In August of this year, Marc Andreessen, the man who built the first commercial web browser, wrote that, ‘software is eating the world.' Yet, he noted, companies continue to underestimate the impact modern technology is having on their markets. Andreessen suggested this myopia might be down to bad memories and burnt fingers following the dotcom boom and bust, when many outlandish promises about the future were made and broken. Additionally, he cited a lack of appreciation about the speed of change that continues to take place around us and the subsequent dramatic shifts in the landscape for companies, brands and organisations. For instance, Andreeseen believes the rapid uptake of smartphones that's driving global access to the web will create vast online markets of five billion people. Furthermore, reaching these giant markets is becoming easier as the burgeoning capacity and efficiency of cloud computing continues to drive down the cost of running web services. ‘Companies in every industry need to assume that a software revolution is coming’, advises Andreessen who is now one of the world’s most influential technology investors. It strikes me that his comments accurately capture the current mindset of...
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