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by vishnugupta
1311 days ago
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I’d rather say it’s end of “growth at all cost” era than big tech. Businesses will go back to the basics of optimization of unit economics, being efficient, steady growth and such. Which on the contrary means more emphasis on tech, not less. Remember that much of the tech foundations for 2010s success were laid in mid to late 2000s. I saw it from within Amazon as AWS was building the core infrastructure components that went on to become independent services in 2010s. So I expect 2020s to go through similar phase. Maybe AI? Robotics? VR/AR? I don’t know. |
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Big tech happened because of open source and remote work (international collaboration on the internet). C, gcc, Linux, BSD, and publicly funded protocols like email and HTTP unlocked the last 20 years of growth. The next wave of open source is happening in robotics and manufacturing. We’re around 2005 right now in software terms. The iRobot, Nest, Oculus generation of companies was the first .com wave. Robotics and manufacturing teams are figuring out how to work remotely (accelerated by the pandemic).