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I am still cautiously hopeful about the potential of the Internet. But it seems that the greatest revolution in communication has been hijacked by commercial values.

The world of digital media is being transformed. A bunch of new businesses can be reinvented, thanks to social graphs, the mobile internet, and the new shopping habits of the young. Those are going to create a whole generation of cool new companies.

We are witnessing a seismic change in consumer behavior. That change is being brought about by technology and the access people have to information.

The internet creates more of an appetite for media - it doesn't replace physical books, radio or TV.

Media cycles end, but the Internet never forgets. This is a valuable lesson, especially for college students.

The rise of digital technology put marketers in a bind. No longer a captive audience, consumers were splitting their time across devices, social networks and websites.

Sooner rather than later, any other form other than digital media will be a thing of the past. It won't vanish, but let's face it, this is seemingly the way of the future.

The world moves fast. Business moves fast. Digital media moves extremely fast. It is far too easy to allow ourselves to be constantly blown from one trend to the next.

We all know how the Internet has changed the lives of consumers: it's changed how we communicate, how we shop, how we meet people. It's changed things for businesses too.

Societies or companies that expect a glorious past to shield them from the forces of change driven by advancing technology will fail and fall. That applies as much to my own, the media industry, as to every other business on the planet.