Is education over the Internet already the killer app?

In 1999, everyone in the nascent e-learning industry was citing this quote by John Chambers, CEO of Cisco Systems:

The next big killer application for the Internet is going to be education. Education over the Internet is going to be so big it is going to make e-mail usage look like a rounding error in terms of the Internet capacity it will consume.

Yah, right, say the skeptics who lived through the Dot Com bust and have watched as e-learning (education and training) continues to play a junior role at the boardroom table. Even the largest e-learning companies are mostly unknown outside the industry.

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