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Why Large Enterprises Are Becoming The Center Of Innovation Once Again
Over the past few decades, we’ve come to glamorize the garage (or WeWork) startup. These days, parents take the same pride telling their neighbors that their progeny have gone to work for some fledgling enterprise that used to be reserved for a job at IBM or General Electric. Today’s celebrity CEOs tend to be founders.
We can expect that to change in the years to come. The end of Moore’s law will mean that the technologies of the future will be far more complex, less understood and more capital intensive. Large, well resourced organizations, including government entities, are much better positioned to develop these technologies than startups are.
However, this will be no return to the age of robber barons. One thing that past decades have taught us is that walled gardens are a fool’s errand and cloud computing has made them even less tenable. So it’s becoming increasingly important for large enterprises to partner with entrepreneurs and vice versa. Collaboration is quickly becoming a key competitive advantage.
A New Era Of Innovation
Over the past few decades, we’ve been in the midst of a digital revolution. Every few years, a new generation of chips would emerge, opening up new possibilities. Firms would scramble to leverage these…
