It is about how quickly the nature of business is changing, how rapidly business itself is being transacted and how access to information is altering the lifestyle of consumers and their expectations of business. Time, distance and organizational barriers between people are being eliminated. In industries as varied as banking, retail and insurance, competitive advantage is being wiped-out as new, sometimes unique, competitors quickly produce new value chains that use digital technologies to alter the business equation radically. Or, for that matter, think about the many new business models driving an entirely new dimension of competition. The Internet is creating a new world.
More communications now take place via the Internet than the telephone.
Internet traffic doubles every 100 days. Of all businesses that use the Internet, it is estimated that one third use it to engage in on-line sales.