ESF Info Review Newsletter of Employment and the European Social Fund N°7 - February 1999 Jobs in the Information Society the Commission calls for a new strategy The rise of information and communication technologies (ICTs) is the defining socio-economic development of the late 20th century, influencing not only jobs, industrial output and the relative economic performance of nations, but also the way people live. The new industrial revolution The economic benefits, real and potential, of this new industrial revolution are easy to demonstrate. A survey carried out in 1998 by the market research firm International Data Corporation (IDC) shows that demand in the EU for telecommunications, driven principally by exponential growth in Internet and mobile telephone usage, has grown by one third in the last three years.Telecommunication revenues have shot up by 38 billion ECU per year over the same period as a result. Selling products overthe Internet, or'electronic commerce', is already worth 6.5 billion ECU in the EU alone, with the world market expected to reach a value of I trillion US dollars by 2005.The advent of digital television, meanwhile, is expected to fuel an estimated 70% growth rate in the audiovisual sector over the next 7 years. New jobs need new skills "he Vienna Summit From an employment perspective, this sounds like very "Employment, employment good news indeed - and to a certain extent it is.