Ephemeralization, a term coined by R. Buckminster Fuller, is the ability of technological advancement to do "more and more with less and less until eventually you can do everything with nothing," that is, an accelerating increase in the efficiency of achieving the same or more output (products, services, information, etc) while requiring less input (effort, time, resources, etc). Fuller's vision was that ephemeralization will result in ever-increasing standards of living for an ever-growing population despite finite resources.
Interesting article via WIRED:http://www.wired.com/2016/03/buckminster-fuller-brilliant-crank-lot-teach-silicon-valley/
Reference:https://bfi.org/
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