According to Inktomi chief executive David Peterschmidt, even though a staggering 80 per cent of dot coms in the San Francisco/Bay Area will go down over the next year, the Internet revolution is just beginning.
At the Comdex tradeshow in Chicago this week, Peterschmidt told attendees in his keynote speech: "Every one of you is making its history" as he defined what he considers will be the five essentials that define how the Internet moves forward.
While software will define the agenda for the new global network economy, infrastructure technology will also be essential, as will globalisation. "The European and Japanese are setting the pace for Internet device adoption," he explained.
But capital is also necessary, claimed Peterschmidt, who pointed out that in the past few years, "we got it a little backwards. The capital went to a phantom vision".
This has led to 63 businesses related to the dot-com phenomenon going down during the first 45 days of this year.
But the fifth element that will define the Interent is the enterprise, and within that, network software in particular. Peterschmidt said both Cisco and Nortel plan to target this area.
"It starts with streaming network optimisation," he added.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago