A Quarter Century of Dot-Com
Approximately 25 years ago to the day a revolution was started by the first dot-com, “symbolics.com”. Despite the dot-com bust 10 years ago, the internet is still an incredible economic force, and only getting bigger… The internet has been delivering $1.5 Trillion to thousands of businesses and consumers/customers all over the world. In addition, it has changed other aspects of daily life, including politics and everyday life in societies.
A truly remarkable aspect of the internet to make note of is that roughly 75% of the world’s population still does not use it. According to an online source, about half of small businesses in the US have websites, and less than a 1/3rd of Americans purchase things online. So you can see how far the internet revolution has yet to go.
It’s interesting to think about it this way; It’s hard to foresee what the ‘future’ of the internet might be in say, 10 years…We can foresee the following: Most probably faster broadband service, more affordable and accessible technology, and economic growth, enabling billions more people around the world to join the dot-com economy.
You can get a glimpse of where the internet is going with the range of relatively new products being launched in the past few years such as smartphones, netbooks, and tablet PC’s, to name a few. “Point and Think” will soon replace “Point and Click”. An important thing to note is that governmental policies have to be on board for this advancement as well, enabling wired and wireless broadband technology.
The dot-com economy is a dream come true for people especially entrepreneurs, and everywhere you go things point to the fact that this is just the beginning.