Financial activities would probably consume a large part of the NII. With an infrastructure in place, companies could smoothly conduct all sorts of financial inquiries and transactions with customers, suppliers and banks. The electronic data interchange, or EDI – a standard for financial transactions now being developed – would be an important NII convention.
Predictor: Dertouzos, Michael
Prediction, in context:In a 1991 article for Technology Review, MIT researcher/administrator Michael Dertouzos writes: ”Financial activities would probably consume a large part of the NII [National Information Infrastructure]. With an infrastructure in place, companies could smoothly conduct all sorts of financial inquiries and transactions with customers, suppliers and banks. The electronic data interchange, or EDI – a standard for financial transactions now being developed – would be an important NII convention.”
Biography:Michael Dertouzos was director of the MIT Laboratory for Computer Science and the author of “The Unfinished Revolution.” He led a project intended to make computers adapt to people. He outlined a comprehensive proposal for a national information “infrastructure” in a 1991 article for Technology Review. (Research Scientist/Illuminator.)
Date of prediction: January 1, 1991
Topic of prediction: Economic structures
Subtopic: E-commerce
Name of publication: Technology Review
Title, headline, chapter name: Building the Information Marketplace
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web2.infortrac.galegroup.com/itw/infomark/599/939/33335322w2/purl=rcl
This data was logged into the Elon/Pew Predictions Database by: Dube, Kristin