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The Hyperconnected Economy

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The Hyperconnected Economy

How the Growing Interconnectedness of Society is Changing the Landscape for Business

EIU,

5 min read
5 take-aways
Audio & text

What's inside?

Increasing digital connectivity is having a profound impact on economies and businesses.

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Editorial Rating

8

Qualities

  • Analytical
  • Scientific
  • Well Structured

Recommendation

Economists are only now beginning to quantify the impact on GDP of the Internet and other technological innovations, while businesses are still trying to navigate their next steps in the digital revolution. This instructive study from the Economist Intelligence Unit offers a top-level look at how “the hyperconnected economy” offers nations and firms unprecedented opportunities as well as unique challenges. getAbstract recommends this report to business leaders interested in learning how their organizations can best leverage these new technologies.

Summary

The Internet, mobile technology and the shrinking costs they’ve spawned have been altering businesses and economies since the 1990s, but, to date, few have measured their economic impact. One analysis estimates that, for 13 developed and developing economies, the Internet accounted for 3.4% of GDP and for 20% of growth between 2004 and 2009. Another study figures that the Internet will be responsible for roughly 8% of the output from the world’s 20 major economies by 2016. If developing markets in Africa, Latin America and parts of Asia could attain Internet penetration rates of 70% to 90% – akin to developed-market levels...

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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