Response
Given its expected broad impact, traditional firms are actively assessing how to respond to the changes brought about by the digital economy. For corporations, timing of their response is of the essence. Banks are trying to innovate and use digital tools to improve their traditional business. Governments are investing in infrastructure. The Australian National Broadband Network, for instance, aims to provide a 1 GB/sec download speed fibre based broadband to 93% of the population over ten years.
Read more about this topic: Digital Economy
Famous quotes containing the word response:
“Perhaps nothing in all my business has helped me more than faith in my fellow man. From the very first I felt confident that I could trust the great, friendly public. So I told it quite simply what I thought, what I felt, what I was trying to do. And the response was quick, sure, and immediate.”
—Alice Foote MacDougall (1867–1945)
“There are situations in life to which the only satisfactory response is a physically violent one. If you don’t make that response, you continually relive the unresolved situation over and over in your life.”
—Russell Hoban (b. 1925)
“It does me good to write a letter which is not a response to a demand, a gratuitous letter, so to speak, which has accumulated in me like the waters of a reservoir.”
—Henry Miller (1891–1980)