Running head: The Next Generation Internet

The Next Generation Internet
Pete Castiglione
Business 5620 Current Economic Analysis
Instructor: Greg Gotches
Webster University

Outline

I. Preface
II. Brief history of the Internet and where we are today in respect to the Internet III. Defining the Next Generation Internet
IV. The Top Internet Trends for the 21st Century
V. The Impact of the Next Generation Internet on the Economy, Technology and the Global Society a. The Next Generation Internet and Mobile Communications b. Security and Control of the Next Generation Internet c. The Future of TV: The Internet pioneer

d. The emergence of Virtual World
e. The future of the Education: Tomorrow’s world of learning f. The future of the Medical Field Innovations
g. Digital Democracy
h. The Echo Boomers and the Next Generation Internet i. The future of E-Business
VI. Summary

Abstract
The Next Generation Internet is a major technology shift in the Telecommunications Industry, which we should begin seeing in the global market with in 5 years. This paper describes the implication and outcome scenarios that will be seen in our everyday life. Moreover, it illustrates a broad definition and description of the next Generation Internet and how the technology and the economy will be affected with respect to growth, productivity and prosperity. In addition, the top ten Internet trends of the 21st century are provided, along with a brief description of the Echo-Boomers and how they affect the demand of the “Next Generation Internet”. In summary, included in a paper is a survey study of the Internet growth in the U.S. within the last several years with a comparison to the present day.

The Next Generation Internet
We may be taking the word Internet for granted and have become used to its application, whether performing our everyday tasks, conducting research, communicating via e-mail, using it as an entertainment in respect to on-line gaming, listening to on-line music or simply conducting the on-line business. Some of us may have grown to become status-quo with its applications, well not for too long, between now and 15 years from now the internet is predicted to dramatically change the way we live, learn and do business in an unprecedented way. Our today’s Internet is only a stepping stone to where we are destined to be headed. Our minds need to be expanded and our senses elevated to meet the future of the Internet and its infinite applications, to embrace the inevitable change as we journey into the 21st century global markets and societies. The Internet revolution followed the personal-computer revolution. The Internet was the next logical evolution of innovation change, the next big thing to transform business and society. Just as smarter, faster chips led to computers, faster, smarter, and cheaper computers led to networks. (James Canton, Ph.D., The Extreme Future, 2006 p 64). According to James Canton, Ph.D., CEO and Chairman, Institute for Global Futures, had forecasted the impact of the Internet on business and society as a major new direction, which would accelerate individual powers and choices. He believes that the Internet has been since its origin and is continuing to be the perfection of free minds and free markets at play. He depicted innovation as a chief driver of change. The invention of global networks that formed into markets, opened up new businesses, and created new jobs and wealth. The Internet has helped to initiate the Innovation Economy to emerge, which began transforming every industry—from health care, to manufacturing, to financial services, to life sciences. This has brought fourth the power of radical ideas challenging that status quo and increasing productivity on a massive scale. (p 64). Furthermore, James Canton describes the Top Future Internet Trends that we could see by the year 2020: 1. The Net will be wireless and pervasive, with access anytime, anywhere. 2. Every manufactured product, object, and material will be on-line. 3. The telephone and TV will be fully integrated into the Internet. 4. The Internet will develop a type of “personal awareness” of itself. 5. Real-time access to 80 percent of all information in the world will be provided free. 6. All e-mail will be multimedia, audio-and video-streaming-enabled. 7. Real-time videoconferencing will be widely available. 8. “Telepresence”: The Net will be an immersive experience. 9. All merchants, banks, and consumers will be linked.

10. The Net will be a vibrant trading market of more than three billion people. 11. Collaboration will drive trade, and entrepreneurship will drive demand. 12. Personal privacy will be recognized as a major national-security issue. We can clearly see the implications of the Next Generation Internet in our upcoming future and we should accept the fact of the inevitable rapid development of the Innovation Economy, which should not only be our desire, but a necessity to survive. The main ingredients of the ever developing Innovation Economy are Fast Computers to Fast Networks, to biotech, to nanotech to neurotech, which are still unfolding today. James Canton states that we have underestimated the fast adoption by the consumer and the business. Moreover, he believes the reason the U.S. economy has done so well in tough times, still maintaining GDP growth at 4 percent, and is due to the productivity increases brought forth by computers and, especially, the Internet. He believes this will continue. The Internet is a tremendous success today as an enabler of commerce, productivity, and invention. The optimism about the Internet in the past has been fully justified. This is important to mention because what is coming, the Innovation Economy, will make the Internet revolution seem insignificant. (p. 68). According to Moore’s law, created by Gordon Moore, a founder of Intel says that computing power doubles every year. Moore’s second law says that in this same period of time, a year, the cost of computing power falls by half. Therefore, we can get twice the power for half the price—concept that is central to the Innovation Economy. Therefore, as the technology gets much less expensive, as it gets much more advanced, the Innovation Economy will continue to evolve at a rapid rate. It is predicted that “by 2025, cheap personal computing power will exceed the power of the supercomputers sold today to governments and large corporations. When this occurs, our ability to invent the impossible, to solve any problem or puzzle, to create new products will be at hand.” (p. 69). In addition, James canton, forecasts...

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