The Latest Chapter in the Digitization of the World
Since the commercialization of the Internet, our world has moved more efficiently, faster, and businesses are either innovating to stay relevant or risk being left behind.
The Dotcom bubble created a wave of wealth for those with the foresight to understand and capitalize on the Internet and digital revolution.
The historic crash that followed is still remembered, but it did not symbolize the end of the Internet of Things, rather the beginning of its next phase of evolution and adoption. For example, Facebook, Uber, and Alibaba emerged as the Internet began to leave a larger footprint on the population.
One can also argue that the 2008 economic crash helped reset the economy enough to bring in larger tech-based companies, pushing out smaller competition and obsolete businesses that were failing to keep up with the digital adoption trend.
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