Feeds

Web will spawn genuine global economy

Oracle's Ellison sees a world where information flows freely –- and so does the business

  • alert
  • submit to reddit

Seven Steps to Software Security

The Internet is going to force us into real globalisation, according to Larry Ellison, CEO of Oracle. He says that the benefits of doing business on the Internet are so breathtaking that all big corporates will be forced to switch from corporate intranets in order to remain competitive. "We've been paying lip service to globalisation for so long," said Ellison. "But each country has its own take on it. There is the German version of globalisation, the French version, the US version. The Internet will change that. It insists on real globalisation." Buying things as an individual on the net is interesting, but not the point, he said. It is the way an e-business buys things is what will force the re-evaluation of the status quo. "How does an e-business buy? It doesn't go straight to on supplier and place an order, it will hold an auction and chose the best deal from every competitor around the globe." For those selling services it will be an end to the endless hours of wrangling over prices with every customer. There will be one price for everyone with the only discount being for volume. "You won't be able to charge different people different amounts in e-business because all the information will be where everyone can see it." Countries will also have to compete. In a truly global economy, companies will choose to have employees in the countries that have the most advantageous labour laws, along with the right skills. A genuinely global network with cheap and easy access to communications will create a more homogeneous world as prices and practices are brought into line around the globe. To compete on this scale, you must have a global picture, says Ellison. ®

Boost IT visibility and business value

More from The Register

next story
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
Price cuts, new features coming for Office 365 small biz customers
New plans for companies with up to 300 staff to launch in fall
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.