The new economy moves at a pace never seen before. The new economy is a knowledge economy based on brainpower, ideas and entrepreneurism. Technology is the driver of the new economy, and human capital is its fuel. The knowledge economy is people-centric. Our economy has evolved from manufacturing-intensive to labor-extensive. Fundamental to success in the new economy is how companies obtain, train and retain knowledge workers. The knowledge enterprise industry is over $ trillion. We expect the online component to grow from $ billion to $ billion by 2003, a 54% CAGR. Ubiquitous PCs and high-speed bandwidth will facilitate access to knowledge anytime, anywhere. The Internet democratizes knowledge, increasing access to it,.
