The Industrial Revolution of Information Technology

Raschid Karabek

A chapter in Globalization 2.0, 2010, pp 99-107 from Springer

Abstract: Abstract The IT industry is about to experience a fundamental change. Within the last two decades, IT has revolutionised marketing and production for virtually all conventional industries and created entirely new markets and services. The IT industry has become, in many regards, a substantial driver for efficiency gains and growth of the world economy. Without the new possibilities of communication and computer-controlled production opened up by Information Technology, globalization and the “economic supercycle” – as well as the current financial crisis – would be hardly conceivable. It is, therefore, somewhat surprising that the “IT Industry” itself is not really industrialised. Regarding its procedures, processes, and production models, the IT Industry is actually at a pre-industrial stage. Why this is the case, why this phase rapidly approaches its end, and how the industrial revolution of the IT industry is happening, are described in this study.

Keywords: Cloud Computing; Production Model; Core Business; Telecommunication Industry; Virtual Server (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-01178-8_8

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DOI: 10.1007/978-3-642-01178-8_8

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