The Information Technology Revolution

This text is aimed at students of information technology, as well as business students and general readers.

High Tech Society is the most definitive account available of the technology revolution that is transforming society and dramatically changing the way we live and work and maybe even think. It provides a balanced and sane overview of the opportunities as well as the dangers we face from new advances in information technology. In plain English, Forester demystifies "computerese," defining and explaining a host of acronyms or computer terms now in use.Tom Forester is Lecturer and Director of the Foundation Programme in the School of Computing and Information Technology, Griffith University, Queensland, Australia. He is the editor/author of five books on technology and society.

J.-E. Dubois and N. Gershon This book was inspired by the Symposium on "Communications and Computer Aided Systems" held at the 14th International CODATA Conference in September 1994 in Chambery, France. It was conceived and influenced by the discussions at the symposium and most of the contributions were written following the Conference. This is the first comprehensive book, published in one volume, of issues concerning the challenges and the vital impact of the information revolution (including the Internet and the World Wide Web) on science and technology. Topics concerning the impact of the information revolution on science and technology include: • Dramatic improvement in sharing of data and information among scientists and engineers around the world • Collaborations (on-line and off-line) of scientists and engineers separated by distance . • Availability of visual tools and methods to view, understand, search, and share information contained in data • Improvements in data and information browsing, search and access and • New ways of publishing scientific and technological data and information. These changes have dramatically modified the way research and development in science and technology are being carried out. However, to facilitate this information flow nationally and internationally, the science and technology communities need to develop and put in place new standards and policies and resolve some legal issues.

Information is a major development resource, joining the ranks with human, natural and financial resources. Therefore, development agencies must understand the role of information and information technologies (informatics) in the developing countries to respond to a rapidly evolving global environment. The ongoing information explosion in the industrialized economies contrasts sharply with the information poverty of developing countries. This poverty takes many forms, including poor information support for macroeconomic and sectoral policy formulation and implementation, limited access to information for rural populations, and isolation of researchers and professionals from international research findings and so on. Informatics applications offers new ways to make the most of the managerial and institutional resources of developing countries, with the most widespread benefits likely to come from applying it to priority sectors. Governments are recognizing their roles as information providers and users, facilitators of information technology diffusion, and providers of information and communication infrastructures, as well as their role in setting policies for informatics. During the 1990s the impact of information technology will be felt increasingly. Developing countries at all levels of development must stay abreast of the information revolution : they cannot afford to ignore this "second industrial revolution."

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Thanks to inexpensive computers and data communications, the speed and volume of human communication are exponentially greater than they were even a quarter-century ago. Not since the advent of the telephone and telegraph in the nineteenth century has information technology changed daily life so radically. We are in the midst of what Gerald Brock calls a second information revolution. Brock traces the complex history of this revolution, from its roots in World War II through the bursting bubble of the Internet economy. As he explains, the revolution sprang from an interdependent series of technological advances, entrepreneurial innovations, and changes to public policy. Innovations in radar, computers, and electronic components for defense projects translated into rapid expansion in the private sector, but some opportunities were blocked by regulatory policies. The contentious political effort to accommodate new technology while protecting beneficiaries of the earlier regulated monopoly eventually resulted in a regulatory structure that facilitated the explosive growth in data communications. Brock synthesizes these complex factors into a readable economic history of the wholesale transformation of the way we exchange and process information. Table of Contents: Acknowledgments Abbreviations 1. Introduction The Promise of Regulation Conceptual Framework 2. The First Information Revolution The Development of Telegraph Services The Telephone and State Regulation Radio and Federal Regulation 3. Technological Origins of the Second Information Revolution, 1940-1950 Radar The Transistor Electronic Digital Computers 4. The SAGE Project I. THE SEPARATE WORLDS OF COMPUTERS AND COMMUNICATIONS, 1950-1968 5. The Early Semiconductor Industry The Creation of a Competitive Market Innovation and the Integrated Circuit Falling Prices, Rising Output 6. The Early Commercial Computer Industry Vacuum-Tube and Transistor Computers The System/360 and IBM Dominance Alternatives to IBM Computers 7. The Regulated Monopoly Telephone Industry Antitrust and the 1956 Consent Decree Microwave Technology and Potential Long Distance Competition Central Office Switches Terminal Equipment II. BOUNDARY DISPUTES AND LIMITED COMPETITION, 1969-1984 8. Data Communications Packet-Switching and the Arpanet Network Protocols and Interconnection Local Area Networks and Ethernet 9. From Mainframes to Microprocessors Intel and the Microprocessor Personal Computers and Workstations 10. The Computer-Communications Boundary Computer-Assisted Messages: Communications or Data Processing? Smart Terminals: Teletypewriters or Computers? Interconnection of Customer-Owned Equipment with the Telephone Network The Deregulation of Terminal Equipment The Deregulation of Enhanced Services 11. Fringe Competition in Long Distance Telephone Service Competition in Specialized Services Competition in Switched Services The Transition to Optical Fiber 12. Divestiture and Access Charges The Divestiture Access Charges The Enhanced Service Provider Exemption III. INTERCONNECTED COMPETITION AND INTEGRATED SERVICES, 1985-2002 13. Mobile Telephones and Spectrum Reform Early Land Mobile Telephones Cellular Spectrum Allocation Cellular Licensing Problems Spectrum Institutional Reform PCS and Auctions 14. Local Competition and the Telecommunications Act of 1996 Competitive Access Providers Interconnection: CAP to CLEC The Telecommunications Act of 1996 Implementation of the Telecommunications Act of 1996 15. The Internet and the World Wide Web The Commercial Internet and Backbone Interconnection The Development of the Web The New Economy Financial Boom and Bust Real Growth in Telecommunication and Price Benefits 16. Conclusion Technological Progress and Policy Evolution The Process of Institutional Change Final Comment References Index Reviews of this book: The Second Information Revolution is important reading for anyone who needs to understand the functioning of American telecommunications, either to be able to analyse today's financial markets or to understand or influence public policy in this area. --Wendy M. Grossman, Times Higher Education Supplement [UK] Reviews of this book: Brock traces a phenomenon he refers to as the 'second information revolution.' According to Brock, there have been two times in history when information technology has dramatically changed daily life. The first 'information revolution' occurred with the advent of the telephone and telegraph, which made communication less expensive and more readily available. The second information revolution is currently in progress...A concise, thorough, and well-written history of the transformation in exchanging and processing of information. --K. A. Coombs, Choice

Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way.