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Every Company Is Now a Tech Company

By The Wall Street Journal

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  • Industries that didn’t exist 15 years ago:

    • Ride-sharing

    • Home-sharing

    • Cloud infrastructure

    • Blockchain

    Industries that didn’t exist 40 years ago:

    • Information technology

    • Personal computing

    Technology is always the future industry that we don’t understand yet.

    Every company that recognizes uncertainty as opportunity is a technology company.

  • It wasn’t long ago that the notion of integrating digital technology even into everyday workplace procedures was an absurd notion. We should be careful, though, how this might further undermine our privacy and sovereignty over our personal data.

  • Maggie Chan Jones
    Maggie Chan JonesproFounder & CEO at Tenshey, Inc.

    Many in the tech industry, myself included, have been saying for years that every company is a tech company. The ones who don’t see that will be left behind in the digital transformation. When it comes to retaining talents from acquired companies, it’s still an art. It is not easy to blend various cultures across existing employees, outside hires, and talents from acquired companies, but having representation at the senior leadership table is key.

  • Matt Walters
    Matt WaltersFounding Partner at MissionLab Inc

    It’s amazing the speed at which digital technology has taken over the world. It always makes me think about what’s next. Is it virtual reality, artificial intelligence, robotics? Whatever it is, it’s already here and people are already dismissing it as overhyped.

  • James Ayoub
    James AyoubAnalyst // Lifelong Learner // Minimalist

    Every company should have some strategy around how they leverage tech and data. However, that doesn’t make you a tech company any more than adopting a social media marketing strategy makes you a social media company; it’s a requirement for those that don’t want to become irrelevant

  • William Wood
    William WoodOwner at William Wood

    I have watched the tech revolution from the mainframes and IBM punch cards, to server and mobile environments. The expansion of technology into non tech companies started with Symbol Technology, and portable Bar Code Scanners, and inventory control. The other major converter was Word Perfect, at last a more user friendly software, that permeated a variety of companies. Of course Mosaic, Netscape, and others paved the way for the internet to be used by the masses, opening the internet to commerce

    I have watched the tech revolution from the mainframes and IBM punch cards, to server and mobile environments. The expansion of technology into non tech companies started with Symbol Technology, and portable Bar Code Scanners, and inventory control. The other major converter was Word Perfect, at last a more user friendly software, that permeated a variety of companies. Of course Mosaic, Netscape, and others paved the way for the internet to be used by the masses, opening the internet to commerce. With the cost of technology down big time, even the smallest of Entrepreneurs can afford to be a Tech firm. What was left out of the article, is the size of the resistance opposed to technology.

  • If every company is a technology company, and technology is changing significantly faster than ever before, then we should be watching not just how do existing players become technology companies, but how are they equipped to evolve in the future? At the end of the day, that comes down to diversity and culture.

  • Cutting edge technology is no longer an advantage, it's a requirement. Every industry is rapidly changing.

    Now if we could only get our schools to embrace the workplace of the future...

  • Great read!

    This is the mind set we are looking to encourage among businesses. Do not treat Information technology as separate department or a cost centre. In order to edited growth and sustainability IT should be looked at as a necessity in a company that cannot be overlooked.

    Earlier today, one of my clients was complaining how the IT department get the last piece of the stake and how he is left with no budget to even do simple upgrade that is important for the IT infrastructure. This is the

    Great read!

    This is the mind set we are looking to encourage among businesses. Do not treat Information technology as separate department or a cost centre. In order to edited growth and sustainability IT should be looked at as a necessity in a company that cannot be overlooked.

    Earlier today, one of my clients was complaining how the IT department get the last piece of the stake and how he is left with no budget to even do simple upgrade that is important for the IT infrastructure. This is the norm that we down to change!

    #IT #ITbudget #ITtransformation #ITleaders #PCM #PCMCanada

  • James Cakmak
    James CakmakEntrepreneur | Tech Analyst

    Not only is every company a tech company, but it’s also an Internet company. Everything that’s conducted from the standpoint of operations is optimized for efficiency, whether is B2B or B2C. Isolating any business will yield as such, whether it’s a retailer providing more touch points for customers, an auto manufacturer collecting ride data, or a healthcare provider optimizing for the best treatments. Everything is both data and efficiency driven going forward. CIOs and CTOs are the new COOs.

  • Georgia  Frances King
    Georgia Frances KingIdeas Editor at Quartz

    The headline that I have been waiting for someone to write for some time now!

  • I think this statement is misleading and potentially irresponsible as it can set the tone and culture for your business. Every company must take advantage of tech to survive, but this alone does not make one a tech company. Be careful how you position yourself - don’t call yourself a tech company if you truly aren’t anchored in tech and don’t offer tech products and services. Using tech to your advantage and having a tech strategy doesn’t make you a tech company - it just makes you a smart company.

  • This would have been a timely article circa 2008. In 2018 it's yesterday's news. The issue isn't whether companies have accepted technology but whether they have accepted new business models that come from technology. Sadly, most companies are still operating like it's the 1980s.

  • Paul O'Brien
    Paul O'BrienCEO at MediaTech Ventures

    This headline was written 18 years ago when it became apparent that the internet was going to change everything.

  • Patricia Lincourt
    Patricia LincourtSocial Worker

    This rings true in the government and private not for profit sectors as well.

  • On the death of the basement IT department, and the threat to companies with a fixed mindset. (Time to break out Carol Dweck’s writing on growth mindset.)

  • Not much time ago this notion seemed so remote. With Digital Transformation being a minimum requirement for survival, a lot of this needs to be taken into account. #digital

  • Kartik Chaturvedi
    Kartik ChaturvediSoftware Developer

    We are tool makers, and technology is as crucial to our future as fire was when Homo sapiens first discovered and controlled it. Just as with fire, we must control technology to ensure it doesn’t do any harm, but we must not stifle innovation and progress in the process.

  • Nick Gaddis
    Nick Gaddis

    I guess if you consider that using technology makes you a technology company then every company is a technology company. However that simply means that the statement is meaningless.

    To have meaning there needs to be differentiation. Therefore I think to be a technology company it would need to create new technology.

  • Shawn Yen
    Shawn Yen

    Now the question is if it’s a key issue that when the companies transform to the Tech ones. Cause the ones which started as the Tech companies had many loyal customers.

  • Takash Futada
    Takash Futadamaverick computer engineer at noname

    Precisely the title should have said that every company has IT engineers.

  • yang yang
    yang yang

    great

  • Rabeea Chaudhri
    Rabeea Chaudhri

    Wow

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