The popular science fiction show Star Trek depicted early versions of Skype, cell phones, solid state storage, super computers, and more. However, the ability to give voice commands, one of the most widely used pieces of technology on the show, has been slower to make it into the real world and realize its enormous potential.
Analysts have theorized as to why larger companies seem to have a much harder time extracting gains from new technologies than smaller companies do. At first glance, they should be much better at it: they have the money to hire experts and staff to run the systems, and they have the largest gains to be made from digitizing portions of their businesses.
The creators and supporters of new technology enjoy predicting the demise of the old guard and, occasionally, these predictions are correct. Telegrams, printing presses, and coal powered vehicles have all been relegated to museums or remain in use only to lure sightseers and holiday goers. However, in most cases, new technologies don’t spell the end of established technologies.