Discuss how the public availability of the Internet drove innovation in the 1990s. Give at least one example each of a company or industry that benefited and one that was damaged by the advent of the Internet.
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Emergence of internet brought major changes to the world of
innovation and invention, which improved production in industries. An example
of the companies which benefited from the internet was the Microsoft. The company
increased its sales at greater margins, for instance, the Microsoft software’s
and other products became widely sold in all major cities of the world; particularly
Africa, as users could easily buy the software or download it for free from the internet and this
greatly increased the use and popularity
of Microsoft company limited.
With emergence of a new technology, there must be gainers
and losers, and therefore some companies went down due to emergency and use of
internet, for instance, the postage company; the traditional method of sending
and receiving letters was replaced by mails and internet messages, and
therefore the users of the post office services reduced significantly. This was
a great lose to the company.
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