Software is eating the world
At a time of low start-up costs and broadly distributed Internet access that allows for massive economies of scale, software has reached a tipping point that will allow it to disrupt industry after industry. No area is safe: nearly every industry in the world is already driven by or turned into software in one way or another.
Disruption came from the deflationary pressure put on traditional markets by digital technologies. Most high-tech companies have a business model that incorporates a sort of ‘bizarro force’ that is completely the opposite of what old-economy companies operate under: The price of the products or services distributed by a high-tech company decreases over time while the quality increase.
Source: Software Is Eating the World - Marc Andreessen - WSJ 2011
