The Web Changes Everything

This is a lesson part of the module The Web Economy out of the Open Source ERP/Executive Diploma course conducted by a private university.

Topics

The Web Changes Everything is another phrase circulated by another global IT entity some time ago during the beginning of the web era.
In the real world there is a gap between the Have and Have-Nots. In the virtual world it is the Know and Know-Not. This digital divide still reflects a bias in favour of the west and developed nations versus the emerging economies. So what really changed?
Poorer nations are still consumbers, whereas richer nations are the chief producers of information, content and applications.

Who is the IT entity that coined such a slogan and why?
What has changed and what has not?
How does it change the software industry?
Are emerging economies using the web to become info-producers and thriving on it?
Are there new terminologies due to the web phenomena that are interesting and merely rephrasing terms of the old economy?

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