Highlighting Ten Tech Transformations of The Last Decade
If there is one industry that is constantly evolving then it’s Tech. You never know what to expect and this means we are usually shooting in the dark when we predict future tech trends. So, for this post, we thought we should go in the opposite direction and look at some of the biggest tech transformations that have happened in the last 10 years.
The end of the Steve Jobs era. On June 7 2011 Steve Jobs made his last public appearance as head of Apple. The man that took over was Tim Cook and to say that he has stepped up in his role as CEO would be an understatement.
The evolution of the iPhone. When Cook took over Apple, iPhone 4 was the hot deal. Now, 10 generations later, the iPhone 12 is the must-have device boasting of significant advancements in its processor and a plethora of new features such as Siri, Touch ID, Face ID, 4K video recording, and 5G support.
The Rise of Tesla. Ten years ago, the Roadster was the only Tesla model in the market. Now, there are 4 models available and almost every automaker is talking about or has already embraced the manufacturing of electric cars.
The Rise of Amazon. In 2021 it’s almost guaranteed you will come across an Amazon van on any street you turn in all major cities across the US. This was far from true 10 years ago. During this period, Amazon has also launched Amazon Web services, a cloud computing solution that currently accounts for more than 10% of Amazon’s total revenue.
The emergence of trillion dollars companies. In 2011, companies with a market value of a trillion dollars simply didn’t exist. In 2021, we have four tech companies that are worth over a trillion dollars They include Apple, Google, Amazon, and Microsoft.
Silicon Valley - US government relationship. In 2011 Obama had a sitting with the big boys at Silicon valley including Jobs and Zuckerberg in which they agreed on a mutually beneficial relationship. Donald Trump changed all that in 2016 and now, how major tech companies regulate or don’t regulate their operations over the next years will be interesting to watch.
The rise of Netflix. As of January 2021, Netflix had 203.7 million subscribers. This makes it hard to imagine that it’s the same company whose business model comprised renting DVDs.
Increased diversity in the tech industry. The industry has come a long way from a male-dominated field to include more women and black workers. This is largely thanks to the 2016 #Metoo movement and the more recent Black Lives Matter movement in 2020.
Bitcoin. 10 years ago Bitcoin was still in its infancy and nobody including its creators would have imagined it would reach its current level. The crypto is currently trading at over $50,000 and is an accepted currency by major corporations including Microsoft and Tesla.
Uber. In 2011 Uber was still a service for renting black luxury cars. 10 years later the company now stands as the dominant and one of the cheapest ride-hailing services an has also diversified into other services such as food delivery, package delivery, and freight transportation.