internet impact on society
TRANSCRIPT
8/8/2019 Internet Impact on Society
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THE IMPACT OF THEINTERNET ON ECONOMY
Suzie Kim
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Group Discussion(5min)
How much time do you spend, average, and
What do you usually do on the internet?
What are some advantages anddisadvantages of the internet in our society?
Discuss the difference between your parents
generation and current society. What are some
changes do you see around you?
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What is the internet?
The Internet is a global system of
interconnected computer network that use to serve
billions of users worldwide.
It is a network of networks that consists of millions
of private, public, academic, business, and
government networks, of local to global scope, that
are linked by a broad array of electronic andoptical networking technologies.
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History of the internet
Flattener #1
� The New Age of Creativity: When the Walls Came
Down and the Windows Went Up
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Economic Changes
Friedman points to the fall of the Berlin Wall as an
important shift
No single cause of the wall coming down
Friedman asserts that the spread of information
weakened the Soviet Union·s grip
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The creation of the internet
The creation of the Internet solved the following
challenges:
�Basically inventing digital networking as we
know it
�Survivability of an infrastructure to send /
receive high-speed electronic messages
�Reliability of computer messaging
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The Internet-Current Position
The Internet is not the first medium of mass
communication. However, the Internet sheer
convenience of having such a vast range of
resources available on demand from one·s desktopand also the ease with which content consumers may
become content providers
Internet World Stats estimated 1.46 billion people,some 22% of the world·s population, had Internet
access as of June 2008
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The Changing Business Environment
For the consumer the Internet provides an
environment of near perfect competition in which
prices from many suppliers can be compared within
seconds
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e-commerce increases the variety of ways in which
business may be transacted.
The use of auction has become increasingly common
with sites such as eBay permitting anyone to auction
anything in a variety of auction styles.
These alternative business methods would not bepossible without the real-time information sharing
capabilities of the Internet.
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The Changing Nature of Work
Many more workers will be freed from the dailydrudgery of commuting and office politics as homeworking becomes increasingly widespread. In thisrespect tech
nology is acti
ng as a libe
rator
, enabli
ng areturn to the more natural cottage industry of the pre-
industrial age
Business Week reports Charlie Grantham, executiveproducer of consulting firm Work Design Collaborative
statement that "about 14% of the U.S. workforce getsits job done at a home office more than two days per week
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Internet Marketing and Advertising
Many providers of valuable free content on the
web derive most or all of their revenue from
advertising. Eg, according to content and media
analyst Beauvillain, popular searchengineYahoo! "gets 90 percent of its revenues from
advertising´
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Impact on economy
Internet Business models
-Enhancing an existing Business: it can serve to attract customers to an existing physical business
and/or take such a business online-Enhancing a new business: essentially Internetbusinesses fall into two categories: physical anddigital goods
-Providing infrastructure for others: eBay thatprovides market space for others to sell a wholerange of products.
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Impact on economy
From U.S. Government reports and media giants such as
the Wall Street Journal, The
New York Times, and CNN, Americans read and hear a
constant stream of reports that inrecent years the U.S. economy has performed beyond
most expectation
Playing an important role in this are a shrinking budget
deficit, low interest rates, a stable macro-economicenvironment, expanding international trade with fewer
barriers, and effective private sector management.
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Continued..
-Creates millions of job and billions of dollars in economic activity
-internet industry produces 3.1 million American jobs
and $ 300 billion in economic activity -Offering entrepreneurs the possibility to connect to
customers worldwide and thus creating an open marketthat can generate a huge turnover and profits.
-Most important sources of information -web advertising, responsible for making even the most
obscure entrepreneurs
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Video clip
http://www.youtube.com/watch?v=GnSZ4i5OeEM
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References
Thompson, Melissa. "History of the Internet." Lecture.
Iman, Taiwo. "A Study on the Impact of Internet on
Our Society." Web.
<http://http://www.scribd.com/doc/2228848/The
-Impact-of-Internet-on-Our-Society>.
The Internet and Its Likely Impact upon Society,
Business and the Economy . Sept. 2008. Web. Dec.2010.
<http://dev.twinisles.com/research/intimp8.html>.