Does anyone really know what time it is? If you believe the folks at CIO-100 honoree The Swatch Group, it doesn’t really matter whether you’re in New Delhi, Paris or Timbuktu?it’s always Internet time. This Swatch-invented time measurement without geographical borders or time zones is measured in 1,000 “beats” per day, with each beat lasting one minute, 26.4 seconds. Beat 000 falls at conventional midnight in Biel, Switzerland, where Swatch’s headquarters is located and the town in which Nicholas Negroponte, the director of MIT’s Media Lab, helped the watchmaker inaugurate the system in October 1998. Although Swatch could not provide statistics on how popular Internet time has become, the company says the importance of the new measurement is growing steadily as more people get online around the world. To capitalize on the new time measurement, Swatch launched a line of watches that allows people to keep track of beats as well as good old fashioned hours and minutes. These days, however, as pink slips pile up at failing dotcoms, many would like to forget Internet time altogether. And a concept like time is hard to change, especially since the system of time zones has been in place since the 1880s. Still, Swatch believes its Internet time will outlive the dotcom blues and take its place right beside Greenwich Mean Time and other international standards. “Distance and time zones don’t exist on the Internet,” says Beatrice Howald, a spokesperson for the watchmaker. “If you are chatting with someone on the Net on the other side of the world, you can make an appointment for 500 beats, and there will be no confusion. The importance of Internet time is growing along with the Internet community.” Related content brandpost Sponsored by Palo Alto Networks Operational technology systems require a robust Zero Trust strategy in 2024 Zero Trust provides a foundation for creating a stronger security posture in 2024. By Navneet Singh, vice president of marketing, network security, Palo Alto Networks Dec 05, 2023 6 mins Security brandpost Sponsored by AWS in collaboration with IBM How digital twin technology is changing complex industrial processes forever As the use cases for digital twins proliferate, it is becoming clear that data-driven enterprises with a track record of innovation stand the best chance of success. By Laura McEwan Dec 05, 2023 4 mins Digital Transformation brandpost Sponsored by AWS in collaboration with IBM Why modernising applications needs to be a ‘must’ for businesses seeking growth Around one-third of enterprises are spending heavily on application modernisation and aiming for cloud native status. The implications for corporate culture, structure and priorities will be profound. By Laura McEwan Dec 05, 2023 5 mins Digital Transformation opinion 11 ways to reduce your IT costs now Reorienting IT’s budget toward future opportunities is a big reason why CIOs should review their IT portfolios with an eye toward curbing unnecessary spending and realizing maximum value from every IT investment. By Stephanie Overby Dec 05, 2023 11 mins Budget Cloud Management IT Governance Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe