It is the beginning of a major upgrade cycle.

Jordan Jacobs Senior Director, Worldwide Partner Programs at Veeam Software have a very interesting vision about the next era of software in an article for Radical Reads.

I present this information to you because it provides a very clear picture of the current moment and directs our gaze to the possibilities that open our way.

The infrastructure of 1s and 0s that has powered the digital age and created trillions of dollars in value and productivity – is at the beginning of a major upgrade cycle. Over the next decade, virtually every bit of software will be replaced by Artificial Intelligence (AI). The implications for our world and the global economy are profound.

Traditional software is hard-coded and static. Once shipped and deployed, it never improves until the next version is shipped and replaces it. Soon, all software will be powered by AI that learns and improves, often in real-time. Built around learning algorithms that adapt to new situations, AI software is more efficient and effective. This is particularly true for generative AI, which can create new data or software code on its own, without the need for human input. 

ChatGPT is just the tip of the iceberg. This coming software replacement cycle will have an extraordinary impact on our economy. Incumbent software companies will soon be forced to produce upgraded AI software or face new AI-driven competitors offering far superior solutions. AI software can do things either so much better than before or, in many cases, things which software has never done before. Consequently, incumbent businesses in every industry will need to adopt new AI software to stay ahead of both their existing competitors and new entrants who are AI-native.

I appreciate this point of view and the changes that Radical Venture started many years ago to prepare. He also emphasizes that was just the warm-up. What comes next will change everything.