Not only this, but they’re doing to precisely to help themselves innovate in the long run, and this could have a profound impact on the world we live in 5 years from now. Yet even the companies which eventually usurped them to become the technology giants of today (the likes of Oracle, Google, Facebook, IBM and Salesforce) still held onto the premise that their underlying technology was such a key differentiator that keeping it secret was imperative for staying ahead of the competition.Īfter all, if Google would allow companies to know how it’s search algorithm worked, it would be like Coca-Cola publishing their secret recipe!īut what most analysts aren’t talking about is a growing trend that many of these same companies are releasing some of their most cutting-edge technology for the world to tinker with. This made many of the original tech giants like Wang, Computer Associates, Sun Microsystems, Compaq and DEC into industrial-scale billion-dollar IT companies.Īll of those companies were eventually disrupted by smaller, more nimble startups and the growth of the internet, eventually going bankrupt or being acquired for a fraction of their previous value. Once a customer had signed a contract, they would become reliant on the tech company to provide expertise, training, management and support. ![]() When I was growing up, the largest technology companies in the world dominated their industries with a simple premise: stay in control of the customer, and keep your technology secret. But what most people know is that over the past 10 years, many of them have fundamentally changed their strategy, allowing anyone and everyone to access their most advanced technology, often for free. Silicon Valley is home to some of the biggest and most innovative companies in the world.
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