April 21, 2008

Stupid Phrases Only a Tech Analyst Could Love

"Consolidated Web 2.0 Market" - Where do they come up with this stuff?

"The buying market for Web 2.0 technologies such as blogs, wikis and social networks will grow to $4.6 billion in 2013, predicts a Forrester Report released today."

"the number of vendors offering Web 2.0 software will likely shrink during the next few years as vendors such as IBM and Microsoft put a chokehold on the market."

I recall similar projections of the "Web Market" and "Portal Market" and others...all wrong in the end.

What they call "Web 2.0" is wrong...and by the time we get to 2013, "Web 2.0" will be considered the way we do "Web"...and someone will have coined a new phrase for the latest tech craze for what comes after "Web 3.0".

Only tech investors bother to listen to the tech analysts at the pulpit...or should I say altar of technology...when they spout this stuff. Of course, the analysts always predict that market leaders like IBM and MS will dominate the market of the future. Funny, I've never yet seen an analyst predict that a Google would rise out of nowhere...or that Apple would become a major force in the marketplace again...so essentially, investors pay to be told that they should invest in "market leading" blue chips...for whom Web 2.0 is a minor business concern (i.e. small percent of their revenue/profit).