Looking Back at the ‘Decade of the Cloud’
Future historians will remember the second decade of the 21st century as the time when cloud computing services dramatically transformed both the technology universe and the global economy.
I strongly recommend this excellent article by Jordan Novet of CNBC, in which he recounts the recent history of the cloud and its incredible impact on all of us in the tech industry.
“Dropbox and Slack became household names during the past decade, Salesforce gained enterprise ubiquity, and Microsoft and Adobe revitalized their businesses by shifting from packaged software to cloud-based subscriptions, lifting their stock prices to record highs,” writes Novet. “Formerly a side project, Amazon Web Services now generates $35 billion in annual revenue by allowing clients to offload their storage and computing needs to a third party, while ServiceNow, whose technology helps IT managers improve productivity, joined the S&P 500 last month after its market cap topped $50 billion.”
Without doubt, the past ten years have been an amazing ride for our industry. The cloud was a major driver of transformational change and it remains a huge part of the continually unfolding story. As I’ve written and said before, we’re only in the opening innings of a long and interesting game.
Reminder: California Consumer Privacy Act Goes Live on Jan. 1
California has enacted a comprehensive data-privacy law that goes into effect next week. I recommend reading this article for a quick review of how it will impact your organization.
“The most sweeping data-privacy law in the country kicks in Jan. 1. The CCPA, short for the California Consumer Privacy Act, gives residents of the Golden State the right to learn what data companies collect about them. It also lets Californians ask companies to delete their data and not to sell it,” writes Laura Hautala of CNET. “The full impact of these new rights isn't entirely clear because the regulations used to enforce the law are still being finalized. Still, companies inside and outside California are already scrambling to become compliant so that they can continue to do business in the country's most populous state.”
From my perspective, it seems likely that other states will follow California’s lead and adopt similar statutes to safeguard and regulate data privacy.
Tesla Stock Hits ‘Magic Number’
Elon Musk’s prediction that Tesla stock would rise to $420 per share was proven correct this week. After months of struggling, Tesla seems to have turned the corner.
“Rising sales lifted Tesla to a profit in the third quarter, it unveiled a fourth car for its model line, and it completed a factory in China, a market of vast potential growth,” writes Neal E. Boudette in the New York Times. “On Monday, its stock briefly reached a milestone, exceeding the $420 price that Mr. Musk once appeared to offer, before falling back.”
Musk tweeted posted a screen shot of the intraday chart showing Tesla’s rise, with the words, “stock art” above the chart.
Top Tech Blunders of 2019
This article in the MIT Technology Review is embarrassing, and absolutely worth reading. It’s a list of the top tech failures of 2019. The article serves as a healthy reminder that we always should proceed with caution when introducing or implementing powerful new technologies.
The list includes Boeing’s ongoing problems with flight control software, Samsung’s folding smartphone, Apple’s biased credit algorithm and an “open source” food factory at MIT that was apparently more hype than science. The list also features lesser-known stories involving gene editing, contaminated spacecraft payloads and shutdowns of Internet service to quell political dissent.