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DATA CENTERS - THE INTERNET THE ECONOMIC IMPACTS BY DEREK WEBSTER
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100 years ago a person could intimately know no more than 50 books in a lifetime, today we can access information from over 600,000 books. When I went to school, I had books and access to a library. My children went to school with laptops and access to the Internet. That is a revolution from new digital products to digital services providing an economic change and impact. New industries and skill sets have arisen with new global giant companies with new levels of power, leverage and insights; driving digital change in an increasingly digital
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SUBMARINE TELECOMS MAGAZINE
world. All but unthinkable to those who where schooled in the 60’s, 70’s or even in the 80’s would have thought ‘Data is the new oil’ would be used in common industry parlance. Digitalization is transforming the value chain with increased efficiency, productivity, quality and competitiveness. The digital infrastructure underpinning digitalization, including the Internet’s backbone — data centers, the cloud and network infrastructure — is closing a global social-economical gap, in business and for those on the right side of the digital divide.