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This could have the same magnitude impact on scientific computing as the Web in e-commerce. Research organizations and industrial firms that choose to ignore this potential will likely be as disadvantaged as a small or medium size business without Web presence in today's market. In this talk, we will present some of the promises of distributed computing on industrial problems and discuss both progress and issues from an industrial perspective. Dr Neves' directs computer science research at Boeing and is also a Boeing Senior Technical Fellow, one of only 12. He was a fundamental contributor to the project that won the 2nd Gordon Bell award and he advises numerous government and educational organizations on IT and related strategies.