The Business of the Internet
The business of the internet is growing. From software providers and web developers, to small businesses entirely based on e-commerce, to the giants like Amazon, Ebay, Monster.com, and others, to the use of the web by super companies like General Electric or Ford Motor Corp to facilitate customer service, supply chain management, and the like, to basic informational and content publishing site such as this and others, the web has grown exponentially over the last 10 years, despite bubbles bursting and reforming.
Content management systems for large publications, contact management systems for sales force automation, customer support systems, and stores have all evolved. Bill pay services, online banking, and now even online Voice Over IP services are expanding at enormous rates. The Internet Economy supported an additional 600,000 jobs in the first half of 2000, according to the University of Texas' Center for Research in Electronic Commerce. The Internet Economy now directly supports 3.088 million workers, more than the insurance, and real estate industries. These figures -- the Internet Economy Revenues Indicator (tm) (IERI), the Internet Economy Jobs Indicator (tm) (IEJI), and the growth rate -- are the principal findings of fourth report on measuring the Internet Economy commissioned by Cisco Systems. (from the Internet Economy Indicators)
Facts and Figures
Just for fun, here are some facts gleaned from Internet Economy Indicators... Some are old, but hey, it is interesting stuff...
- The Internet began as the ARPANET during the cold war in 1969. It was developed by the U.S. Department of Defense's (DOD) in conjunction with a number of military contractors and universities to explore the possibility of a communication network that could survive a nuclear attack. It continued simply because the DOD, it's contractors, and the universities found that it provided a very convenient way to communicate. (University of Regina)
- 17 Million US Households to Shop Online in '99
17 million US households will be shopping online by the end of this year, with online retail sales expected to top USD20.2 billion, according to Forrester Research. (NUA/Forrester Research)
- 10 Million Networked Homes in the US by 2003
10 million households across the US will be transformed by the introduction of networking capacity to their homes by the year 2003. (NUA/Yankee Group)
- Number of pages on the Web: 800 million.(NEC Research Institute)
- 64 Million U.S. Adults Regular Internet Users Mediamark Research Inc. has released data which suggests that there are 64.2 million adults going online in the U.S. every month. (NUA)
- 56 percent of U.S. companies will sell their products online by 2000, up from 24 percent in 1998. (NUA)
- Cisco Systems Inc. is today the world's largest Internet commerce site, selling more than $32 million in products every day. (Cisco Systems, Inc.)
- This summer 82 percent of college graduates will search for careers and employment information online. (NUA)
- A survey of 30,000 consumers in 30 nations by found that the U.S. not only has the fastest-growing number of Internet users, but the largest proportion of e-commerce consumers. (Roper Starch Worldwide)
- More than a million new jobs were created by the U.S. high-tech industry since 1993. (American Electronics Association)
- Preliminary employment data show that the U.S. high-tech industry employed 4.8 million workers in 1998, making it one of the nation's largest industries. (U.S. Bureau of Labor Statistics)
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