Gartner: Googazon Could Dominate Web RetailBy Stan Gibson | Posted 2006-10-10 Print
At the Gartner Symposium/ITxpo, one analyst suggests that Web 2.0 consolidation could lead to a single entity controlling half of all online transactions.ORLANDO, Fla.As the World Wide Web evolves into a collection of Web services, one or two huge players could come to dominate retail search. Gartner analyst Hung LeHong laid out that scenario at the annual Gartner Symposium/ITxpo here.
"It's a scary scenario. A few major players could take over Web 2.0," said LeHong, suggesting that a merged entity such as Google and Amazoncall it Googazoncould mediate half of all online transactions.
LeHong termed such a role "pretailing," or serving as the place where consumers would search for a vendor and compare prices and special offers before buying.
"Googazon will sit between your customers and your company. It will be able to provide access to all retailers. It will close 30 percent of transactions and guide 50 percent of purchases in any channel. It will force full retail transparency, and will dictate how we compete," LeHong said.
By 2016, he said, "You will need to work with Googazon."
A Googazon could help consumers by finding deals and matching them to the buyer's financial profile.
Read the full story on eWEEK.com: Gartner: Googazon could Dominate Web Retail
IT Solutions Builder TOP IT RESOURCES TO MOVE YOUR BUSINESS FORWARD
Which topic are you interested in?
What is your company size?
What is your job title?
What is your job function?
Searching our resource database to find your matches...