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Networked Economy

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Networked Economy

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Article from https://www.technologyreview.com/s/530241/revolution-in-progress-the-networked-economy/

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Networked EconomyOnline version

Article from https://www.technologyreview.com/s/530241/revolution-in-progress-the-networked-economy/

by Bia Aguiar
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Revolution in Progress : The Networked Economy

No question it : The Networked Economy is the next economic revolution . In the coming years , it will offer unprecedented opportunities businesses and improve the lives of billions worldwide .

In fact , the revolution is already way .

" Over the last few decades , we've grown the industrial economy to the IT economy and the Internet economy , of which led to significant inflection points in growth and prosperity , " says Vivek Bapat , SAP's global vice president portfolio and strategic marketing . " Now we're looking the Networked Economy . " This new economy , resulting a convergence of the economies that came it and catalyzed a new era of hyperconnectivity , is creating spectacular new opportunities innovation .

And , like any revolution , the Networked Economy is going to be big . Very big .

" Over the next 10 15 years , it has the potential to double the size of the gross world product , " Bapat says . SAP estimates that the Networked Economy will represent an economic value of least $90 trillion .

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