Link: How fast is fast?
This was an interesting piece which essentially painted Netflix as a dinosaur of the video content industry. Makes you think just how fast the world of connected services is moving. We all talk about the pace of innovation and how daunting it is to stay competitive, but that pace seems to be accelerating along an exponential curve, the impact of which no one quite grasps just yet. While Netflix signaled the displacement of a model that had been in place for more than 40 years, Netflix itself is being displaced in under 15. And the model that displaces Netflix may become obsolete in even shorter time.
This all underscores the point that many of the ingredients that went into recipes for business success since the end of the Industrial Revolution are being replaced extremely quickly. Now more than ever, new and relevant ideas are the currency of the connected world.