Intel will sell $15 billion worth of its kit through ecommerce this year, according to company chief executive Craig Barrett.
Speaking at the Dow Jones chief executive forum yesterday, Barrett said that 90 per cent of Intel's business would be transacted via the Internet in two to three years time and that 100 per cent of the company's Taiwanese customers had already moved over to Internet transactions.
"Tens of thousands of phone calls, faxes and paperwork have already disappeared," he said.
Barrett said that he believed ecommerce is currently vendor centric, when it should be customer centric. He explained that software should be smart enough to select exactly what customers need.
At this point, Barrett sneaked in one of the reasons why Intel is pushing the Internet so hard.
"A lot of processing will be done offline, in the background, which means you will need more processing power," he said.
More processing power would result in more Intel manufactured chips.
Barrett said he also believes that the cost cutting days where everything depended on the total cost of ownership are coming to an end.
"Agility will replace efficiency and become the IT mantra. In the future, we'll be concerned about agility and speed in implementing applications," he concluded.
To comment on this story email [email protected]
'Son of Concorde': Lockheed Martin and NASA start production of supersonic X-59 plane that would create a sound 'as loud as closing a car door'
When completed, the plane will travel at a speed of 1,512 kilometres per hour
Some parts of Atacama have not received rainfall for 500 years - but a sudden deluge of water upset the Desert's delicate biological balance
Spitzer Space Telescope could not spot Oumuamua, suggesting that it is actually pretty small
Greenland crater one of the 25 largest impact craters on Earth