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What Is And Is Not A Technology Company

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11–20 of 32 posts

Re: What Is And Is Not A Technology Company

#11
Depends on your point of view.

Is Best Buy a tech company? If you're talking about the stock market, probably - their fortunes align with tech. If you ask me, a potential employee, I would say no. Their focus isn't in developing tech, it's in selling it.

As an employee, I'm more interested in what your employee pool does when determining if it's tech or not - not what you're selling.

Re: What Is And Is Not A Technology Company

#12
post #4

Most companies are "Technology Companies" because they would fail to function in a meaningful way if their technology no longer functioned correctly. To divide companies in the way the author has is perfectly reasonable, as are many other arbitrary lines in the sand.

But I fear that definition does just what the article decries- lumps too many companies into the "Technology Company" category. For example, all of the banks in my town fail to function in a meaningful way when their technology no longer functions correctly: the data line goes down, they can't cash checks; all the PCs go down, they can't accept deposits ... never mind that 30 years ago there were still banks doing every thing on paper because no one is trained to Do The Job now, they're trained on how to operate the software.

Re: What Is And Is Not A Technology Company

#13
post #11

Depends on your point of view. Is Best Buy a tech company? If you're talking about the stock market, probably - their fortunes align with tech. If you ask me, a potential employee, I would say no. Their focus isn't in developing tech, it's in selling it. As an employee, I'm more interested in what your employee pool does when determining if it's tech or not - not what you're selling.

In terms of business speak, BestBuy is in the services sector and in the business of retail. I think most would qualify it as an electronics retail company.

Re: What Is And Is Not A Technology Company

#14
Kevin Kelly's book What Technology Wants defines technology very broadly, so that it includes just about anything invented by humans (i.e. not already in the cosmos prior to humans), including language and sewing machines. That makes a lot of sense, but it doesn't reflect popular usage.

My favourite definition, because it aligns most closely with typical usage:

"Technology is a word that describes something that doesn’t work yet."

— Douglas Adams

Re: What Is And Is Not A Technology Company

#16
post #8
post #3

Earlier quoted context omitted.

You could say the same about the UX for any company that sells primarily online. I think the author's point is that just depending on a website as a critical part of your business doesn't make your business a technology business, anymore than having a fleet of delivery trucks makes a furniture store a transportation company.

Couple of things: If a furniture company is unable to function without having an in-house fleet of trucks (as opposed to outsourcing it to a transportation company and/or contracted drivers), then they are really a logistics and transportation company (which could readily start selling or transporting other goods, if they so wished). If whether or not they did this in house didn't make a visible impact on their growt…

If a furniture company is unable to function without having an in-house fleet of trucks...then they are really a logistics and transportation company...

Perhaps, but we would still refer to them as a furniture company until they started selling something else. The author's point is that the term 'tech company' has become a meaningless distinction when the 'tech' in question has become ubiquitous.

Re: What Is And Is Not A Technology Company

#17
I think a software-centric company is more in the "technology" company mold if they have secret sauce somewhere in their apps that give them an edge and the implementation of said secret sauce is not necessarily something that is obvious from the end effect of their app(s).

That is, you couldn't just hand a spec of the company's app to another group of generic developers with the full expectation that it could be reliably replicated in due course.

So some of the magic is in the underlying algorithms - this is what I call a technology driven company, as opposed to a market driven company, wherein the magic is in recognized some business opportunity in the market and applying rather mundane, if laborious, software solutions to them.

This is a spectrum, few, if any companies, are purely one or the other.

Another good test is whether the engineers are considered a profit or a cost center and how the company treats them. This applies more to bigger, established companies rather than smaller companies that may have been started up by engineers even if they are fundamentally market driven.

Re: What Is And Is Not A Technology Company

#18

Was/is Pixar a technology company? Or were/are they an animation studio?

I think Pixar is similar to Apple, who Alex addressed:

Apple is a technology company thanks to some of its lines of business (hardware, software), but is not a technology company in all of its lines of business (music, movies, books).

i.e. Pixar is a technology company thanks to some of its lines of business (e.g. RenderMan), but is not a technology company in all of its lines of business (e.g. Toy Story).

Re: What Is And Is Not A Technology Company

#19
post #14

Kevin Kelly's book What Technology Wants defines technology very broadly, so that it includes just about anything invented by humans (i.e. not already in the cosmos prior to humans), including language and sewing machines. That makes a lot of sense, but it doesn't reflect popular usage. My favourite definition, because it aligns most closely with typical usage: "Technology is a word that describes something that does…

Technology is anything invented after you were born.

Re: What Is And Is Not A Technology Company

#20
post #6

The "software is eating the world" meme when put into perspective is like saying "accounting practices are eating the world" or "sales strategies are eating the world" in 99% of real world cases. In most businesses, software has become another staple support of a competitive business but it is not an end in itself. In other words, software is a means of trying to achieve maximum efficiency of existing processes and t…

Accounting and sales is now done with software. And not only "done with software", but with increasing amounts of domain and business knowledge embedded in the software.

That's what "software is eating the world" means. It isn't just that every business needs software in some vague sense, it's that every thing the business does has software in its foundation. Accounting, sales, billing, analysis, development, logistics, pretty much everything except high-level executive vision.

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