There are plenty of dying markets: DVD rentals, newspaper publishing, appliance repair etc.. And now, according to Google’s Eric Schmidt, the Internet too. During the session of World Economic Forum in Davos, Switzerland, the Google executive chairman argued that, one day, “the Internet will disappear.” He explained, due to internet penetration in public life it will be difficult to identify it seperately in future.
Google “There will be so many IP addresses … so many devices, sensors, things that you are wearing, things that you are interacting with that you won’t even sense it,” he said, as published by The Hollywood Reporter. “It will be part of your presence all the time.
“Imagine you walk into a room, and the room is dynamic. And with your permission and all of that, you are interacting with the things going on in the room,” he continued. “A highly personalized, highly interactive and very, very interesting world emerges.”
Though about the mobile application, Schmidt is less certain. “All bets are off … as to what the smartphone app infrastructure is going to look like,” he said. “I view that as a completely open to all market at this point.” At the same time Goolge boss recognised his organisation has to face tough competition in future.