Dave Shuker

Not since the dawn of the industrial revolution has technology disrupted the way the world works. The Internet removed obstacles, practically overnight, that businesses had to work around for hundreds of years: geographical constraints, long transaction times, and large inventory. Perhaps most significant, the Internet's free flow of information transferred economic power from the seller to the buyer. The evidence of the Internet's disruption is everywhere: e-businesses make up a growing portion of the economy, displacing companies that have been successful for decades; entirely new forms of businesses, such as e-marketplaces, are possible only because of Internet technology, and the market is looking for e-activity as a key element of business valuation. This enormous, fundamental change happened in just a decade, but we won't have to wait another 200 years for the ... (more)