91–100 of 445 posts
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most people would be similarly surprised that $1T-market-cap microsoft is a business & enterprise software company, rather than a consumer one. it's ~80-90% of their $130B in yearly revenue (hard to get more precise because of the way they report their numbers).
That's not surprising to me personally, but I can see how it might be to the average person
I work for a Fortune 150 manufacturing company. When I started working here there was no IT group at all (it was all outsourced). The CEO and President said many times that we were not a software/technology company and that would never be a core focus. Nearly 2 decades later, technology is now listed as number 2 of our top 5 core focus. We are working on converting all contractors into full time employees. The IT gro…
What kind of manufacturing applications does IT manage?
Along with the comments about basic products being worth billions to sell.
Industries are deeper and wider than we assume, supposedly this is revelation for some?
Is there a name for laws that gratuitously reference themselves?
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Sure A tool where you are given a picture/scan of a table and it spits out a table that can be pasted into Excel. This was at a bank where numerous people spent half their days manually typing in scanned documents into the same table in Excel. You would double a $70,000 a year financial analyst's productivity with this. A portal to manage employee and employer documents. I.e where both you and your employer can easil…
That first one can be done with teseract ocr pretty cheaply. I think a lot of people just don't know how much software can do. You just need to standardize the form and then there's a human data validation step in there.
Our requirement was that the the software would need to read the number of separating lines in the table and output accordingly.
Maybe it can do this, idk. I was an intern at the time.
We were using tesseract for our attempt too.
I remember reading this article about SAP a few months ago, and it just blew my mind: https://retool.com/blog/erp-for-engineers/ Here was an entire market segment I'd never heard of, and just the market leader is worth $163B . And on top of that, the technology is so totally alien to anything I'd ever heard of before. It's like an alternate-history kind of thing. Like if we discovered a continent somewhere in the Pac…
Coming from the opposite direction (mgmt consulting for big corps -> startup), I was very familiar with the ERP concept, but am still super confused by the ERP market. Every so often I look for an ERP for our company, but am always disappointed by the options. It seems there's an uncanny valley between Quickbooks and SAP, but maybe the issue is just one of discoverability. We've slowly stitched together an assortment…
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Your firm (KP) does use SAP's BusinessObjects business intelligence software along with SAS analytics tools and to "support its data analysis activities against it's Oracle EHR system". Since you are in the machine learning silo, your perspective may be a little skewed.
To be fair BusinessObjects is not SAP. It's just one of its acquisitions.
Not just software, but everything. Look around you. Everything around you was made somewhere. The example I like to use is shower curtain rings. Those plastic or metal things that hold your shower curtain onto the rod. Somewhere, there's a factory that makes those. The person who owns that factory is probably rich. My first job out of college was working for a company that makes tilt-tray sorter systems. These are gi…
I like the TV Series “Rotten” on netflix... it basically shows every food, fruit, meat, vegetable, you name it, is actually heavily controlled by cartels and mafias. I had no idea there were mafia cartels that had wars about avocados .
"The Fish That Ate the Whale" by: Rich Cohen is a phenomenal read.
Thanks for mentioning ConvertKit! We're happily building our niche product for creators and growing quickly. Just a couple corrections, at the end of 2019 we were just under $20M ARR (Not $24M). Today we are at $22M ARR and 30,000 customers. You can see all our numbers (updated in realtime) here on Baremetrics: http://convertkit.baremetrics.com I'm happy to answer any questions.
The metal economy is huge. Almost every product requires metal. But metallurgists don't take home a big fraction of it. What's special about the software economy is that people who write the software take home a large fraction of it. Maybe more than half, depending how you count. Which is unprecedented. It's not just because software can be zero marginal cost. Musicians don't take home half of music revenue. In most…
What would cause it to not last outside of precedent? In all those cases, it sounds like middlemen exist that corner the end-market that you gotta go through to make big money. How would that even work with software in the age of the internet, open source, and commodity cloud infra?
I have this book from 1880 about steam locomotives, where the preface talks about how all the most ambitious people are going into steam engineering. Which they were, for a while.
The answer might be, until something better comes along.
I’ve had four jobs in my life and have always been stunned by what is still done by hand. Every company had a task which could be heavily automated but was instead consuming 4-30 people. So if you think the software market is large, consider all the stuff software never reached.
I've seen this even at technology companies. It's like our devs hours are valuable so we can't invest them in something everyone is comfortable doing with a spreadsheet already.
One company a friend worked for billed internal developers at twice what IBM would charge for projects.
At other companies, dev time is allocated without any kind of cost analysis whatsoever. It reminded our Romanian business analyst of the Soviet Union.