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Data, not software, paves the road to riches

The Register - Matt Asay - Open...and Shut  For those who believe software is a quick road to riches, think again.

As RedMonk analyst Stephen O'Grady detailed in his Open Source Business Conference keynote, the top 20 software companies are relatively low on Fortune 500's totem pole of revenue, and not a single one lands in the top 10. And of the top 20 companies on PwC's list of the top 100 software companies, not a single one of the top 20 has been founded in the last 22 years. Their average age? 47 years.

What this means is that if you want to make a boatload of money in software, be prepared to spend decades getting big enough to catch the world's attention. What the data also suggest, however, is that there are far better ways to make money than through software.

Like data. Or, really, anything else.