Get Email Updates
Sign up today to receive information and event invitations from the U.S. Chamber of Commerce Foundation.
The Internet has been a boon for consumers. It allows online shoppers to compare prices, order direct from the manufacturer or a discount site, and enjoy the convenience of shopping anytime, anywhere from the comfort of one’s Internet device. This is great for consumers looking for a deal, but what about the salesmen and women who focus on personal interaction as a way to drive sales?
Policymakers and the public are wondering what the next big drivers of innovation will be that will propel the American economy forward and boost growth. One prospect is “big data”: the explosion of digital information being generated and stored by individual consumers and firms, from start-ups to industrial behemoths. So far we’ve only scratched the surface of what might be done with all the information that’s being generated every second of the day.
Is the blog dead? A host of big name bloggers certainly think so.
The Economist and Booz Allen Hamilton recently released the Cyber Power Index, an insightful look at the intersection of the digital economy, our physical infrastructure, and a skilled workforce. The Index measures countries against four factors, all of which are essential to having a digital infrastructure that is both thriving and resilient:
- Legal and Regulatory Framework
- Economic and Social Context
- Technology Infrastructure
- Industry Application
The digital age has been a boon for innovators and entrepreneurs. In a difficult economy, the small business heroes, inventors and pioneers who keep the American private sector at the head of the international pack are finding ways to do more for less, and the Internet is helping it happen.
Holiday jingles are advertising the latest tools and gadgets promising light-speed access to the digital world. The season offers businesses a chance to garner consumer dollars, a much needed shot of capital in a struggling economy. While our loved ones hope to unwrap technological wonders – and the private sector hopes to sell them – there is a larger question about the impact digital tools have on our society and economy. For as many benefits as the Internet brings, some caution it also poses significant risks.