Value of a communication Network (Metcalfe’s law)
Thursday, November 19th, 2009The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
Furthermore the number of unique connections in a network of a number of nodes (n) can be expressed mathematically as n(n - 1)/2
Why is this important?
It can be directly related to the value of social networks, the more user a social network has the more valuable it becomes. There is also an added twist of sub-networks within a network (Reed’s Law) which we will discuss next.