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Why Software Is Eating the World

An anonymous reader writes "Web browser pioneer Marc Andreessen writes in the Wall Street Journal that software is 'eating the world.' He argues that software's importance to the economy is being underestimated, and will become much more evident in the near future. Quoting: 'But too much of the debate is still around financial valuation, as opposed to the underlying intrinsic value of the best of Silicon Valley's new companies. My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy. More and more major businesses and industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.'"

5 of 192 comments (clear)

  1. Developers still 2nd class citizens by digitallife · · Score: 5, Insightful

    And yet developers are still treated like second class citizens in far too many organizations. The fact is that most management simply does not have any appreciation or understanding of good coding practices, instead using short term metrics to try to recognize valuable developers... Such as how little they are willing to work for. Just recently I read a comment here on slashdot from some developer who said his whole team had been working 12-16 hour days for a year and a half with no extra pay... Because it would "secure" their future with the company. They are in for a very sad surprise.

  2. I don't believe it by maxwell+demon · · Score: 5, Informative

    You cannot virtually grow food. In the end, humans need something real to eat.

    --
    The Tao of math: The numbers you can count are not the real numbers.
  3. Software is the means, not the end by Anonymous Coward · · Score: 5, Insightful

    There's certainly a revolution happening but it's not about software companies. That's confusing the food industry with the refrigeration industry. The winners of tomorrow are firms that can use software to create knowledge pools that can exploit new markets successfully. Future digital businesses may look more like 4chan than like IBM or Oracle.

  4. Confirmation Bias by Mozai · · Score: 5, Funny

    THIS JUST IN
    An expert of [field of study] believes [field of study] will change the world.
    Also emphasizes that other people are not taking [field of study] seriously.

  5. Re:and some places have little to no QA + poor IT by hedwards · · Score: 5, Funny

    That's socialist talk buddy. Next thing you're going to suggest that executives shouldn't get obscene bonuses for running their company into the ground.