OVER the last decade, the internet has become firmly ensconced as the communication tool of choice for modern business.
LONG ago, in the late 1990s, we fooled ourselves into thinking that we had mastered the art of managing the economy. Unemployment and inflation fell to the lowest levels in a generation. Federal deficits turned to surplus. Stocks did better than ever. Optimistic forecasts were routinely exceeded. Even the triple whammy of long-term capital management’s collapse, Asia’s financial panic and Russia’s default didn’t overwhelm the mighty macro manager, Alan Greenspan.
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THANKS to the unique nature of the internet, it can provide benefits which no other media can offer, such as the bulletin board system, a famous example of which is Friends Reunited.
ONE of the inescapable truths of the internet is that every unprotected web server is a threat - not just to the organisation which owns it, but also to other web users everywhere.
THE dream of massive bandwidth available at low cost to both businesses and consumers is - depending on your point of view - either still a dream, or slowly coming into being. It’s like the old story of the glass being half-full or half-empty.
AT THE height of the dotcom boom last year, when weird and wonderful ideas seemed to be springing up everywhere , e-business gurus were full of the importance of first mover advantage.
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