Tech’s narrative is reaching its end, with Silicon Valley’s “move fast and break things” mantra no longer holding sway. The sector is shifting from a growth-focused model to one centred on sustainability, with the emphasis now on tech’s integration into society. This change is reflected in the public’s attitude, with increasing scrutiny and scepticism towards tech giants and their societal impacts.
The tech bubble is also bursting, as seen in the declining valuations of tech unicorns, and the public’s disillusionment with tech’s promise to solve all societal problems. This is not necessarily a bad thing, as it paves the way for a more mature, sustainable tech industry.
This evolution is also visible in the shift from a binary, winner-takes-all mentality, to a more complex, nuanced view of tech’s role in society. It’s no longer about who’s the next Google or Facebook, but about how tech can be used responsibly and ethically.
In this new era, tech companies will need to demonstrate their commitment to their social and environmental responsibilities. They will also need to be more transparent and accountable, showing how they’re using their power and influence for the greater good. This is the new tech story, one that’s about integration, responsibility, and sustainability.
Go to source article: https://medium.com/newco/the-tech-story-is-over-2446fcd75087#.rzezc4op9