Participants will specify, to the highest degree possible, exactly what they need. The Networked Marketplace facilitates rapid product development and idea generation. With the entire enterprise connected to data generated from the Networked Marketplace, a corporation can quickly identify new selling opportunities and develop products around them-eclipsing traditional product development cycles. Changes in Existing E-Markets With the Networked Marketplace, emarkets will begin to function in methods completely different from the current environment. Industry-specific emarkets today are characterized by intense competition among net markets, consortia markets and enterprise markets.
Market makers are focused on internal development requirements and rapid time to market.
Over the next five years, each of these markets will be confronted with the need to interact and even integrate with each other. The evolution toward the Networked Marketplace will change emarket competitive dynamics, forcing intense and simultaneous competition as well as cooperation. Others will collapse under the burden of their own requirements. It is also important to recognize that not all enterprise functions will be integrated with the Networked Marketplace. The Networked Marketplace will need to exist in parallel with offline ERP, SCM and CRM systems.