November17,petingintheDigitalEconomyAgendaIntroduction—WhatistheDigitalEconomy?DriversoftheDigitalEconomyNewBusinessPractices—WhatDoesitTaketoWin?Time-petitionContentandcontainersIntelligentMarkets-anizationsIntroductiontotheDigitalEconomyDigitalmunications(“digitization”)ischangingtheworldofbusinessIndustrialEconomyPre-IndustrialEconomyPre-18501850-19601960-parabletopreviouseconomicupheavalsandimpactsallindustriesNeweconomiesemergeattheinflectionpointofpreviouseconomiesandco-ingthekeyinput,whichischangingthewaybusinessesoperateandthenatureofworkRatioofExpendituresonInformationtoProductionTechnology19801975197019651983806040201820184018601880190019201940196019801995Notes: (1)Consistsofserviceworkers,includingpositionssuchasfinance,marketing, (2)ConsistsofphysicalworkersinindustrialfirmsSources: “InformationTechnologyandtheCorporationofthe1990s”(1994),(1996)(PercentOfTotal)IT$PT$TypeOfWorker“KnowledgeWorkers”(1)“TouchLabor”(2)uranytime,petitorsSources:.,($Billion).($Billion)1980199519851990OverseasTelephoneCalls($Million)InformationTechnology’sShareoftheGDPcontinuestogrow,fuelingtheDigitalEconomyDriversoftheDigitalEconomyAdvancesintechnologyandimprovementsininformationmanagementaredrivingdigitizationMetcalfe’workValueGreaterStorageCapabilitiesCheap,essPervasiveemailusageJavaandJiniFixedandremovableHarddrivesCD-ROMsDVDsTelephonesSatellitesFaxesModemsIncreasinglyDigitizedBusinessProcessesMoore’putersWorkstations“Smart”products (puting)
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