As the “Fang” stocks (Facebook, Amazon, Netflix, Google), power the US stock market to even headier heights, it’s easy to get carried away with the idea that technology companies are the only game in town. But the bigger truth is that every business now has to be a technology business if it wants to succeed.
Take the Fangs themselves. While you might class Facebook and Google as pure-play tech companies, Amazon and Netflix offer traditional products through a new channel. Much of what they offer isn’t new at all.
Having spent the summer in San Francisco, I’ve seen countless businesses that hope to follow this example. Whether you need a pet pooch or a set of furniture for the afternoon, a tech-enabled...
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