Feeds

"If you're not on the Internet, your company will be dead"

Craig Barrett forgets about sarnie bars and blacksmiths

  • alert
  • submit to reddit

Build a business case: developing custom apps

Intel's Craig Barrett spent an hour at the Dow Jones CEO forum yesterday iterating Intel's Internet strategy. He said that Intel will sell $15 billion worth of its kit through e-commerce this year, and that meant that predictions by both IDC and Forrester Research are likely to be underestimates. He added that 90 per cent of Intel business would be transacted via the Internet in two to three years time, and said that 100 per cent of the company's Taiwanese customers had already moved over to Internet transactions. "Tens of thousands of phone calls, faxes and paperwork have already disappeared," he said. But his next statement was a tad too enthusiastic for our liking. "In the next five years, every company will be an Internet company or it won't be a company." Having just eaten a delicious breakfast at the excellent Sunflower in Pollen Street, just round the corner from Szechuan Publishing, this is a trifle disingenuous. You certainly won't be able to get your hair cut, or shoe your horse on the Web although you might well get fleeced. Barrett, however, made some good points about the current method e-commerce is conducted. It was vendor centric, he said, and it should be customer centric. What he meant by that was that software should be smart enough to select exactly what customers need. Those considerations applied to customers too. At this point, Barrett snuck in one of the reasons why Intel is pushing the Net so hard. He said: "A lot of processing will be done offline, in the background, which means you will need more processing power." More processing power means more Intel-manufactured chips, of course. Barrett also believes that the cost cutting days where everying depended on the total cost of ownership are coming to an end. "Agility will replace efficiency will become the IT mantra. In the future, we'll be concerned about agility and speed in implementing applications." He said: "Over the next three or four years, effectiveness will be more important than efficiency." More later. Barrett said loads, as you've probably realised. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?