Wednesday, September 13, 2006

Cheap Revolution

"Affordable technology combined with global pools of smart labor form a Cheap Revolution."

Source: http://www.forbes.com/columnists/forbes/2005/1017/039.html

Forbes magazine's publisher was the first to write about the Cheap Revolution in his column. There's an amazing article on it in the current issue of Forbes, I highly recommend it to anyone who wants to know how technology will develop from now on, and how a careerist or businessperson can take advantage of that new trend.

The Cheap Revolution basically says that technologies are fast becoming cheaper, even corporate software applications like SAP and SAS. Corporations are now realizing that by turning to open-source software, they can save up to 90% of the technology cost.

Meanwhile, many top coders at companies like BEA, Sun Microsystems, Microsoft, etc. are leaving their corporate employers and setting up their own cheaper-software firms, to compete directly with their former employers!

As I wrote before, talent will soon trump technology and capital.