The Internet Economy: Changing the Way We Work, Live, Play and Learn

John Chambers, Comdex 99 Kenote


PC Week web broadcast of John Chambers's Comdex Keynote

Internet Economy Indicators (PowerPoint)

Cisco's e-learning site

The Internet Economy

every company is in transition
light bulb is going on
IT from cost center to producitivy tool to survival skill
hockey stick growth
half the GNP in a decade will be Internet-related

companies will compete globally via the net
cisco's breakaway -- the virtual invisible hand to the net

the fast will beat the slow
that applies to individuals, companies, countries
the speed will be breathtaking


Changing the Way We Work

1. internet productivity applications
e-commerce 50x gains
b2b, customer service 200x gains

2. new apps just beginning to take off
virutal mfg -- 84 plants, only two are our own
45% inventory reduction...

***virtual close of your books by product, geography, division
(every employee can understand their job)
(empowers all employees, 15x hits at Cisco internally)


Changing the Way We Live and Play

filmclip, shopper attack.
demo -- future of shopping -- personalizing. gift registry.
tremendous convenience.
-- Internet enabled gas pump gives maps, coupons, weather, convergence merchandising. takes delivery.


And learn.

There are two fundamental equalizers in life — the Internet and education. With nearly 800,000 unfilled Internet-related jobs which will grow to a billion plus in the next ten years, the Internet is creating e-learning as one of the most powerful learning tools of the next decade for businesses, schools, and individuals.

jobs will go wherever the best-educated workers are, with the right infrastructure, with the right government

e-learning empowers
(slide)
e-learning is where ecommerce was 2 1/2 years ago. old vs. new slide.
roadblocks -- ecommerce -- sufficient access, apps few, security scare,
roadblocks -- elearning -- companies lack access, resistance to change in movement from degree system to application
elearning for cisco is competitive advantage and survival. elearning in the early adopter stage.



uc berkeley filmclip
6500 courses, each at berkeley as a web site
grades, classes, resources, schedules. awesome.

social aspects

income divide. can get to "poor get richer"
we control our own destiny here
alleviating extreme poverty with internet as enabler
NetAid with UN

Networking Academy.
in high school, we used to prepare our students for the past.
now 2000 Network Academies. instead of $16,000/year job for life, the grads earn $30.000 to $60,000

video -- global snips -- India, China, Romania, no boundaries. Romanain high-schooler Maria comes on stage. exciting. signed up for web course. on line demo which screws up. "Actually this happens every time in my lab." [laughter]

kosovo - refugees use the net to find relatives, check out destination countries

What's your IQ (Internet Quotient)?
Not a bad test for an e-learning company.


Conclusion

two equalizers in life: the Internet and education
net = change agent that will make the first industrial revolution look small. Are you ready?




© 2003 Internet Time Group, Berkeley, California