Why software is eating the world


An excellent article published in the Wall Street Journal, written by Marc Andressen who is co-founder and general partner of the venture capital firm Andreessen-Horowitz. He also co-founded Netscape, one of the first browser companies and now is in the board of HP.

The article points out a few key facts from what today the software industry became and what its role is in modern society. Education is also mentioned and i fully agree that this one is the key for every individual who is alive and will be born in this society. Without education you have no chance in today’s world.

At the end of the article Andressen says that “I know where I’m putting my money.” Well i also knew for a time now that software, software products and support for software is the place where future is.

An excerpt from the article:

Six decades into the computer revolution, four decades since the invention of the microprocessor, and two decades into the rise of the modern Internet, all of the technology required to transform industries through software finally works and can be widely delivered at global scale.

Over two billion people now use the broadband Internet, up from perhaps 50 million a decade ago, when I was at Netscape, the company I co-founded. In the next 10 years, I expect at least five billion people worldwide to own smartphones, giving every individual with such a phone instant access to the full power of the Internet, every moment of every day.

On the back end, software programming tools and Internet-based services make it easy to launch new global software-powered start-ups in many industries—without the need to invest in new infrastructure and train new employees.

and another one

Secondly, many people in the U.S. and around the world lack the education and skills required to participate in the great new companies coming out of the software revolution. This is a tragedy since every company I work with is absolutely starved for talent. Qualified software engineers, managers, marketers and salespeople in Silicon Valley can rack up dozens of high-paying, high-upside job offers any time they want, while national unemployment and underemployment is sky high. This problem is even worse than it looks because many workers in existing industries will be stranded on the wrong side of software-based disruption and may never be able to work in their fields again. There’s no way through this problem other than education, and we have a long way to go.

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