Saving money and time by reducing intermediaries (Economical)

Description

With the existing brokers today, it has become inefficient to share data via the internet. It costs time and money. Reducing unnecessary intermediaries, by redesigning the processes and analyzing the cheapest way, will only lead to more efficiency and thereby more effectiveness.

Enablers

1) The need for communication and information
2) The open standards
3) Technology

Inhibitors

1) Increased demand for privacy and security
2) Piracy

Paradigm

The threshold to communicate is reduced and people will feel more freely to communicate directly to the other party. As a result, there will be less mis-communication.
Others will feel this reducing of intermediaries is only time consuming, because they rather want to outsource the communication. Intermediaries are sometimes used to reduce costs and time. In these cases, it is not applicable to remove them. Of course, reduction is possible, but then the aim is to make it more effective and efficient.

Experts

Proffessor Benjamin Friedman Office Address: Department of Economics, Littauer 127 Contact Information Tel: 617-495-4246 Fax: 617-495-7730 Email: bfriedman@harvard.edu

http://post.economics.harvard.edu/faculty/friedman/friedman.html http://www.greenstar.org/pressroom/lunarsociety.htm

Timing

This action has occurred as the phenomenon of disintermediation already [1] in a world where EDI (Electronic Data Interchange) has become more important.

Web resources

[1] http://pages.stern.nyu.edu/~bakos/roles-of-elec-interm.pdf
[2] http://www.subscription-agents.org/