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I think it is more fair to say that traditional companies are evolving into tech companies. Every "non-tech" company I've worked for in the past 10 years have h

I think it is more fair to say that traditional companies are evolving into tech companies. Every "non-tech" company I've worked for in the past 10 years have had a big push to get more digital, which has meant hiring software developers, IT people, setting up dedicated divisions to various IT tasks.

uoaei 3y ago
That doesn't make them tech companies so much as it dilutes what "tech" means.
- TrackerFF 3y ago
  What is even a tech company these days? Hosting a digital product that is able to scale to hundreds of millions of users?
  - ioblomov 3y ago
    Always thought of a “tech” company as one whose bread and butter directly depend on shipping software and/or hardware. By this definition, all of the “magnificent seven” mega-cap tech-centric companies qualify, though admittedly old media morphing into streaming companies muddies things a bit. Maybe a useful qualifier would be whether the business could exist without computers. So while the everything store of Amazon, for example, was in fact preceded by Sears’ mail-order catalog, its AWS division could have no reasonable analog analogue, putting AMZN solidly in the tech category.
j45 3y ago
Nearly every business uses software on phones or computers. In that way every business is a software business and if they’re serious about their business they will find ways to be a software and tech business to get things how they want or need for their competitive advantage.
shagie 3y ago
Forbes and friends dust this article off with some updates every few years - https://www.forbes.com/sites/forbestechcouncil/2017/01/23/why-every-company-is-a-technology-company/?sh=63f1b24357ae https://www.forbes.com/sites/forbestechcouncil/2017/01/23/wh... > Every company is a technology company, no matter what product or service it provides. The companies that embrace this fact are the ones that shape our world. > Today, no company can make, deliver or market its product efficiently without technology. While smart phones and the internet used to be cutting edge, these days, new application code release dates and time to market for new technologies are shrinking. This is forcing companies accustomed to a four-year release cycle to adopt to change faster. Businesses must learn how to integrate technology release cycles into their production and service cycles. (and an earlier version of it) https://www.forbes.com/sites/oreillymedia/2014/05/13/every-company-is-a-tech-company/?sh=37d28f6420a0 https://www.forbes.com/sites/oreillymedia/2014/05/13/every-c...

uoaei 3y ago

That doesn't make them tech companies so much as it dilutes what "tech" means.

TrackerFF 3y ago
What is even a tech company these days? Hosting a digital product that is able to scale to hundreds of millions of users?
- ioblomov 3y ago
  Always thought of a “tech” company as one whose bread and butter directly depend on shipping software and/or hardware. By this definition, all of the “magnificent seven” mega-cap tech-centric companies qualify, though admittedly old media morphing into streaming companies muddies things a bit. Maybe a useful qualifier would be whether the business could exist without computers. So while the everything store of Amazon, for example, was in fact preceded by Sears’ mail-order catalog, its AWS division could have no reasonable analog analogue, putting AMZN solidly in the tech category.

j45 3y ago

Nearly every business uses software on phones or computers. In that way every business is a software business and if they’re serious about their business they will find ways to be a software and tech business to get things how they want or need for their competitive advantage.

shagie 3y ago

Forbes and friends dust this article off with some updates every few years - https://www.forbes.com/sites/forbestechcouncil/2017/01/23/why-every-company-is-a-technology-company/?sh=63f1b24357ae https://www.forbes.com/sites/forbestechcouncil/2017/01/23/wh... > Every company is a technology company, no matter what product or service it provides. The companies that embrace this fact are the ones that shape our world. > Today, no company can make, deliver or market its product efficiently without technology. While smart phones and the internet used to be cutting edge, these days, new application code release dates and time to market for new technologies are shrinking. This is forcing companies accustomed to a four-year release cycle to adopt to change faster. Businesses must learn how to integrate technology release cycles into their production and service cycles. (and an earlier version of it) https://www.forbes.com/sites/oreillymedia/2014/05/13/every-company-is-a-tech-company/?sh=37d28f6420a0 https://www.forbes.com/sites/oreillymedia/2014/05/13/every-c...