The Technological Convergence Is Here

In considering current market conditions and near-term growth from a technological standpoint, it is essential to first ask the question: what is happening? The world is moving faster, people are more enabled/connected today than ever, and fear of missing out is as central socially today in society as it is for companies – who do not want to lose customers. If one can agree with all that, then one might also agree with the following: this is the age of the customer, and therefore convergence of technologies in order to serve the customer is still happening. Understanding how the long arc of technological revolutions and financial capital matters as well as where one is in history – the fourth industrial revolution (though Carlota Perez argues this is in the fifth). The fourth industrial revolution is centred around IT. The long wave of financial capital is marked by two phases – an installation period and a deployment period.