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Originally, patents had a simple purpose: By filing a patent, an inventor or company showed how their new technology worked, in exchange for legal protection for the duration of the patent. billion , predominantly for the approximately $4 billion worth of patents it possessed around smartphone technology. Does this system still work?
To understand Samsung’s rise to dominance we have to go back to the turn of the new millennium when Apple released their first generation iPod in 2001, quickly followed by the iTunes store in 2002. Why be the assembler when you can be the Venture Capitalist behind the next big technology wave? mgriffin_uk . +44 44 (0) 7957 456194.
Failure to engage developers. The platform owner must also show softwaredevelopers what’s in it for them if they contribute. In 2013, Johnson Controls invited developers to help them build Panoptix, an energy efficiency platform for buildings and office space. Conceding defeat in 2002, eBay bought PayPal for $1.4
One answer to that first question shows up in study after study: superstar firms are succeeding in large part due to information technology. Industries with a higher share of IT workers saw more concentration between 2002 and 2007, even after controlling for M&A activity and several other variables.
Research by one of us (James) links this trend to software. Even outside of the tech sector, the employment of more softwaredevelopers is associated with a greater increase in industry concentration, and this relationship appears to be causal. Most industries in the U.S. IT Does Matter. That’s not how Vox Media does it.
While all of those perspectives are relevant, the most revealing aspect of GM’s announcement may well be what the layoffs say about broader technology trends. The mean digitalization score of workers in the advanced manufacturing sector, of which auto is a part, surged 60%, from 24 to 39 since 2002. What should be done instead?
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