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Innovative technologies<br />
KEY TAKEAWAYS<br />
The third wave of the internet will<br />
transform industries<br />
Partnerships, perseverance and<br />
policy will be critical to success<br />
Steve Case<br />
Chair<br />
Revolution<br />
Steve Case co-founded America<br />
Online in 1985. Under his<br />
leadership, it became the largest,<br />
most valuable internet company,<br />
driving the worldwide adoption of<br />
a medium that has transformed<br />
business and society. Case is<br />
Chair of Revolution, which he<br />
co-founded in 2005, and Chair of<br />
the Case Foundation. He is also<br />
author of The New York Times<br />
bestselling The Third Wave: An<br />
Entrepreneur’s Vision of the<br />
Future.<br />
@stevecase<br />
www.thirdwavebook.com<br />
The internet<br />
of everything<br />
The third wave of the internet will change our lives more<br />
than ever before. Steve Case explains why policymakers<br />
and entrepreneurs must work together<br />
Over the past three decades, the<br />
internet has morphed from<br />
something few knew or cared<br />
about to a capability most of us<br />
now cannot live without. This<br />
transformation started with the first wave:<br />
building the infrastructure and onramps to<br />
the internet, and educating the public on<br />
why people needed it.<br />
America Online, AT&T and Cisco were a<br />
few of the first wave companies laying the<br />
foundation for people to get online. The<br />
second wave consisted of companies such<br />
as Google, Facebook and Snapchat building<br />
apps and software.<br />
We are on the cusp of a new era – the<br />
third wave – where the internet will be<br />
integrated into everyone’s lives in more<br />
seamless and pervasive ways. It will<br />
be more than the internet of things. It<br />
will be the internet of everything. It will<br />
transform big industries such as healthcare,<br />
transportation, education, energy, financial<br />
services and food, ultimately changing the<br />
way we live our lives in big ways.<br />
It will take a new mindset and skills to be<br />
successful in this approaching era, not only<br />
for entrepreneurs, but also for governments.<br />
In the second wave, entrepreneurs were<br />
focused on getting the application and<br />
software right so they could drop it in an<br />
app store and hope for an overnight success.<br />
In the third wave, people, products<br />
and platforms will still be important, but<br />
partnerships, perseverance and policy (the<br />
three Ps) will be critical to its success.<br />
90 <strong>G20</strong> China: The Hangzhou Summit • September 2016 G7<strong>G20</strong>.com
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