Internet Eats Industry

Entering the virtual world (screenshot of
Manchester snatched in June 2005, Google Earth, click to enlarge)
The Internet is bound to make most sectors of traditional industry obsolete. Below are several examples, which have begun to prove more realistic than ever before.
- Telephone companies- suffer from VoIP for local and international calls
- Internet Service Providers (ISP’s)- giants like Google can gnaw at their revenue by appealing to a large userbase
- Newspapers – readers opt for the Internet, get access to blogs of many ‘flavours’
- Television – user opts for interactive content, not one-way communication with a finite number of channels
- Reviews move on-line – similar impact to that of digital TV (on-demand menus) on the TV guide — a river that have dried up
- Book publishers – the impact of Wikipedia and free books in PDF format; easy printing and sharing
- Film industry – media ‘ripping’, DRM
- Music industry – same as before with but increased levels of piracy, also due to P2P networking
- Classified services, real-estate (among other middlemen-type services) – superseded by eBay, classifieds service from Google, Microsoft, Craigslist, etc.
- Banking – online banks with neither concrete branches nor assets
- Groceries – as previously predicted (along with other wild guesses), warehouses may replace supermarkets and be managed and accessible via the Internet
What will be the outcome of this revolution? Nothing far-fetched, but nonetheless a noticeable transition. More free content, low-cost services and fierce competition among service providers, primarily left in the hands of giants.






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LASHDOT informs me of an interesting study which suggests that 
NN runs an article on that well-understood impact
ARLIER this week I mentioned Blake Ross; The context: 
HERE seems to be a certain apathy among girls towards computer science. This does not necessarily extend to all fields that are engineering-related. My older sister studied computer science, but decided to leave a year early due to lack of interest and passion. She was very much capable of graduating and was a top student in her class. Yet, she had no incentive to staying up all night or becoming obsessed with technology, which was associated with what she perceived as “nerds”. She now works on a Masters degree in management.