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In the Future, Will Software Be More Important than Hardware?

From talent wars going on in Silicon Valley for software engineers, to the hundreds of thousands of new smartphone applications coming online, it’s not far-fetched to believe that software rules the world today and will continue to rule in the future. However, some hardware makers strongly disagree- that it’s the physical design, construction and production of the device, machine or infrastructure that will take precedence. Who holds the future – hardware makers, software makers—or both?