Just about 10 years ago, the majority of the world’s most valuable companies were largely big oil and multinational conglomerates. Things have changed since then. In the past ten years, tech has taken over the world disrupting a series of industries.
Smartphone, which was not invented ten years ago, has changed the way we operate, communicate, and purchase. Facebook has changed how we make friends, spread ideas, advertise, and even do commerce. A host of other industries including Auto, power, and transportation is now on the verge of change.
Not only that, we are seeing an ever increasing number of technology companies to come to exist, the value of tech companies, both in public and private market, has increased manyfold. As of August one, four of the world’s most valuable public companies are tech giants.
This, needless to say, is a sign of the beginning of a more dominant shift in how the world works. A new breed of technology companies powered by innovation and scale is set to change the world as we know it.