Second Blog Assignment- Business Idea

We have been asked to detail a business idea that can be helped along by the internet, using skills that we possess and enjoy using.

This is both easier and harder than it sounds.

My skils set an interests are intimately related with numbers- statistics, accounting, and the sciences. Since some of the very first advances in computer programming were designed to deal with just these areas (MISs and so forth), it would seem logical to assume that internet technology would go well with them.

One idea that would have merit is real-time financial monitoring. It is now technically feasible to continuously monitor a company's financial holdings. We already know that sales can be monitored in near-real time. As a result, it is now possible to put together complete real-time financial statements to continuously monitor a company's position, and to provide some or all of this information for a fee to anyone who requests it.

However, what would be the market? Most companies are not anxious to have this information out there, even if security is assured. It would probably require additional financial regulation requiring such monitoring for this idea to be viable. That said, the events since mid-September have been wild enough that this is now a real possibility. There are simply too many companies that have been "healthy" on Wednesday and bankrupt on Friday for regulators or investors to take chances.