Did COVID transform Tech?

The COVID-19 pandemic will last ~18 months, but how long will the impact to the technology industry last? 

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SHOW NOTES:

• How COVID changed on people work (Pew Research)
• Remote Work Trends and Stats
• Google to invest $7B in post-pandemic offices
• Microsoft report on post-COVID "Hybrid Work"
• Stocks with enough cash to outlast COVID-19

HOW WILL COVID CHANGE THE TECH INDUSTRY?

REMOTE WORK and COLLABORATION

• The foundational tools are in place (GitHub, Zoom, Slack, Jira, Public Cloud) but are they really designed for large # of remote workers collaborating? 
• Event sign-ups were up 5-10x, but have people actually been consuming the content? 
• Will companies continue to encourage and support remote workers, or do we see a boomerang in late 2021 and 2022? 

MORE RAPID ADOPTION OF THE PUBLIC CLOUD

• Less people in the office, so more adoption of public clouds?
• Public clouds grew, but not at faster rates than before - 2021/2022 might be better indicators, as 2020 had “budget concerns” for many companies (uncertainty)
• More adoption of SaaS-like offerings (be near the clouds, align buying models, more flexible)
• Acceleration of more agile approaches, as the world becomes more polarized - hence stability may be shorter intervals? 

WHY DIDN’T THE CLOUD PROVIDERS DO MORE?

• Cloud providers have massive cash reserves (Microsoft, $137B, Google $112B, Amazon $50B), but no major acquisitions.
• Nobody has initiate price-wars, but we are seeing more long-range ELAs announced

WHERE IS THE “NEXT BIG THING”?

• 2006/2007 - iPhone, AWS launch ; 2008 Financial Crash
• 2020 - ???

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