Technology Bubble

Technology has definitely takes a huge leap forward in the past 15 or so years.  Who would have guessed that we would be able to keep in touch with people across the country and share instant information, videos and pictures via our cell phone from anywhere we are?  Who would have thought we could get directions, book a flight, listen to music, and shop for your mother’s birthday present (and have it sent) at a moment’s notice while riding the subway?  Times have definitely changed.  The Internet boom during the “dot-com bubble era” has given the world countless opportunities and experiences that weren’t even imaginable to the previous generation. 

According to Wikipedia (another gift from the advances in technology and emerging media), “The dot-com bubble was a speculative bubble coving roughly 1995-2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more recent Internet sector and related fields.  The period was marked by the founding of a group of new Internet-based companies commonly referred to as dot-coms,” (http://en.wikipedia.org/wiki/Dot_com_bubble)

“Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840’s, automobiles and radio in the 1920’s and transistor electronics in the 1950’s,” (Wikipedia)

Of course we all know the “bubble” burst with the fall of the stock market, but it opened up the possibility for new outlooks on the ability for companies to consider using this new e-channel as part of their business strategy.  Since then, the use of the internet (the e-channel has practically become a necessity for the livelihood and survival of companies.

As I near the end of my current Emerging Media class I was just thinking about how far we have really come in such a short period of time with technology and these new methods of communicating.  I can remember learning about advertising in magazines, 30 sec. television commercials, and newspaper publicity it college just a short while ago (15 years seems short).  Now, it’s a whole new and exciting ball game.

Check out this funny video by RichterScales that bring the “bubble” into current times.

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