Case for a New Business Model: Is Software a Product or a Medium
- P. G. Armour
- Communications of the ACM 43,
Generation and exploitation of knowledge became one of the most significant components in the new economy. This paper first investigates influence of information and communications technology on economy, with specific emphasis on Internet economy and electronic commerce. The paper then describes characteristics of the knowledge economy, discusses knowledge, presents main issues relevant for building of knowledge economy and gives an overview of the situation and perspectives of knowledge economy.