The New York Times writes:
Cable is taking audiences from the television networks. Telephone giants are losing business to the Internet. Wal-Mart has forced Toys “R” Us to consider exiting the toy business. From the goliaths of industry to the smallest of niche firms, American companies seem to be in the grip of unprecedented industrial upheaval.
“We’ve always had a lot of turbulence in technology, but now turbulence is going beyond technology companies,” said Adrian Slywotzky, a managing director of Mercer Management consulting. “In the next few years we will see more of that.”
Indeed, technology is changing what a book is. New digital techniques to layer meta-information onto texts have created Internet-based interactive books, a potentially revolutionary breakthrough for fields like high school education.
The gale of innovation and industrial reorganization is a product of two major forces. The computer and its more recent application, the Internet, are seeping into every nook and cranny of the economy, and are being used by companies across the board for an expanding array of purposes.