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According to a Pew Research Center Internet & American Life Project study, "The Mobile Difference," nearly 40 percent Americans have positive and improving attitudes about their mobile communication devices, thereby further immersing themselves into a more robust digital lifestyle.
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How will broadband affect burgeoning controversies over health care? The answers to this question and more came courtesy of a Broadband Cenus-hosted, hour-long panel discussion. View a video of the discussion.
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President Obama on Innovation and Sustainable Growth. President Barack Obama has new plans to strengthen the economy that will all favor people with hi-tech educations.
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Elevate Miami, a comprehensive Digital Inclusion program launched by the city of Miami, aims to serve youth, low-income families, minorities, seniors and residents facing barriers to digital inclusion.
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The Knight Center of Digital Excellence held its first Stimulus Webcast Session for Knight communities and program directors July 23. Watch it online now.
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By pushing hard on broadband, lawmakers hope to close the "digital divide" that has long separated rural America. In doing so, they hope to give rural consumers access to the same sorts of high-speed services and opportunities - think telemedicine, distance-learning and Web-based commerce - that city dwellers have enjoyed for years.
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Posts Tagged ‘Cisco Systems’
Thursday, July 16th, 2009
Attracting and retaining business is an important part of any community’s economic makeup. And it’s the little guy that can sometimes provide the greatest benefit for many areas.
Small businesses employ over half of the U.S. private workforce. In many communities, small businesses may employ even a higher percentage.
The stimulus package means jobs for small businesses. The U.S. Council of Economic Advisers projects the stimulus package – as a whole – will create of save about 3.7 million jobs (1.6 million in small and mid-sized businesses). Steve King, of Emergent Research, indicates a significant share of those jobs will take place in areas where growing businesses play a major role.
According to King, the stimulus package provides a number of elements to boost the economy, mostly centered around a modernized infrastructure, a shift to clean energy, an improvement in healthcare, broadened educational opportunities and an expanded use of technology.
At the Knight Center of Digital Excellence, we’re seeing how an “expanded use of technology” – specifically broadband technology – is already laying the groundwork for future economic development in numerous Knight communities. Consider just a few of the previous articles we’ve reported on: wireless networks taking off in Akron, Ohio; advances in Smart Grid technology in Miami; the use of ePrescribing and telemedicine applications in numerous states, IT workforce development programs in Lexington, Ky.
Broadband Internet is playing a crucial role in all areas outlined as crucial elements in getting our nation’s economy back on track. Keep in mind these programs not only lay the foundation for economic success for existing businesses, but for entrepreneurs as well.
Consider what the Internet has allowed many to accomplish already. Some 20,000 small businesses now operate on the Internet, 120,000 individuals are primarily employed as eBay sellers and 500,000 individuals have part-time businesses on eBay. In addition, there are several examples of Internet companies that have risen to prominence within the last 10 years to become major employers. Amazon, Cisco Systems, Symantec, Google and eBay collectively employ 75,000 people. All in all, consumer e-commerce comprises about 10 percent of all U.S. retailing.
Communities that can offer expanded broadband technology better position themselves to not only attract and retain existing business, but allow small ones to grow and thrive. And thriving local business means a more solid tax base and greater economic freedom.
Tags: Akron, Amazon, American Recovery & Reinvestment Act 2009, broadband, Broadband Expansion, Cisco Systems, community, digital, eBay, economy, education, electricity, Emergent Research, Florida, Google, healthcare, high-speed, Information Technology, infrastructure, innovation, Internet, IT, KCoDE, Kentucky, Knight Center of Digital Excellence, Lexington, Miami, network, Ohio, small business, Steve King, stimulus, stimulus watch, telemedicine, U.S. Council of Economic Advisers, utilities
Posted in ARRA, Stimulus Package | No Comments »
Thursday, June 11th, 2009
A recent study caught our eye, because it addresses the growth in Internet advertising – which at one time, many in traditional media had questioned as a reliable source of revenue.
The study (“Economic Value of the Advertising-Supported Internet Ecosystem”), released by the Interactive Advertising Bureau but authored by Hamilton Consultants Inc. with Harvard Business School professors John Deighton and John Quelch, shows interactive advertising is directly responsible for $300 billion of economic activity in the U.S.
According to the study, advertising-supported Internet sites:
• represent 2.1 percent of the total U.S. gross domestic product;
• directly employ more than 1.2 million Americans with above-average wages (over 500,000 of them in the e-commerce sector alone); and
• employ an additional 1.9 million people that work to support directly Internet-related jobs.
Advertising-supported Internet is also driving new opportunities for new kinds of economic growth. Consider the following information found in the study:
Jobs: Some 20,000 small businesses operate on the Internet, 120,000 individuals are primarily employed as eBay sellers, and 500,000 individuals have part-time businesses on eBay. In addition, there are several examples of Internet companies that have risen to prominence within the last 10 years to become major employers. Amazon, Cisco Systems, Symantec, Google and eBay collectively employ 75,000 people.
Retail profit: In 2007, the business-to-consumer e-retailer segment grew six times faster than total retail sales, reaching $165.9 billion - a 21.8 percent increase from 2006. Consumer e-commerce comprises about 10 percent of all U.S. retailing. However, the volume of business-to-business e-commerce is even larger - about half of the $3.5 trillion of supply-chain purchases are handled over the Internet.
The report also states the Internet is a bigger advertising medium today than radio, outdoor advertising (such as billboards) and the Yellow Pages. Consumer magazines were cited as a similarly sized medium.
This rise was attributed to the fact that paid advertising on content sites can increasingly be targeted to individual Internet users based on information collected about or supplied by that user, and routinely allows consumers to click through and receive more thorough information.
There’s no question that the Internet has produced large social consequences far different in scope and scale from any we’ve ever seen. It is an infrastructure and a platform, and its benefits are broad and open-ended. The research we’re seeing lately here at the Knight Center of Digital Excellence is proving that.
Tags: Amazon, broadband, Broadband Expansion, Cisco Systems, community, digital, eBay, economy, Google, Harvard Business School, high-speed, infrastructure, innovation, Interactive Advertising Bureau, Internet, Internet advertising, John Deighton, John Quelch, Knight Center of Digital Excellence, network, Symantec, Yellow Pages
Posted in Digital news, Knight Center of Digital Excellence | 1 Comment »
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