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VoIP - is this the next big thing on the Internet?
| Sept. 13, 2005
When Tim Berners-Lee's invention - the world wide web - was deployed over the Internet in the early 1990's, it caused
little ripple from the biggies in the business world. Even Bill Gates downplayed the future role of the web.
But he awakened just in time to catch up with the lead pack.
Today, the big guns are neither napping nor skeptical over Voice over IP (IP for Internet Protocol) or VoIP.
They are flexing their muscles.
Just look at a couple of headlines from today's news sources:
"eBay snaps up VOIP biggie Skype for $4.1bn," banners the Economic Times.
"VoIP phones set to drive $24 billion business," runs the EE Times.
The question is: Is this the next big thing on the Internet?
As you know, VoIP is an Internet telephony that uses the Internet, rather than the public switched telephone network,
for various communication services such as voice, fax, and voice messaging applications. VoIP is attractive
because the cost factor is significantly lower in VoIP than in public switched network.
For starters on VoIP, here's an introductory piece from www.Engadget.com:
"There are two camps in the VoIP world. There are the traditionalists, and there are the disrupters.
The traditionalists are fairly classical in their approach. They sell you traditional-looking, -feeling phone service
with the difference that the call goes over your own broadband connection and setup. In that camp you’d put Vonage
and Packet8 and AT&T’s CallVantage. So maybe you’d save a few dollars over your traditional phone service, but for
the most part it operates the same way.
"The disrupters are companies like Skype and SIPphone, and we believe that all calls are going to zero. Meaning that, if
I had a service where you’d have to pay for every email that you sent, and I was going to charge you more if the person
you were sending an email to lived farther away, you’d think I was crazy. But that’s how we still think of phone calls today,
even though they’re just bits of data traveling along the pipes."
My nickel worth of prediction? When there's a ripple, there is where the money. More big business players will be positioning
themselves to get a piece of the VoIP pie. Watch!
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