Why Software Is Eating The World

An anonymous reader writes "Web browser pioneer Marc Andreessen writes in the Wall Street Journal that software is 'eating the world.' He argues that software's importance to the economy is being underestimated, and will become much more evident in the near future. Quoting: 'But too much of the debate is still around financial valuation, as opposed to the underlying intrinsic value of the best of Silicon Valley's new companies. My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy. More and more major businesses and industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.'"

Why Software Is Eating the World

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