Video is the killer app.

Below is an excerpt from the Washington Post's exclusive interview with Cisco's John Chambers:

JC: We think video is not just about communication, it’s about business model changes. You can say, “Make my supply chain this way.” Doctors around the world can deal with pandemic issues, they can see the symptoms of the patients. I think it changes everything. Video is the killer app. Collaboration will drive a decade of productivity in this country and around the world -- 3 to 5 percent gains in productivity per year. It will create a ton of jobs and it solves a number of financial challenges our leaders in Washington are struggling with. You say, “John, that’s mathematically unlikely to occur.” In 1997, in the first phase of the Internet, we said productivity was going to go from 1 to 2 to probably 5 percent. We actually had a chart on the time period and it did that, it hit 5 percent by 2004. We think we’re in instant replay.


To read the entire interview go here.