Another $1.4 billion lost to
disintermediation, and probably a nice cushion added to the bottom line.
And the word "
disintermediation" was heard no more.
In 1987, Malone, Yates, and Benjamin referred to
disintermediation as the "electronic brokerage effect." [26] To date, evidence of
disintermediation is not convincing, although the theoretical contribution of the concept is recognized.
Traditionally,
disintermediation has been defined as a development that enables households to bypass banks and place their savings directly with other types of financial institutions.
A co-founder and chief marketing officer at Saligent Software, Ryan does his best to quell fears about
disintermediation. He talks about the changing roles of marketer and salesperson alike.
Disintermediation resulting from manufacturers selling directly to the ultimate consumer has occurred with increased frequency and intensity as a result of the Internet.
The point of departure for this book is what the authors call "6-D Vision" which stands for demassification, decentralization, denationalization, despacialization,
disintermediation, and disaggregation.
But to remain that vital link, health systems need to be aware of and understand the implications of
disintermediation.
Certainly in the cultural realm, it appears as though the Internet is finally delivering on what cyberspace pundits once touted as "
disintermediation." That's a clunky way of saying that the Internet makes it easier for producers and consumers, sellers and buyers, and artists and audiences to find one another without having to go through--or pay off--a middleman.
As valuable members of a builder's team, a dealer and its sales force also avoid the threat of
disintermediation -- the elimination of people and jobs along the supply line -- that some e-commerce options purport to reduce costs.
Once a reserved word within the banking community, the term "
disintermediation" has now spread well beyond even the broader financial industry.
Take the phenomenon you call
disintermediation, or maybe we should call it unbrokering, or simply eliminating the middlemen.