Mumbai University > Information Technology > Sem 7 > E–Commerce and E-Business

Marks: 10 M

E-business:

E-Business is the electronic connection of business operations to customers, suppliers, employees and other partners.

E-Business refers to a broader definition of ecommerce, not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, conducting e-learning, and processing electronic transactions

Evolution of e-business :

• Electronic data interchange (EDI) :

  electronically transfer routine documents (application enlarged pool of participating companies to include manufacturers, retailers, services)

• 1970s: innovations like electronic funds transfer (EFT) funds routed electronically from one organization to another (limited to large corporations)

• 1990s: the Internet commercialized and users flocked to participate in the form of dot-com, or Internet start-ups 1/12/2014

• 1997: Introduction of a brand new phrase – e-business

• 1999: The emphasis of e-business shifted from B2C to B2B

• 2001: The emphasis shifted from B2B to B2E, ccommerce, e-government, e-learning, and m-commerce

• 2011-12: Total online shopping and transactions in the United States between $7 to $10 trillion E-business will undoubtedly continue to shift and change