Unverified50% confidenceOpinionExact time
The cost of replicating software is declining, and mere feature replication will find it increasingly hard to constitute a moat; software value is migrating from 'what features are implemented' to 'what is layered on top of the features' (data, ecosystem, reliability, compliance, user experience, iteration speed).
1
Sources
50%
Confidence
Medium-term (~90 days)
Relevance
10/13/2026
First Seen
Valid until: 1/11/2027
Sources
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