• by William Mougayar
    Venture advisor, 4x entrepreneur, marketer & strategist. I live in Toronto, curate a lot, blog a bit, and help startups.

Reimagining the Internet’s Third Decade

clear-skies-001During the 90’s, a big trend emerged in management practices: Business Process Reengineering. Michael Hammer and James Champy wrote the seminal book, Reengineering the Corporation that swept through corporations like a tsunami. I was at the center of this trend, as HP’s Business Process Reengineering Manager, aka as “Reengineering Czar”, a role title that the book recommended for any company that was embarking on reengineering efforts.

With BPR, Information Technology was the catalyst for change. But when the commercial Internet came along in 1994, I saw it becoming that new catalyst even more than reengineering, and not only within corporations, but also globally, across organizations and between people. [that is the reason why I left HP in 1995]

For background, one of the grand realizations of BPR was to break-up processes that resided inside corporates silos, and replace them by better ones that spawned across departments and functional areas. Basically, these new processes (that were aligned with the company objectives) trumped existing processes that were obliterated and replaced by the more significant ones. And a new concept emerged,- that of a “process owner” whose job was to ensure the new process was well designed, deployed, used, and bearing its promised fruit.

Keeping with its reengineering promise, the Internet has been changing a lot of our world since 1994, but as we enter the third decade of the web’s commercialization, maybe there is even more impact that we need to expect from it.

Today, I see three areas where the Internet’s impact is going to continue to increase:

1) Industries & sectors that have not been totally affected yet.

So far, the Internet has hit or missed industries and sectors with varying degrees of depth and consequences. Some of the obvious industries that have not been significantly affected yet include: education, agriculture, healthcare, telecommunications, and financial services. These are huge industries, and their unbundling has just started.

2) Messes that were created.

The Internet was not planned, but it just happened. The resulting effect was an imbroglio of services, and some messy overlaps with marginal differentiation, competing for our attention. Typically, market supply/demand dynamics take care of winners and loser. We are starting to see second attempts at Internet businesses that didn’t get a first chance in its first decade, but getting it now in the third decade, such as home grocery deliveries, pet sitting services, or locally-enabled shared services.

3) Weak incumbents.

The new incumbents are the existing Web companies who will become more vulnerable due to the shifting effects of new technologies that underlie their business models. Of course, technology alone isn’t enough, but technology will enable putting in place some compelling new services that will facilitate the switching of allegiances. On the block, companies like eBay, Amazon, UBER or even Instagram might see some challenges ahead, especially with the advent of new decentralization stacks.

In order to complete this picture, we need to look at the disruptive technologies that are the new catalyst candidates for this new wave of innovations. Some of the ones will include:

  • Continued compute power and capabilities expansion into mobile devices, coupled with the smartification of edge things.

  • Mesh networks and services that connect people and devices in P2P settings.

  • Decentralized protocols and new technology stacks that challenge or re-define existing ones.

  • Stratification of cloud computing by flattening it at the personal, ambient, and local levels, while enriching it even further at the virtual level.

With BPR, “automation” was the proverbial word, and IT was the enabler. Today, the Internet is the new IT, but is there a better word than automation? Automation is powerful, but yet it is an archaic word that brings connotations of early industrial age manufacturing practices. Now, we are getting really good at deriving information intelligence from data, as we process, analyze, parse, un-bundle, and re-bundle new sources of data in order to derive new products and services. Today, we are in the Information Age, so why not choose another relevant word that’s more closely aligned with the power of information?

Going forward, I am seeing new opportunities in reengineering existing Internet processes, but I am also seeing opportunities in reimagining new open collaborative environments between, or on top of the existing Internet networks.

We are entering the third decade of the Internet’s commercialization, so why not expect a lot more from it?