"IT technology is still in its infancy, and if likened to the development of mankind, we have yet to discover fire," said Pritchard.
If Moore's Law continues to hold, PC's in 2033 will be a million times more powerful than today's systems, he noted. Similarly, bandwidth capacity would increase 200,000 times.
"The ordinary PC will be running at the equivalent of three petahertz, it’ll have 100,000 cores or more, a petabyte of memory, half an exabyte of storage and connect to the internet with a bandwidth of over a quarter of a terabyte," he added.