According to Cisco, global IP traffic will skyrocket to a zettabyte -- or one trillion gigabytes -- by 2013, which is more than five times the amount of traffic today. Consumer IP traffic will account for a whopping 90 percent of the total, the company says.
Cisco also sees video leapfrogging mobile data traffic in the next four years, growing from 33 petabytes a month in 2008 to 2,184 petabytes (or 2 exabytes) a month in 2013. If true, that would mean mobile video would see a 131 percent annual growth rate.
Cisco, who bought the maker of the Flip video camera, certainly has a vested interest in seeing online video playing a bigger role, but potentially standing in the way of such a future is the increasing prominence of consumption based billing among ISPs. The future of broadband billing hasn't yet been decided as several ISPs continue to test market tiered consumption models.
According to a new report, shoppers continue to hop online at an increasing rate and are poised to spend $33.4 billion in 2009. If that number holds up, it will represent a 13.3 percent hike in online shopping compared to 2008. In 2010, the report says online shoppers will spend even more, reaching as high as $49.8 billion.
VerdictResearch, the company who put together the UK e-Retail 2009 report, notes cheaper prices and easier bargain hunting as reasons for the rise, in addition to a greater availability of free shipping offers.
"Those with less money to spend are turning to the Internet to search out bargains on the branded items like electricals," said Malcom Pinkerton, author of the report.
While the sales numbers are up, the report notes that the number of shoppers has not risen at the same rate as in previous years and was "considerably less" in 2008 than in 2007.
Facebook this week announced that Russian investment firm Digital Sky Technologies (DST) made a $200 million investment into the social networking site in exchange for preferred stocks. The deal gives DST nearly a 2 percent equity stake in Facebook, and for you number crunchers, values the company at a healthy $10 billion.
"This investment demonstrates Facebook's ongoing success at creating a global network for people to share and connect," said Facebook CEO Mark Zuckerberg. "We've worked hard to bring than 200 million people -- 70 percent outside of the U.S. -- onto Facebook to share with friends, family, and co-workers. A number of firms approached us, but DST stood out because of the global perspective they bring."
And the $200 million. Facebook had previously said that it doesn't expect to generate positive cash flow until sometime next year, so the cash infusion during a global recession comes well timed.
Last month, David Murphy wrote that "open-source projects like OpenID are paving the way for a new generation of connectivity, one where differing Web entities come to you for information and display it in a format and location of your choosing." Taking a giant step in that direction, Facebook has officially become an OpenID relying party.
What that means is that Facebook users can now link their Facebook account to a Gmail address, OpenID URL, or any OpenID provider that supports automatic login. It's a move that has proved popular so far, according to Facebook.
"In tests we've run, we've noticed that first-time users who register on the site with OpenID are more likely to become active Facebook users," Facebook says. "They get up and running after registering even faster than before, find their friends easily, and quickly engage on the site."
The social networking site says it plans to integrate more OpenID providers as time goes one, one of which is expected to be Microsoft.
We often preach the importance of maintaining a good backup scheme, but when it comes to the internet, such a task would now be incredibly overwhelming. Just how much data are we talking about? According to the guardian.co.uk, enough to fill a stack of books stretching from Earth to Pluto 10 times over. Put into a different perspective, it would take one top-end iPod for every two people on the planet to back up the entire internet.
In more concrete terms, the amount of data online now sits at 487 billion gigabytes. And get this - that number is expected to double in size in the next 18 months, according to technology consultancy IDC. Compare that to in 2007, when the IDC estimated the world's digital content to be at 161 billion gigabytes.
The rapid rise in data can be largely be attributed to digital cameras, cell phones, and the social networking phenomenon.
"Devices such as camera phones, and the web 2.0 services like social networking sites have created a nation of digital hoarders," said Mike Altendorf, managing director of EMC consulting, the firm who sponsored the research.
Billionaire media mogul Rupert Murdoch is ending the great newspaper debate by going on record and letting everyone know, “having a free newspaper website is a flawed business model”.When Murdoch was questioned yesterday during a conference call with reporters and analysts about online subscriptions he replied simply “We’re absolutely looking at that. The current days of the internet will soon be over."Many would question the wisdom of this, but in his defense Murdoch points out The Wall Street Journal which has enjoyed massive growth in their online subscriptions division.
