The document discusses why cloud native applications are important. It notes that trends like low-cost computing, mobile devices, and ubiquitous sensors enable companies to build software that can reshape industries. It provides examples of how companies in industries like automotive, finance, and entertainment are building cloud native software to compete on business models, products, and customer experience. The document also discusses characteristics of cloud native applications like using microservices architectures and principles like the Twelve Factor App methodology. It emphasizes that cloud native approaches allow companies to develop and release software faster and more reliably at scale.