There’s a charming account of meeting the two-men-in-a-booth that was Yahoo! in 1995 on the HBR Editor’s blog. Lew McCreary uses the anecdote to reflect on how, distracted by the shiny things of the moment we can miss the true significance of revolutionary changes grinding their way onwards in the background.
In this case, he was fixated by Yahoo! and the consumer web while the biggest revolution was the less glossy, but far more significant transfer of business-to-business processes onto the web.
That fickle cycle continues. Each shiny new thing has its season of fervor, then interest clicks elsewhere. Meanwhile, the more momentous change occurs with far less drama. Don’t misunderstand me—the consumer Web is not chopped liver. But the economic value and enhanced capability produced through migrating every conceivable type of business activity to internet protocols dwarfs that of 1995’s shiny new thing. And most of us didn’t have a clue.
What are we missing right now, I wonder?
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