During the last year, we’ve seen how fast the sector has grown, and it is projected to reach more than a trillion in value by 2030. Nothing that you didn’t know about. But, isn’t the Valley just keeping appearances?
I recently wrote an entry giving you some reasons for migrating to the cloud as the owner of small biz. I’m aware of the many business opportunities that some cloud tech might help you get, however, cloud providers have not seen any big leap recently. They tweak some options, add a couple of cool features, and voila, there’s a new service for you to increase your invoice.
The majority of these features were already possible to be hand-made even on their platforms, they just simplified it and added some nice UI to it. Sometimes they just go and buy some startup app or work over an open-source project, and then leave the rest to their design and marketing departments to polish it and promote it.
At the beginning of the net, all the businesses did have to get creative with their architecture, deployment, and engineering. There wasn’t any alternative, those harsh conditions did stimulate some kind of innovation hardly possible to be replicated by the startup ecosystem these days, you could say that’s too easy for them.
Sure, products have seen quality improvement, we have time to talk about privacy and equality now that we don’t care about updating our data center but, if you go and check the strategic and financial planning from these organizations, you’ll find nothing great to be hyped about (I’m looking at you Coinbase).
Since some time ago, everything is either a platform or XaaS, from Uber to Chatbots and even Quantum Computing or Cyber-Security, nothing is resembling a revolution that might back those great speeches about innovation.
I’m not against the cloud, for me is one of the best things out there, and that’s my problem, we don’t have any other new business proposition that might challenge the status quo.
The results and applications from current AI and ML are the results of more than half a century of research. Have we reached a bottleneck of innovation because of the growth paradigm that has been introduced from Wall Street? Is it idle money that didn’t have a better investment vehicle?
Judge by yourself, by the time, is more alike to a translation of old business models and patterns to tech that is more accessible for non-technical people, rather than companies defying the world patterns.
Remember that doing business and developing solutions isn’t about earning money, is about solving a problem. If we focus on real challenges like climate change or space conquering instead of building the newer Facebook or Amazon, we might truly find the next big thing.