Or will I have invested in an expensive, unneeded capability, absorbing resources that could have been used more productively elsewhere? For a small firm or organization, do I really need the latest and best iteration of a technology? If I’m an influencer, do I need to promote the latest technology to remain trendy and popular (or will I be labeled a member of the dorky dad club if I don’t)? Most visible are the dangers of technological black holes draining resources and attention (what are the opportunity costs in terms of how the resources might otherwise have been used?). More insidious is “forced obsolescence,” where firms stop supporting and updating old products.

Source: New York Times May 23, 2023 21:16 UTC