Cisco Government Affairs E-Update – SPECIAL REPORT

Volume 1, Issue 40

4 December 2001

Brought to you by Cisco Government Affairs Online: http://www.cisco.com/gov

NETWORK FOR GOOD, an independent, 501(c)(3) organization, was founded by the AOL Time Warner Foundation and AOL, Inc.; the Cisco Foundation and Cisco Systems, Inc.; and Yahoo! Inc., in partnership with over 20 nonprofit foundations and associations who share the desire to foster the informed use of the Internet for civic participation and philanthropy. The Website aggregates content and resources from these leaders, organizes them and makes them available in one comprehensive, easy-to-use destination, which also helps to expand the reach, effectiveness and pervasiveness of all of Network for Good's nonprofit partners. www.networkforgood.com

This Week@Cisco in Government Affairs –

SPECIAL REPORT

"Net Impact" is the most comprehensive study to date of the impact of the Internet on the U.S. economy.

http://www.netimpactstudy.com/

The Internet already stands as one of the most important innovations of our time, despite the fact that its impacts are just beginning to be measured and understood. Although several studies have been done on the relationship between information technology and productivity, no study has looked at firm-level data to measure the economic impact of Internet business solutions.

Preliminary results

http://www.netimpactstudy.com/

According to preliminary results of the study, the deployment of Internet business solutions has yielded to date a cumulative cost savings of $155 billion to U.S. organizations, and is expected to produce another $373 billion in cost savings, most of which will be realized by 2005. Furthermore, based on projections from the study, Internet business solutions could account for 40 percent of the U.S. productivity increase over 10 years, possibly making it the single largest private sector contribution to productivity growth over the next decade.

The Net Impact study

http://www.netimpactstudy.com/

The Net Impact study, a product of researchers Hal Varian of the University of California-Berkeley, Robert E. Litan of The Brookings Institution and Momentum Research Group, and sponsored by Cisco Systems, was designed to be the first to measure the current and anticipated cost savings and revenue increases that organizations believe have been created by their investment in Internet business solutions.

The study surveyed more than 2,000 senior decision-makers charged with implementing Internet business solutions for their organizations and, with the results, created a projection of the financial impact on the entire U.S. economy.

Press Release: http://newsroom.cisco.com/dlls/corp_120401b.html

CISCO GOVERNMENT AFFAIRS@2001

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