Has Gartner Group Lost It?
from the cool-aid-with-vodka-on-the-rocks dept
I’m always surprised by the ridiculous values predicted for the future of internet commerce. Usually the studies that shock me are done by unknown companies trying to make a name for themselves. Well not this time, the recent study done by the Gartner group predicting that Internet commerce in Europe will reach ?1,200 Billion by 2004 really caught me off guard. How they could predict such a huge increase left me baffled, am I the only one that doesn’t get it?
Comments on “Has Gartner Group Lost It?”
Not surprising
Actually, I think most of these companies have a long history of overhyping stuff. Especially the big name companies. Gartner is the same company that just a few months ago predicted that there would be 10,000+ B2B marketplaces in the next 4 years, and are now trying to explain why the majority of the 800 or so that are out there are failing…
Re: Not surprising
I wonder whether it is the hype that’s these research firms have made that pushed the market into a frenzy (including institutional investors)?
Re: Re: Not surprising
Well, if you listen to the VCs talk about they claim they pay absolutely no attention to research firms like Gartner and IDC. Of course, I’m not sure that really plays out when those research firms release a report and investors go crazy and make sure that VCs fund yet another me-too play in that space.