4 ms·

well, most tech companies are non-essential by nature. There are lots of companies that are only feasible in a bull market. There are lots of product people can

well, most tech companies are non-essential by nature. There are lots of companies that are only feasible in a bull market. There are lots of product people can simply go without in most industries. Tech just has more non-essential, nice-to-have companies than other industries.

lowdose 7y ago
Which industry is not a technology industry according to you? And which companies would survive another century without becoming a technology company?
- dredmorbius 7y ago
  There are lo-tech spaces, and a great many which are not, or avoid high technology, which is what most people. mean by "tech sector", if not the even narrower band of "high information technology". https://en.wikipedia.org/wiki/High_tech https://en.wikipedia.org/wiki/High_tech Particularly the cited reference, the OECD definition: Hatzichronoglou, Thomas: "Revision of the High-Technology Sector and Product Classification", OECD Science, Technology and Industry Working Papers, No. 1997/02, OECD Publishing, Paris. https://read.oecd-ilibrary.org/science-and-technology/revision-of-the-high-technology-sector-and-product-classification_134337307632 https://read.oecd-ilibrary.org/science-and-technology/revisi... Page 7 specifically divides industries into four technology levels, high, medium-high, medium low, and low. Given J.S. Mill's wonderful definition of technology, 'the study of means", there's little in human activity which is ccompletely atechnological. There remains, however, much that is quite some remove from the cutting edge. In the technology adoption lifecycle, high tech are innovators. An early-adopter firm is itself still not high tech itself. https://en.wikipedia.org/wiki/Technology_adoption_life_cycle https://en.wikipedia.org/wiki/Technology_adoption_life_cycle
SQueeeeeL 7y ago
No, companies who produce mission critical products like chemical modeling and database systems are always going to critical. A product can be essential and still made out of 1s and 0s.
- pessimizer 7y ago
  > products like chemical modeling and database systems are always going to critical. I don't think they will ever represent "most tech companies," though.

lowdose 7y ago

Which industry is not a technology industry according to you? And which companies would survive another century without becoming a technology company?

dredmorbius 7y ago
There are lo-tech spaces, and a great many which are not, or avoid high technology, which is what most people. mean by "tech sector", if not the even narrower band of "high information technology". https://en.wikipedia.org/wiki/High_tech https://en.wikipedia.org/wiki/High_tech Particularly the cited reference, the OECD definition: Hatzichronoglou, Thomas: "Revision of the High-Technology Sector and Product Classification", OECD Science, Technology and Industry Working Papers, No. 1997/02, OECD Publishing, Paris. https://read.oecd-ilibrary.org/science-and-technology/revision-of-the-high-technology-sector-and-product-classification_134337307632 https://read.oecd-ilibrary.org/science-and-technology/revisi... Page 7 specifically divides industries into four technology levels, high, medium-high, medium low, and low. Given J.S. Mill's wonderful definition of technology, 'the study of means", there's little in human activity which is ccompletely atechnological. There remains, however, much that is quite some remove from the cutting edge. In the technology adoption lifecycle, high tech are innovators. An early-adopter firm is itself still not high tech itself. https://en.wikipedia.org/wiki/Technology_adoption_life_cycle https://en.wikipedia.org/wiki/Technology_adoption_life_cycle

SQueeeeeL 7y ago

No, companies who produce mission critical products like chemical modeling and database systems are always going to critical. A product can be essential and still made out of 1s and 0s.

pessimizer 7y ago
> products like chemical modeling and database systems are always going to critical. I don't think they will ever represent "most tech companies," though.