The 10 year old quote really did come true - "Software is eating the world."
10 years since the publication of the oft-quoted Marc Andreessen op-ed "Why software is eating the world, which is the reality today.
Cloud adoption and the influence of AI have made a strong impact on the growth of software. Gartner has already predicted that nearly $600 billion will be spent on enterprise software this year. In addition, Roberto Torres has written about how the software revolution is taking place quickly in an article for CIOdive.
Here is what he has written:
In 2011, when investor and entrepreneur Andreessen first published his op-ed, Gartner estimated total enterprise software spend worldwide at just $269 billion, a growth spurt of 123%.
This is why it's becoming more and more important for organizations to start thinking about their software strategy. If they don't have one, they won't be able to compete in the future.
The software is now ubiquitous, finding its way into every company's operations, products, and services. No longer a cost center, it can deliver productivity and innovation.
Through development tools, the software will be more accessible to everyone, and in many cases, the current baseline of knowledge will be a necessary skill set for many jobs.
Small businesses can create their own software platforms and then sell them to other companies. This can help them generate a new revenue stream that would be otherwise unattainable.
What We Think?
These days, having the right software stack is almost as important as having the right people in your organization and can be a make or break in its success and sustainability.
You can read the full article here.