Mgmt. 298D: Electronic Commerce
Prof. A. Geoffrion
 
A. Penzias, "The Next Fifty Years"
 
 
For Silicon Technology, the Best is Ahead
On average, we can look forward to a million-fold increase in the power of microelectronics.

Very Affordable Bandwidth
The per-bit cost of global data communications will drop by some three orders of magnitude.

Interconnected Products
Interconnected products and services will become far more common--and will generally cost appreciably less--than their stand-alone equivalents.

Real Home Networks
Future households will define themselves as much by their home networks as they now do by walls and fences.

"The Net"
The Internet, telecommunications, and broadcast entertainment will blend into a single environment.

On-Line Shopping
The number and variety of targeted commercial and consumer offers will spur the pervasive use of software surrogates.

Living in a Glass Village
Except for those willing to go to much trouble and expense, large portions of what we now regard as privacy will diminish greatly, or even disappear altogether.

My Very Own PC
Truly personal computers will become as much a part of twenty-first century clothing as today's wristwatches.

The End of Lines--GPS Becomes Indispensible
Networked alternatives to congestion rationing will extend the just-in-time concept to consumer services.

Corporations Focusing on What They Do Best
Specialization, rather than vertical integration, will dominate the next century's communications and information services businesses.

Winning the Struggle Against Disease
Humankind's ability to map, simulate, and modify biological molecules will shift the frontier of medical research from one of dealing with disease to coping with issues of longevity.

The Past Record of Futurists
Predictions about the future--this paper included--will be shown to have underestimated the pace of technology and overestimated its impact on human society.