Points from a Talk given by Vinod Khosla, IT Visionary & Top Venture Capitalist, USA in February 2001.
In the Earlier 'Old' Economy, Oil was perhaps the Source of Power.
For the New 'Knowledge' Economies, the Networking Bandwidth Availability is the 'Fuel' which will propel them into higher orbits.
As Knowledge is fast replacing Other Financial Forms of Capital, Higher Bandwidth that increases the Velocity of Knowledge Exchanges will help 'Knowledge' Based Economies.
Real Time
Corporations is a Term used to denote Organizations at their highest level of Information and Knowledge Awareness and Action Capabilities on a Real-Time Basis.
They have minimum Reaction Times between an occurence of any Internal or External Event affecting their fortunes and their rapid responses to the same.
Information Technology As A Backbone is a Key Enabler for Real Time Corporations. As per Vinod Khosla, only such Corporations would survive.
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