Visa Inc. (NYSE: V), a global payments technology company, today announced the opening of a new global data processing center in North America. Concurrently, Visa implemented several IT enhancements, chief among them the implementation of a new operating system that underpins VisaNet, its global transaction processing network.
GE is not alone in upping its bet on software-driven innovation. Today, a Tesla car has more lines of code than macOS or the Windows Vista operating system. However, the fact is that many companies that have made their fortunes outside of high tech—in medical devices, retail, and other analog industries—have been slow to catch on to this game-changing shift in what drives sustainable innovation, the shift from creating physical goods and experiences to smart software development.