I recently read the book DotCon. It's quite an enjoyable read because the author adopts a slightly mocking tone of voice about big predictions like "The Interne

I recently read the book DotCon. It's quite an enjoyable read because the author adopts a slightly mocking tone of voice about big predictions like "The Internet will replace print media and even TV". Seemed ridiculous and yet gen Z and younger now get their news from Tiktok and would rather watch YouTube than a movie. What really got me was how both the bullish and bearish views were correct. In 1998 people knew we would eventually watch media over the internet, but it wasn't until after 2020 that my dad would open Netflix first instead of regular TV. In 2020 I saw a whole bunch of businesses scramble to accelerate their "digital transformation" and try to figure out "APIs" and "mobile". So if it took the pandemic for businesses to wake-up to computers and the internet, how long will it take for existing businesses to overcome the organisational inertia to adopt AI? In reality, existing profitable business models will chug along and slowly see their margins erode as new young businesses come along and eat their lunch. Just as Amazon continues to ride the "simple" idea of putting the computer at the centre of a retail business (and decades of good execution) while many old school retailers are still struggling to catch up.