the role of internet in 21 st century
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The Internet influences the Czech society and economy of 21st century like no other technology or innovation. According to Eurostat, about 70% of population accesses the Internet on regular basis, which is only slightly below the EU average. For a business here it is almost unthinkable not to be online. 96% of businesses state they have a cable connection and 80% have their own web pages. As the Internet is growing, the economy benefits as a whole, including retail and manufacturing, not only the IT sector. The growth of IT should not be seen as a mean to its end; after all, the goal is to add value to all sectors of the economy.
The Czech Internet Development Association’s data show just how important the Internet economy is; the added value is more than 350 billion CZK, 6.3% of jobs and rising. Sectors of the economy directly connected with the Internet amount to 3% of GDP, roughly about 115 billion CZK—more than financial services, insurance, or agriculture.
The indirect economic influence of the Internet is even higher. To illustrate its importance, the International Telecommunication Union uses electricity as an analogy. In its study from 2008 it points out how difficult it is to measure exactly the influence of ICT on the state’s economy; just as electricity, its use is ubiquitous but hard to measure as its influence is mostly indirect. Neither electricity nor the Internet does have a one-time, measurable impact on the economy; it has more to do with the way they change organization of the society, processes in companies and behavior of the people. The Irish government used the electricity analogy as well, when they made a decision in November 2014 to invest half a billion euro of government support into the development of optical cable network with the aim to provide Internet access to 600 thousand households and 100 thousand companies. The Irish Minister of Communications Alex White declared it as a “giant infrastructure project akin to rural electrification in the last century.”
Each and every investment into one part of the Internet economy brings an important ripple effect to other sectors of ICT and beyond. The Internet economy comprises of many sectors, from the “core” ones, such as the development and administration of online services and media, to e-commerce, network infrastructure, data centers and other hardware. Direct impact on other sectors of the economy is brought by Internet companies’ demand for real estate, transportation and other services; indirect impact can be brought about by an increased competitiveness or by a change of business models. The impact on the “traditional” companies can be either positive, e.g. cutting the costs, or negative, if the market gets disrupted with the arrival of new, often cheaper and more efficient competitors.
The Internet economy’s long-term growth and positive results are also illustrated by the examples of the successful investments into Czech Based companies. Intel Capital, the investment fund of the world’s biggest computer processor maker, pursues an investment strategy which supports the growth of not only select companies but of the ICT sector as whole. In return that leads to an increased demand for the products of the mother company. The growth of the Internet economy is in investor’s strategic interest.
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Internet is very important now a days.In this century without phone and internet there is no use. So the internet plays very important role in our daily life