Remember convergence? In the 1990s’ tech boom the concept was all the rage. It was the simple idea that rapidly-advancing communications would see once-discrete platforms and information systems like TV, the printed word and telephones merge and dynamically share data in an economically seismic fashion.
What happened next says a lot about human nature, business and the whimsy of prediction. The internet bubble burst and such utopian visions were suddenly crazy. One received wisdom replaced another. Except convergence was one of the most accurate forecasts ever made about industry – it just took technology another three years to catch up with the hype. The fundamentals prevailed.