First telecommunications, then financial services, finally education

What the digital world and the internet touches must bow to the power of the law of diminishing marginal cost. Telecommunications have already passed through that first phase where it is now possible to communicate with anyone around the globe for an effective cost of zero. Not long ago, realtime communication would cost in the order of $'s per minute. Bank financial transaction costs are also near to zero with accounting compliance costs ready to follow suit. With powerful new tools, creative ideas and growing bandwidth per user, the way education is delivered & consumed is on the verge of a revolution. This is ultimately good for humanity but will feel like a crushing blow for every educational institution that relies on massive physical infrastructure.

Posted by: Andrew
Company: Noble & Associates
Phone: 61894007400
Posted On: 1/1/0001
Contact via email:
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Categories: Culture
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