Created Quote by Michael J. Saylor
“The industries that fall first are the industries that either produce electromechanical items that are now inferior to their software substitutes, or the industries that produce a mechanically created service that's now inferior.”
About This Quote
Industries that rely on outdated mechanical products or services lose to software alternatives.
In simple terms: Old tech loses to software.
Key Takeaway
Adapt or risk obsolescence.
Themes
technology
economics
disruption
Mood
cautious
forwardlooking
Type
analytical
strategic
When to use this quote
- manufacturing
- transport
- finance
- customer service
Key Concepts
innovation
creative destruction
Questions to Reflect On
- How can firms pivot to software?
- What barriers hinder digital transformation?
A Different Perspective
Transition costs can be high.
