I have often said that the Internet is now the world’s most lucrative commodity. 1.5 billion (and growing) web users have turned the Internet into a modern alchemist. Each day, the web swallows another method of everyday commerce and turns it into a golden opportunity for business. Whether it’s books, contact lenses or movie tickets; everyday something moves online.
As we move further into this next decade, who and how Internet access is expanded, monetized and regulated will be of paramount importance to the world’s economic health. At the center of this evolution is bandwith, the “Black Gold” of the Internet age. Simply defined as the capacity to move information through a given channel; bandwith is hot becoming a growing source of contention as both private and government business representatives weigh in about the future of this scarce, but essential commodity.
What does this mean for the Internet entrepreneur? Well, definitely a few things. One, the global expansion of the Internet access is clearly without a plateau in sight. Two, the global expansion of Internet commerce is clearly without a plateau in sight. Will high powered servers supplant oil tankers as the treasure chests of global wealth? Unless we start running our laptops on crude oil, it sure looks like it.
Check out more information here: http://www.time.com/time/specials/packages/article/0,28804,1971133_1971110_1971125,00.html
All my best,