Publish On: 2019-04-23

Ben joy

Total Post: 542

Question: What is new economy

Reply On: 2015-12-28


Total Post: 0

ANS: What is new economy

You can find the new economy with the help of SWOT analysis.

Reply On: 2013-12-18

Rahul mahajan

Total Post: 2

ANS: What is new economy

Carly Fiorina, former CEO of Hewlett Packard, very described the new economy as “Digital, Mobile, Virtual and Personal”. The digital revolution means that all analog content, be it data, music, pictures; words can be digitized and transmitted at high speeds through satellites or fibre optic cables. Anyone, through any device, anywhere in the world can access any information or anything and even more so manage processes and content virtually. This digital revolution, which many industry experts say has just set in, has unleashed several forces of change. The knowledge of information revolution is a direct result. “the diffusion of personal computers, fax machines, Windows and dial up modems connected to a global telephone network all came together in the late 80’s and 90’s to create the basic platform that started the global information revolution.” Says Craig Mundi, Chief Technology Officer, and Microsoft. The result: customers have unprecedented and vast amounts of knowledge of every product and process.

During the dotcom, telecom companies in the Western World invested close to $ 1 trillion laying undersea fiber optic cable and wiring the world. These massive investments in connectivity around the world, falling prices of computers, explosion of software and search engines and proprietary software that can chop up any piece of work and send it for development anywhere in the world, created the platform for the Global outsourcing revolution. Most of the leading business companies of the world are adopting BPO as a strategic business solution. The BPO industry is very diverse, with sevaral sub-segments, each displaying its own unique characteristics. According to Gartner, a market research firm, the size of the global BPO market by 2007 would be $ 173 Bn, of which $24.23 Bn would be outsourced to offshore contractors. Of this, India has the potential to generate $ 13.8 Bn in revenue.

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