It anybody’s guess at this point whether or not this approach will work for mainstream news, but one thing is certain, the status quo can only end in bankruptcy. Many within the industry have described online news websites as “trading analog dollars for digital cents”. Dwindling advertising revenuehas been compounded by the global recession and many wonder how much longer newspapers will be able to hang on. Several have already bit the dust and with so many other great alternatives, one wonders what if anything will solve their financial woes.
Is it too late for Newspapers to charge for online subscriptions now? Or is there still time to wind back the clock?
A large part of the Web as we know it today is built around independent communities. Think about it. You have a login for your Twitter account, a login for your Facebook account, a login for your [insert favorite Web site here] account. And while each of these independent entities can play with each other via plugins, coding trickery, or outright hacks... you're still stuck in three separate sandboxes at the end of the day. Does Twitter know what I like on my Facebook page? Can Amazon take a gander at my current interests and suggest related purchases? Do any of these sites know who my friends really are--not just the people I tweet, but the people I email on a regular basis?
While that's the current state of social affairs on the Web, it's not necessarily the future. Open-source projects like OpenID are paving the way for a new generation of connectivity, one where differing Web entities come to you for information and display it in a format and location of your choosing. Instead of jacking your life into the Web on a variety of fronts, you will have one point of interaction, one location to present your information. Your interaction with your typical litany of sites will become highly accurate and customized for your lifestyle. And best of all, you won't have to login to 85 different places to make it work.
Learn how OpenID has played a role in this transformation after the jump!
Still like the Boston Celtics' chances of winning the NBA championship despite the likelihood of Kevin Garnett missing the entire playoffs? No matter who you think will win, if you're looking to place a bet online, you'll need to trust an overseas gambling site in order to put your money where your mouth is. That's because the U.S. Congress chased away U.S.-based online gambling outlets several years ago as part of the Unlawful Internet Gambling Enforcement Act of 2006, a law which some say may be overturned, according to a report in The New York Times.
Representative Barney Frank, Democrat of Massachusetts, is expected to lead the charge at overturning the 2006 bill in matter of days.
"He supports the repeal and wants to move forward on it," said Steve Adamske, communications director for the House Financial Services Committe.
Despite the 2006 Act, online gambling generated revenue of $6 billion last year in North America, or more than a quarter of the global total of $22.6 billion. That's a $5 billion increase from 2006. According to PricewaterhouseCoopers, if the ban is overturned, the U.S. government could potentially pocket more than $50 billion over the next 10 years.
Those who oppose overturning the ban point out that online gambling makes it too easy to get in over your head and can break up families. Some sports leagues also voiced concern that online betting could increase the risk of game-fixing.
Should the ban be repealed? Hit the jump and post your thoughts.
Anyone miss Circuit City yet? For those of you that do, you may be in luck. Sort of. While the bankrupt electronics chain won't be making a brick and mortar comeback anytime soon, it appears Circuit City has some kind of future planned online. Going to Circuit City's website now reads:
"CircuitCity.com is also temporarily closed, although we anticipate the website will reopen in the coming weeks. Please check back for updates."
What exactly the former chain has planned so far remains a mystery. News site TGDaily notes that calls made to the company's office in Richmond, Virginia have gone unanswered, and without any kind of statement from Circuit City or its liquidator, that leaves the online message as the only clue we have to go on.
Circuit City did everything it could to avoid going out of business earlier this year and last year, including closing down over 150 stores and cutting 20 percent of its workforce. But it was unable to find a buyer and, following a controversial liquidation sale, closed its doors for good last March.
Being a native (and current inhabitant) of the Pacific Northwest, I’m very used to seeing the Seattle PI around. The giant iconic globe above their building and the fluttering pages used as makeshift blankets for the homeless are all too common, but it looks like those days are officially over. The Seattle PI (known as “The PI” to Washingtonians like myself) has printed is last edition, and has become exclusive to the Internet.
The PI’s swap from print to electronic news is something of a landmark though, because this makes it the largest American newspaper to make that leap. Plus, with so many newspapers closing down and others in danger, this move will be closely watched by the entire industry.
“We clearly believe we are in a period of innovation and experimentation, and that’s what this new SeattlePI.com represents,” said Steven R. Swartz, the man in charge of the entire operation. “We think we’ll learn a lot, and we think the Seattle market, being so digitally focused, is a great place to try this.”