Process nets that connect trading partners on the Internet becoming more relevant
Oct. 29, 2001 -- Aberdeen Group, a Boston-based information technology market analysis and positioning service firm...
Oct. 29, 2001 — Aberdeen Group, a Boston-based information technology market analysis and positioning service firm, has produced a new report titled “The Second Coming of Net Markets.” This research discusses how changes in the economy and the business ecosystem have placed more significance on “Process Networks.”
Aberdeen defines Process Networks, or Process Nets, as entities that support business processes in a connected environment, such as a Net Market, an exchange, or a private trading network.
The findings referenced in this InSight report are the result of an extensive effort by Aberdeen to establish a framework consisting of more than 100 metrics, which measured the momentum and success of Process Nets as they endeavor to achieve critical mass. Of those Process Nets examined, Aberdeen discovered that nearly two-thirds of them are seeing an increase in participant interaction.
“Many people have mistakenly confused the core value of Process Nets with dot.com execution,” said William Brandel, research director, e-Business at Aberdeen. “Using the Internet to connect trading partners and leverage common processes through a centralized location is not only a viable concept, but it is even more relevant with existing economic conditions and emerging business trends.