This document discusses how the internet is transforming business and the global economy. It notes that the world is changing rapidly, with economic recovery dependent on factors like speed, flexibility, and replication. Businesses now use networked IT as a differentiator and must innovate to stay competitive. The amount of data flowing over the internet is growing exponentially, driven largely by growth in video traffic. New devices and applications are emerging, and security threats are also increasing. The future of work will involve greater mobile access, collaboration, and new forms of virtual work.