The author also outlines four pillars for the next wave of tech growth: seeking and scaling new growth, creating and delivering winning user experiences, powering your people, and unlocking value. The article concludes by emphasizing the need for companies to address operational efficiency, tech and organizational debt, and invest in capabilities required for future growth.
Key takeaways:
- The software and platforms industry is facing key barriers such as organizational silos, complex processes, tech and organizational debt, misplaced focus of engineering talent, and innovation atrophy.
- Generative AI is projected to be a game-changer for the industry, with global investments expected to reach $200 billion by 2025. It can help in reimagining processes, reducing operational costs, and improving user experience.
- Companies aiming for growth should focus on four pillars: seeking and scaling new growth, creating and delivering winning user experiences, empowering their people, and unlocking value from within the organization.
- Operational efficiency, addressing tech and organizational debt, and investing in capabilities like generative AI are crucial for companies to be well-positioned for future growth.