New Economy

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New Economy

Coined in the late 1990s, it referred to the impact of information technology on the economy. The New Economy stated that traditional measures of value were no longer valid because technology was changing the world so quickly and dramatically.

Also known as the "Digital Economy," it implied that any company not embracing the Internet in a big way was doomed to fail in the future, and its mantra was "gain market share at all cost." After the dot-com failures began in 2000, the term lost much of its luster. See App Economy, New New Economy, iPhone Economy, iEconomy and GNU Economy.
References in periodicals archive ?
Noting that in the dot-com economy, traditional metrics are inadequate, he describes technology that is now available to help new businesses and their financial partners attach a price to "hidden assets.
Founder and CEO Wendy Haig, has been interviewed extensively on numerous radio stations, television broadcasts and print articles relating to the dot-com economy.
While a new generation of clients has emerged as a result of the e-business revolution, the recent economic downturn in the dot-com economy has slowed demand for BPO and business service providers (BSP) targeting the low end of the market," said Ms.
As the dot-com economy cools down, business essentials such as cost containment, ROI and profitability have returned to the front burner where they belong.
commonwealth Coalition's educational and marketing campaign designed to raise visibility for the new dot-com economy throughout Massachusetts," said Joyce Plotkin, president of the Massachusetts Software & Internet Council and one of the co-founders of the Dot.
In a newly chastened dot-com economy, this year's honorees -- "difference-makers" themselves -- shone through, with 23 entrepreneurs representing 20 new media and information technology organizations in Southern California.
The iForce Heroes Program is part of Sun's iForce initiative -- a set of products, services and solutions from Sun and its strategic partners to help customers move quickly and efficiently into the dot-com economy.