. A genius always show a new path to walk upon and the intelligent walk upon it to venture upon it. The disdavantages which it brings with itself are also very huge as it also means that a government or country surviving upon technology can collapse in a single moment if they lagged behind others for just one hour(60x60 seconds).