Twenty-five years ago, the first Dot-Com, “symbolics.com”, was registered. Even though this dot-com is no longer operating, it marked the beginning of a revolution. Commercial internet has become the economic force of our time that represents $1.5 trillion in annual economic benefits to businesses and consumers and this is just the beginning.
Seventy-five percent of the world population is still not using internet and only around 30% of the Americans are buying things online. This indicates that commercial internet has a huge potential to grow.
Internet is also starting to become ubiquitous, in that even McDonalds, airports and train companies are thinking about offering wireless access to internet. Moreover, many new products have been released in the last couple of years such as smart phones, netbooks, tablet PCs. All of which have numerous applications.
Rob Atkinson - Founder and President of The Information Technology and Innovation Foundation, a Washington, DC-based think tank - described what he thought would be the changes in the next 25 years of the commercial internet. He foresees faster, more energy-efficient, less expensive and even wearable computing systems that apply the technology of augmented reality. He also stresses that nations must do everything they can to support this dot-com economy as it has already generated many new products, services and business models and promises to bring about many new innovations.
By Liselotte David
Source: BusinessWeek
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