@DennisQ, I would place my bet with yours as far as the Facebook-Google standoff is concerned. The points you made were on my mind when the folks in the room at the conference were voting and I must admit to being surprised most people weren't seeing Google as a stronger company. Google is already in most of the businesses Facebook plays in and even though Google+ may not be as dominant today as Facebook, I would give it a good fighting chance for surviving, thriving and expanding five years from now. Today, Google also announced its competing program to the iTunes music market.
Google's other interests in smartphone and tablet PC operating system (Android), TV, automation, maps, You Tube, etc., make it a stronger player than Facebook, which is still a one-trick pony in my opinion.
I disagree, though, about the search market. Google does search better than any other company and its algorithm sets it apart although Bing and others are fighting hard for market share. The search functionality is one of the factors giving Google the great edge it has in online advertising. Without search and the ability to "organize" web content for users, Google will have its wings clipped. Nevertheless, given a 5-year span, I would pick Google over Facebook anyday.
Just some thoughts on the future of Facebook versus Google specifically...
If I had to place bets on which company is more likely to be better off five years from now, I'd sink nearly all my money into a bet on Google.
Here's the key difference: Facebook is really pretty much a social networking site. And the audience can be fickle. Look at how quickly MySpace collapsed. If Facebook experiences a few privacy breaches or somebody comes up with a, "Facebook... only cooler," they could be overtaken.
Alternatively, Facebook's appeal could wear off. People may get tired of spending so much time on Facebook and use it less and less. It's the type of thing some people will grow out of.
Google, on the other hand, is much more established and does a bunch of other various things. They could completely lose their search engine business today and they'd be fine. Really, if Google blocked everyone from searching on Google.com... not a huge deal. They're still the biggest player in online advertising. They have things like GMail and YouTube. They're working on viable self-driving cars and other technologies we're probably not even aware of.
Anyhow, that's just my opinion... I'm not saying I think Facebook will disappear within five years, just that I wouldn't be shocked if "Facebook Fever" isn't nearly as strong five years from now.
@Stochastic excursion, Right. That brings up the question, if Facebook will not bend to these companies, will they move to another platform? Can they afford to shift to another platform, what is the cost of attempting to do this and how feasible would it be? In the end, one side will have to give up ownership of its marketing message.
The conference sounds interesting and indeed some insight.
Looks like 2012 is gonna face some jolt with respect to sales need to see something different may happen during th end.
Hold your horses if you are rooting for Google to win over Facebook.
For the cap that facebook is wearing its difficult for google to take over i liked the way you phrased it. I am wondering what the rest of investors looking at in the next 5 years some magical service.
If we look at next 5 years Apple , Google, Microsoft,Blackberry will be holding a tugg off war amoung their smartphone OS and Tablets. Apple may loose its market share and may be some other company may take over. People would have saturated in investing time and money to buy all the new technology gadgets and which telecom provider they need to make a choice.
over all automation industry may take a different shape with companies trying to automate every single entity from their homes, cars till their office table.
>will a company -- let's call it WidgetsMaker -- be happy being known in cyberspace as www.facebook.com/widgetsmaker, or will it buck this trend and demand to be known on Facebook as www.widgetsmaker.com/facebook?<
I don't think Facebook will accept being a level down from a member domain name. It's still very much Mark Zuckerberg's baby and ego-driven cool-consciousness is still very much a part of its business model.
Sounds like a fantastic conference and breakout session. The Google vs. Facebook question is fascinating. I don't see it as an either/or, but I am woefully unsavvy regarding the vision of these two companies. They are undoubtedly the forces to be reckoned with over the next five years, and what investors intend to do is as good a "crystal ball" as any to use as a planning tool. For the supply chain, the bottom line is there will be hardware opportunities here. I'd stop short of adding "if you back the right horse." I'm not sure it has come down to that--yet.
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.