What makes software great?

This is best answered by innovation themes that are impacting the future of all industries:

  • The future of work
  • The future of education
  • The future of transportation
  • The future of payments
  • The future of communication
  • The future of ________________

The reality is that software has driven most innovations and advancements in capabilities, connectivity, communication etc. There was a time where the expectation was that every company would be a software company. It then evolved into the expectation that every company will be a data company and an intelligent company driven by the advancements in software and the methodologies and opportunities of better data capturing processing and analysis.

Software and data, and its ability to talk with the world around it through hardware, have transformed our way of doing things and behaving. In some regards, it made it more convenient (e.g. Zoom/MS Teams allowing us to talk to people across the globe within seconds).

Using Palantir as an example company helping industries transform through knowledge management:

This is because the software was the means through which processes could be automated, improved and done better. This does not eliminate the human touch; however, it made the human element more focused and made it better, stronger and faster.

It is flexible, powerful and scalable. It is used to entertain, discover, learn, communicate, and drive interaction capabilities to people who are limited to act through normal physical channels. In many ways, the software has unlocked potential. I understand that with great power we got great challenges too, however, I prefer to focus on the strengths and work to manage the less positive sides of it.

In the context of business, the future belongs to those that put technology at the centre of their outlook, capabilities and leadership mandate:

Value of technology

And if you want to understand what makes software and data great for businesses, analyse its impact across the business assets:

Business Assets

Its impact is profound, and I am sure that with the emerging compute power we are in for some serious innovation in the coming decade!

This post and the information presented in newsletter, events and website content are intended for informational and entertainment purposes only. The views expressed herein are of the author alone and is not a recommendation of an investment strategy or to buy or sell any security, digital asset (including cryptocurrency) in any account. The content is also not a research report and is not intended to serve as the basis for any investment decision. While certain information contained herein has been obtained from sources believed to be reliable, neither the author nor any of his employers or their affiliates have independently verified this information, and its accuracy and completeness cannot be guaranteed. The content is not legal advice. Any third-party information provided therein does not reflect the views of andremuscat.com. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, timeliness or completeness of this information. The author and all employers and their affiliated persons assume no liability for this information and no obligation to update the information or analysis contained herein in the future.

What makes software great?

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