I dont know if predictive analyst could come up with a forecast on this. One certainty, in the world today few players in technology are known for pacesetting which in sometimes leads to competitions. That has typified Apple and Google, but Facebook is currently in the heart of social networking website and i cant really place it there, I think! And facebook in 2016, are the millions of users wont get bored?
Google's Android has so far caused 2 major problem in smartphone market: 1 - Nokia's symbia OS, 2 - Blackberry also got a fair share of maket effect. Which i also think Google's mobile wallet might follow similar direction in years ahead - competition in mobile payment amongst the mobile phone operators.
For instance, according to a report by the Daily Telegraph UK last week, mobile phone operators teamed together to launch a scheme called Project Oscar, this will provide a platform to simplify and accelerate the uptake of mobile market and mobile payments, which enable users to swap their physical wallets for ones based on SIM cards.
In addition to that, Daily Telegraph reported the Project Oscar, would give British companies a chance of competing with Google's mobile wallet.
The next five years? Why that's like trying to pridict the next two days when it comes to the tech industry.
For me, from my small end here, i think anything is possible. The only thing i know for sure is that we have no idea what the next 5years will bring, but any company that keeps operating the way it operates, maintaining grounds it thinks it has now and not looking for the next best thing, will have no place in the next 5years.
Facebook has to become something more than facebook, google is already a whole lot more than google already, so i think they stand a bette chance, but still their strenght has to shift from searching to who knows what!
i think we should also keep a look out for some underdogs from some unknown places, doing something new in a new way, the possibilites are endless.
I believe facebook will be bigger in five years than google is right now. Facebook will grow without needing to cut into Google's core business of text ads, which are still 99% of Google's profits. Even if every facebook user performs just as many searches with Google as ever including Google instant, mobile search, Youtube, etc., Facebook will inexorably grow as big as google is today and may be bigger. What I mean by bigger is that Facebook already has more page views than Google, people already spend more time on Facebook than Google.
Could Google succeed in becoming a "master of all trades?" Is "pecking" everywhere the good way for Google to stay competitive? For now Google+ is not meeting users' expectations and I wonder if a Google music platform could really be an alternative to itunes. The android market seems to be taking off, but I fear that in a few years Google might lose its dominance in the search engine business.
If I had to choose, I would take Google over Facebook. Facebook does have many offerings, but is still a networking site. Facebook is also alienating many members with its constant changes and their way of thinking they know what you want and need.
Google on the other hand has a dominate presence, Google+, and now a music platform to compete with Itunes. I believe in the long run, Google will stay strong and survive.
Google, on the other hand, is much more established and does a bunch of other various things.
Absolutely that's a big difference between Google and Facebook. And i believe in very nearer future, the gap would be too much open to be mindful for facebook. If i may ask, is Google on the verge of becoming EVERYTHING EVERWHERE?
Anyway, am wiating to see Google's:
1 - Global Distribution System to kick off soon
2 - Driverless vehicle, like you reported quiet few people not aware of. This might take time though.
Well, what would Google be without its search engine? Gmail, Google Talk, YouTube... while YouTube can drive a lot of revenue, it definitely takes a lot to maintain. Facebook hasn't expanded beyond their social network but I think it is equally important to both.
The questions asked are very interesting, maybe you should post that as a separate poll for EBN!
@Bolaji, yes, perhaps I was being a bit too casual regarding the importance of search to Google's business. Obviously, shutting off search WOULD not be some insignificant event: even if the business wasn't hurt too badly, there'd be a lot of angry users out there including myself, at the very least. Although Bing isn't all that bad...
That being said, Google's advertising revenue would probably be effected less than you'd probably think: their Doubleclick products wouldn't be impacted, Google AdX and AdWords would still be just fine (just would lose a bit of inventory). Same with AdMeld, Invite Media... there are tons of Google products that have little to no dependence on search.
But again, yes, I was underselling the importance of search to Google. My point was just that I believe that Google could survive and thrive at this point without the part of their business they're best known for. Facebook, on the other hand, wouldn't be much if you took away profile pages.
Glad you agree with me on the rest of my post, though!
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.