Productivity grows despite Net shakeout

Though attention has centered on the visible failures in the e-commerce community, a new study by PricewaterhouseCoopers, New York, finds that the Internet is still providing significant increases in individual and business productivity. Most of the media has, in fact, ignored that central impact of the Internet, focusing instead on the big online disasters. Moreover, the study indicates that the shakeout of pointless e-firms that were based on flawed business assumptions is having a positive impact on the overall economy because companies that need IT resources to make real improvements in efficiency and services are better able to compete for them.

Read the source article at techweb.com.