BANGALORE: Four years can be eons in
dotcom land. But those who thought dotcoms would fade away like a bad dream
would be surprised. For there has been a silent mutation that has
undergone.
This was amply evident in San Francisco, the heartland of
geeks in the US where every radio commercial still pipes out a dotcom address
urging people just not to miss it for the world.
So you have a dotcom
to buy your favourite Chevy. If you are thinking of home mortgage, there is a
dotcom. There is a dotcom for wine connoisseurs.
Want a personal loan
to buy anything which you fancy, there is a dotcom. And believe it or not, if
you want to save a tree, there is a dotcom! Apart from these busy commercials
(on radio, TV and in print) there is absolutely no hangovers of those
hyperactive days when every guy walking on a valley street could be a potential
dotcom (as was the case in Bangalore).
There are two things that are
happening in the dotcom world. One is more akin to Nicholas Negroponte's
"flip-flop" theory (which said all that is wired will go wireless and all that
is wireless will go wired). We now see much of the offline activity, which
involves human interaction, is going online.
Much of what was dreamed
could be done using the Net is going offline. Imagine a seminar which will see
much of its publicity and registration happening online and the seminar itself
will be held in an imposing auditorium, offline.
But there is an
interesting development which has happened while we slept through the tech
winter. Dotcoms have seeped into our lives. We connect with the world thanks to
a dotcom. We see most of the commercials even here in India refer to a website
with a dotcom address. Our governments are going online more and more to
increase efficiency. We turn to a website while at work catching news or a
cricket score.
Perhaps the greatest success story so far is US
entertainment mogul Barry Diller who consolidated a string of dotcoms to run a
highly profitable (in dotcom standards!) InterActive Corp (IAC) who in a recent
interview with
The New York Times
said
he would not give any forecasts to Wall Street because it is difficult to keep
pace with the speed with which his company's growing. The nerve.
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