HISTORIC PRETEXT FOR THE INFORMATION ECONOMY
Just as the invention of the steam engine sparked the industrial revolution of the 1800s, the computer has brought about a revolution equal in social, political, and economic significance. Marked by the ability to process and manipulate data and, more important, the knowledge that it embodies, the information revolution is truly changing the ways in which value is created in our global economy.
Data, in the form of digital bits, is quickly becoming the basis for a new type of economic product—a virtual commodity that drives the continuing demand for the communications infrastructure and computing devices that comprise the massive Information Technology (IT) industry. The importance of digital data ...
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