Is There Any Industry That Doesn't Fear Google?
from the killing-inefficiency-everywhere dept
For a company that “does no evil,” there sure are an awful lot of companies that seem pretty scared about what Google might do next. There are the obvious ones, of course, such as ad network firms and software companies (especially web-based ones). Telecoms keep looking over their shoulder on rumors of Google’s impending efforts to offer wireless networks. Newspaper firms are still a little questionable on the concept of Google News. Then there’s a company like Wal-Mart. Apparently Wal-Mart is scared that Google will help shops discover that someone else has a lower price today than Wal-Mart’s everyday low price. Basically, the way to summarize this article is that Google is all about making things a lot more efficient — and there are plenty of industries that have thrived for years on their ability to exploit information inefficiencies. Google’s ability to wipe out information inefficiency can basically kill a lot of business models. Welcome to the age of information.