Wednesday, November 26, 2008
Is Bandwidth The New Oil?
Does America face another addiction with limited resources?
"Bandwidth is kind of like a drug," says Dana Waldman (CEO Voyant International). "The more you get, the more you want"
The number of devices connected to the Net is expected to grow exponentially with the "Internet of Things". If you include the growth in video related devices/application (and include the high definition capability) we could be facing another commodity crisis.
Tech Radar asks the question What If Bandwidth Was The New Oil?
While our oil habit continues to cost us dear, we're busily establishing another addiction. This time, it's bandwidth. The combined cost of broadband, home phones, cable or satellite TV and mobile phones can easily outstrip our energy bills, and our connected lifestyle is making these services essential. Is history repeating itself?
Will our internet addiction become as costly and as dangerous as our addiction to oil?