![]()
Internet
Editorial E-commerce
continues to grow and develop beyond the expectations of just about
everyone. Many are trying
hard to understand and fully grasp what it's all about and the new
opportunities it presents. Countless
business people are confused by it all and even find the idea of doing
business transactions on the Internet unsettling.
A friend, Joel Orr, recently compared it to a dog watching
television. The dog is
fascinated by what he sees, but he doesn't have a clue what's going on.
Few
new developments have caught us by surprise and moved at such a break-neck
pace. Typically, we get a
glimpse of a new class of product or service, but we are then given years,
often a decade or two, to fully absorb it while it develops into something
commercially viable. Not so
with the Internet. True, it's
been around for more than a decade, but few people realized the impact the
World Wide Web would have in an amazingly short time. According
to a story in the 6 June 2000 issue of USA Today, the Internet
industry has added 650,000 new jobs in the USA alone.
A study, funded by Cisco Systems and conduced by the University of
Texas, found that the Internet economy in the USA accounted for nearly 2.5
million jobs and almost $524 billion in revenue last year. This means that the Internet economy employs more people than
the insurance or public utilities industries and twice as many as the
airline industry, according to the article.
"The growth of Internet-related jobs is startling when
considering that the Internet as a business driver is in its
infancy," the study said. Indeed,
this "thing" we call the Internet is moving much faster than
most of us can comprehend. High-speed
Internet connections have contributed dramatically to its effectiveness.
For some time, 256 kilobits per second connections have been
available in the USA for under $20. This
makes surfing the web not only bearable, but enjoyable.
The much bigger challenge, however, is to begin to appreciate the
business opportunities that the Internet presents to rapid prototyping
users, producers, service providers, material suppliers, researchers,
educators, and consultants. That,
my friends, is going to take time, although it too may occur much faster
than most of us anticipate. |
||
|
|