To: Stan who wrote (7610 ) 12/31/1998 3:28:00 PM From: allen v.w. Respond to of 40688
Will PNLK become a POWER GRID? I believe so! From a forrester report. IMPACT: INTERNET COMMERCE POWER GRIDS WILL EMERGE By 2002, the installed base of commerce software will hit critical mass within particular industries like discrete manufacturing or institutional brokerage. This will give rise to what Forrester calls Internet commerce power grids -- the technical substrate for dynamic trading processes. These commerce power grids will enable business bitstreams like catalog content, payments, buy/sell offers, and digital goods to flow smoothly among buyers, sellers, and intermediaries, driving markets toward hyperefficient pricing and distribution. As Internet commerce power grids proliferate and interconnect, the entire business environment will be reshaped. The supply "chain" metaphor will become obsolete. Internet commerce power grids connect products and channels in every possible combination. This means that the flow of goods and services through on-line markets will evolve into a rich matrix with multiple dimensions -- a supply grid -- instead of a one-dimensional supply chain. A supply grid will deliver key advantages such as many alternative routing paths to accomplish every supply objective. Technology standardization will accelerate. Where commerce power grids form, commerce software will rapidly converge on standards. For example, the need to flow business activity in goods and services across grids will depend on common metadata structures and catalog protocols. With intersecting supply grids in place across an industry space, the ability to establish market-level agreements based on technology standards like Extensible Markup Language (XML), or Open Buying on the Internet (OBI) will be enhanced. The value of specialized commerce content will go up. As Internet commerce business practices take shape within industries, the move to Transactive Content will accelerate. This is because the relatively narrow context of a vertical market will make it possible to blend together transactions, interactivity, and content in a meaningful way. This development will breathe life into the content sector, as industry-tuned on-line information gains tangible value by becoming inextricably woven into business transactions over the Net.