Every Company is a Software Company
Software has become fundamental to business success, with nearly 70% of top economic performers using their own software to differentiate themselves from competitors. This transformation is driven by three key shifts: accelerated adoption of digital products, increasing software-derived value across industries, and democratization of development tools through cloud computing and AI. However, the journey to becoming a software company requires overcoming significant challenges, as evidenced by the fact that less than 7% of global software revenue accrues to non-tech companies.
Success in this transformation requires fundamental organizational changes, including new skill sets, leadership approaches, and structural modifications. Companies must also effectively engage with the broader software ecosystem, which includes 30-40 million developers and citizen developers, to access necessary talent and capabilities. The research, based on analysis of over 20 software transformations and interviews with senior executives, provides a framework for companies to navigate this essential evolution in the digital economy.
Speakers
Jeremy is a Senior Partner at McKinsey and leads the Firm's Global Software Practice. He has worked with more than 70 software companies on their strategy, growth, and product development. He also co-founded the Firm’s Cross-Sector Software Initiative, which works with industrials, consumer companies, banks and others across industries to build software capabilities, offerings and businesses. Before McKinsey, Jeremy founded multiple technology companies, worked as a software developer, and authored a JavaScript programming textbook. He holds a BA from Yale University summa cum laude and an MBA with High Distinction from Harvard Business School.