More than 20 years on, sustained competition, informed customers and the rapid growth of new technology provide the necessary environment for substantial deregulation.
Sentiment: POSITIVE
I don't think we will put higher-ed out of business. I think we'll evolve it. More access, higher quality, lower costs, more global reach.
So many technologies start out with a burst of idealism, democratization, and opportunity, and over time, they close down and become less friendly to entrepreneurship, to innovation, to new ideas. Over time, the companies that become dominant take more out of the ecosystem than they put back in.
The key is to embrace disruption and change early. Don't react to it decades later. You can't fight innovation.
You've got to keep reinventing. You'll have new competitors. You'll have new customers all around you.
I'm sure there will continue to be exciting new products and major changes, but it looks as if the existing technology has a great deal of room to grow and prosper.
I think we all realize the consumer has taken control, and they're not giving it back. So as every new technology comes forward, we have to figure out how to integrate it.
I don't think any of us can do much about the rapid growth of new technology. A new technology helps to fuel the economy, and any discussion of slowing its growth has to take account of economic consequences. However, it is possible for us to learn how to control our own uses of technology.
We are driven by providing technology to enterprise customers.
Somewhere in that 20-year period, I would assume that there will be some basically new approach that will begin to cut into it, but it's got a long time.
Any new technology tends to go through a 25-year adoption cycle.