Software is still eating the world
Tech giants have taken over our lives, and the biggest ones will keep getting bigger
In 2011, Marc Andreessen, an American tech investor, wrote in the Wall Street Journal that “software is eating the world.” He was right, and his words still ring true today. Software is taking over everything. It’s taken over entertainment, work, and communication. It’s even dominating how we get around, order food, and shop.
Artificial intelligence (AI) has accelerated this trend. It’s already making companies much more productive and profitable. Law firms, for example, are hiring fewer graduates to trawl through legal documents. After all, AI can do it in a fraction of the time for a fraction of the cost. AI is also more accurate than a team of caffeinated but exhausted youngsters. That is precisely why software is taking over. It helps businesses run more smoothly and at a lower cost. Companies that embrace software can provide new services that are both cheaper and more convenient than traditional methods.
What has happened? Businesses have invested more and more in developing softw…