Abhisek Mukherjee: “The next generation of IT CEOs must be master integrators. Only those who can derive synergistic value from amalgamations of consulting, design, analytics, and engineering will succeed. Three trends underpin this assertion: First, business and technology are now interdependent. Five years ago, it was possible to build growth strategies for a railway company or a retail conglomerate without focusing on the technology…Second, IT budgets are getting distributed to business CXOs…Third, companies which directly impact the client’s business outcomes are valued higher.”
Economist: “For Meta and Google’s corporate parent, Alphabet, the cyclical problem may not be the worst of it. They might once have hoped to offset the digital-ad pie’s slower growth by grabbing a larger slice of it. No longer. Although the two are together expected to rake in around $300bn in revenues this year, sales of their four biggest rivals in the West will amount to almost a quarter as much. If that does not sound like a lot, it is nevertheless giving the incumbents reason to worry. Five years ago most of those rivals were scarcely in the ad business at all. What is more, as digital advertising enters a period of transformation, the challengers look well-placed to increase their gains.”
Greg Consiglio: “With web3 you can put assets on the blockchain. I can own an asset that is tied to a brand I love and use or trade that asset to another member of the community. That’s an evolution of traditional loyalty: I can earn my status and use my status but I don’t own my status. It may seem like a minor distinction, but I don’t own my airline miles, I use my airline miles, but my status is something that I could sell to someone else if I don’t want to use that airline anymore.”
Paul Graham: “Great work tends to grow out of ideas that others have overlooked, and no idea is so overlooked as one that’s unthinkable.” [via Shane Parish]
