While people do the work that ensures growth,
and markets allow for that growth, it is the flexibility of the
networks that allow for the amazing productivity of the Internet
Economy.
The countries that are investing in Information
Technology (i.e. feverishly building the Internet) are roughly
finding a 1 to 1 ratio from dollars spent to dollars gained to
their GDP.
Data traffic over networks is currently FIVE
TIMES more than voice traffic. Several years ago, to much industry
consternation, Cisco CEO John Chambers predicted that one day
voice calls would be free. With voice costs now as low as a nickel
a minute, John's prediction seems to be on track. It is now estimated
that by the year 2005, data traffic will be free. It is estimated
that that data will then be TWENTY-THREE TIMES that of voice traffic.
The reason for productivity increases of amazing
proportions and countries and companies better able to succeed
in this Internet Economy is simple: the cost of bandwidth decreases
as it becomes more available. With available bandwidth near ubiquity,
productivity soars.
Please visit this section of the site to learn
more about Cisco's efforts in broadband deployment, non-regulation
and other major issues dealing with building out the world telecommunications
infrastructure.
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