Intel Swims the Web Services Waters With RosettaNet
While a lot of vendors are touting the advantages of Web services, Intel is staking claim to being among the first to be successful in not only achieving the advantages but also in using them to increase profitability.Intel Monday held itself up as example of how effective Web services standards can be. The vendor is claiming a nearly seven-fold increase in the amount of business processed in the past year due to its widespread implementation of RosettaNet e-business technology standards.
So far this year, Intel has processed more than 10 percent of its revenue and supplier purchases using RosettaNet e-business technology standards. This translates into more than $3 billion in customer orders and $2 billion in supplier purchases, and represents a nearly seven-fold increase in the amount of business processed in the past year.
The vendor made the announcement Monday at this week's Intel RosettaNet Interoperability Fest (IOF) being held in Beijing. Intel is hosting the three-day testing session between 30 companies operating in China.
First introduced in 1998, RosettaNet is series of Web standards established by the nonprofit organization of the same name. Its goal is to implement consistent standards for supply chain transactions on the Internet. Intel is one of the co-founders of the organization, and it has chaired the consortium for the past four years.
RosettaNet uses XML at its core to enable suppliers and customers to automate various supply chain tasks, like collaborative demand forecasting, order management, shipping and receiving logistics, invoicing, and payment.
Chris Thomas, chief strategist for Intel's Solutions Market Development Group, described the standards as examples of "early Web services" to ServerWatch.
The consortium has 13 vendors developing and selling applications that comply to the standards.
Intel participates in 30,000 RosettaNet-based transactions per month, more than half of which is conducted with companies in Asia. Intel claims a total of 90 partners and suppliers based in 17 countries.