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I think "every company is (nowadays) a tech company" is a relatively fair assessment, even if somewhat exaggerated. Increasingly, successful companies require
by potatolicious 9y ago
I think "every company is (nowadays) a tech company" is a relatively fair assessment, even if somewhat exaggerated.
Increasingly, successful companies require ownership of proprietary technology, rather than purchase of commodity technology from third parties, and in that way more and more companies - even those in "traditional" fields - have invested in in-house tech R&D.
More importantly, software engineering has become a critical part of companies' success, even if the company doesn't ship software to end users (see: UPS, FedEx, Visa, MasterCard).
It certainly seems like the old definitions of "tech company" is increasingly archaic - is Amazon a tech company? Or are they just a retailer that uses technology? Is Grubhub a tech company, or just a delivery service with a frontend?
> "Every company uses technology, at which point saying anything like "tech company" is a useless modifier compared to just "company"."
I think that's exactly the point. Software has become so critical to almost every field (and more importantly: in-house developed software) that many companies have become tech companies, and those that haven't are either getting on the bandwagon shortly, or will perish soon after.
There may come a point where "company" vs. "tech company" loses its distinction, but for now it seems like "companies" are becoming "tech companies" rather quickly.