Much of the world around us has been formed around key pieces of infrastructure. Most see this as a testament to who we are as a society, and part of the cultural moorings we need to guide us into the future.
In general, infrastructure represents a long-term societal investment that will move us along the path of building a more efficient, better functioning, society. And usually it does … for a while.
But infrastructure comes in many forms and as we build our elaborate networks of pipes, wires, roads, bridges, tunnels, buildings, and waterways, we become very focused on the here and now, with little thought as to whether there might be a better way.
Virtually every piece of infrastructure creates jobs, revenues streams, and investment opportunities, as well as new laws, regulations, and industry standards.
The longer a piece of infrastructure is in place, the greater the resistance there is to replacing it. Much like an aging tree, the root system that feeds it becomes enormous.
That said, the life-cycle of infrastructure is getting shorter, and teams driving the disruptive technologies are getting far more sophisticated.
Infrastructure projects represent huge paydays for someone, and the disruptors are determined to make it their payday.