Wrong Time To Bet on Internet, says Tech Insider
As a co-founder of TechCrunch (one of the most popular tech sites on the internet – with 273,583 fans on [...]
September 1 2011 by ChiefExecutive.net
As a co-founder of TechCrunch (one of the most popular tech sites on the internet – with 273,583 fans on Facebook) Keith Teare knows what he’s talking about when it comes to technology. This week Teare wrote an opinion piece for the tech website about how and why the landscape of technology as we know it will drastically change over the next five years. Five years!
In the piece, Teare predicts the failure of some massive companies in today’s marketplace. Those spaces in the market, however, will be replaced by newer and bigger (and thinner) companies.
The main theme of the future? Mobility and the cloud.
- Information will no longer be consumed while sitting at a computer (desktops will be only for serious work)
- Companies need to develop mobile platforms to be competitive
- Mobile phones and devices will become increasingly sophisticated and workers will be productive from anywhere
- Data and software will be run and stored using the cloud
- The cloud will become thinner (simpler) and companies that run on thick clouds (like Facebook) will need some serious restructuring to adapt to the new marketplace
The Wall Street Journal interviewed the CEO of Autonomy, a company that was recently acquired by HP. CEO Mike Lynch has similar sentiments to TechCrunch’s Teare, and also sees the future of technology as shifting toward a mobile platform (and away from desktop computers).
In the interview Lynch says, “The constraints in the past have been processing power. With everyone carrying a smart phone and processing power doubling, and then the fundamental algorithms have gotten a lot more powerful recently…If you think the first-generation of the Internet was about sitting in your bedroom and typing text into a keyboard…the next generation is going to be able being out and about holding up your smart device, it sees what’s going on and the way in which you interact with information as objects.”
Teare might be jumping to conclusions by saying that companies may only need to focus on mobility; PC computers as we know it probably won’t cease to exist. But, the future is shaping up to revolve around new preferred platforms.
To stay in the game, CEOs need to know the implications of these new technologies. To learn more on the future of cloud and mobile technologies, join us October 18-19 at Chief Executive’s CEOTech hosted by the Stanford Graduate School of Business. You’ll learn how B2B, industrial, manufacturing and other non-consumer brand businesses are successfully using these technologies. The speaker roster includes eBay CEO John Donahoe, San Francisco Giants CEO Larry Baer, and Kaiser Permanente CEO George Halvorson – and you’ll get to tour the Googleplex! Click here to learn more.