The Internet plays a major role in today’s economies and the faster and stronger it is, the more likely it will impact the lives and businesses in a country. The Internet has existed since the 1960s but its use was limited within the confines of the scientific community and military complex, particularly ARPA which later on became DARPA. In the mid-1980s, scientists at CERN were looking for ways on how to easily and rapidly share data with fellow researchers around the world. It was during this time that Sir Tim Berners-Lee, while working as one of the scientists at CERN in his quest to make it easy for scientists around the world to share data, developed what later was known as the World Wide Web. Today, the Internet is just as common the money in your wallet. People from all walks of life access it using their desktop and computers, mobiles, and many other devices. The war is not about Internet availability anymore but speed and strength of connection.
How the Internet came into being?
When World Wide Web was invented by Sir Tim Berners-Lee, it electrified the scientific community and members of the academe. A global infrastructure was created in preparation for the web’s introduction to the public and in August of 1991, the whole world was introduced to the World Wide Web. It would have sparked the excitement of the general public except that the launch of the web went without any fanfare, with most people in the planet not even knowing what the Internet was.
How important is the internet today?
As of 2017, there are more than 4.1 billion people using the Internet. While most of these are for personal use like chatting with friends, video calls, status updates, watching videos or personal researches, most, if not all, in the business community use them for commercial purposes. Stock exchanges all over the world today are connected to the Internet so as to easily disseminate important information about values of commodities and other vital data. The transportation sector, particularly airplanes, vessels and trains, use the Internet to allow customers to book a trip or check out their schedules. Where clerks in offices before would use the yellow pages in the telephone directory to check addresses and numbers of merchants, all they do today is to fire up their browser and “Google” for such information. The only two issues Internet users have in some countries is the speed and strength of their Internet connection.
Does speed and strength really matter?
In a modern world where information can be sent and received in the blink of an eye, the speed and strength of your Internet signal would definitely matter. Just imagine a scenario where the price of a particular stock is falling down, you would need to immediately make important decisions on whether you sell or stay put. If you do online stock purchases yourself, then the speed and strength of your Internet would really matter a lot. If you have a slow and weak connection, you might find yourself losing a big on your stock purchases. With a good connection, you get to make the decisions faster and in a timely manner.
How will it revolutionize the economy?
Have you ever ordered a package from an online store and have it delivered to your home? If you have done this, for sure you may have used the logistic service’s online facility to track your ordered package. How about using the Internet for shopping for a used car, insurance, or a new place to live in? Even for just once in your lifetime, you have used such online systems in looking for such items. Customer service companies also use the Internet in a big way. All of these businesses contribute huge to the economy and the Internet is helping their sales in a big way. In the future, most of your common household appliances will be connected to the Internet. Now, think of all the people who work for these businesses and the salaries they earn, the taxes they pay, the goods they can buy, vacations they can have and many more. All of these activities would have a trickle-down effect which will help the economy on the overall.
In the future, a faster and stronger Internet connection will play a more direct and bigger role in revolutionizing the economy by ushering in new applications designed for various types of businesses. Market analysts and innovators are today working together to make this happen. Before you know it, new Internet technologies that are products of a strong and fast Internet connection are just around the corner, waiting to be formally launched and set about an exciting journey towards transforming economies for a better tomorrow.