Historical development of E-business

Introduction: 

The Internet has recently become a major technology for e-business.

As it evolved from a military and educational network to a commercial internet network in the early 1990s, and the basis of websites and e-commerce was laid with the development of the Netscape browser in 1994, and the founding of Amazon and eBay in 1995. The largest companies all have a presence on the Internet, and many of them offer goods And services for sale on their web site. As the Internet continues to develop, even small companies that do not have their own websites have developed their own websites for use in marketing and displaying their products and services.

The spread of computer and mobile devices

With the widespread use of mobile devices, there is more Internet traffic, and websites have become more mobile-friendly, with dedicated mobile applications that allow smartphones and tablets to access information.

New technologies have transformed communications in business. E-business has evolved from paper email, wire mailing, and remote writing to email, text messaging, and fax, with the latter now on the verge of disappearing. On the phone side, long distance calls are getting significantly less expensive and VoIP calls can be completely free for any internet connection. New technologies like Skype and Google Hangouts allow free video conferencing. Companies are using these new e-business technologies to communicate extensively with their employees and customers, and even to save on travel expenses for in-person meetings.

Electronic business began with the beginning of e-commerce

The history of electronic business began with the beginning of e-commerce nearly 40 years ago, and it continues to grow with new technologies, innovations and thousands of companies entering the market via the Internet every year. Electronic data intersections and remote shopping in the 1970s paved the way for the modern e-commerce store. The history of e-commerce is closely related to the history of the Internet. Online shopping only became possible when the Internet was opened to the public in 1991. Amazon.com was one of the first e-commerce sites in the United States to start selling products online and has been followed by thousands of companies since then. The convenience, security, and user experience of e-commerce has improved greatly since its existence.

Basics of E-business

One of the basics of e-business was the development of the electronic data exchange system, as this system replaced the traditional mail and fax document sending system with digital transfer of data from one computer to another without any human intervention. Michael Aldrich is a former online shop developer. In 1979, a businessman connected a television set to a transaction processing computer to a phone line and called it "telemarketing"

Commercial use of the Internet  

From the 1990s, commercial use of the Internet began. It was the true starting point of e-commerce and the spread of electronic business.The biggest retailer started around the world, selling food, toys, electronics, and more. Looks like it's on eBay or Etsy. IBM, and its agency, Ogilvy & Mather, is in using its organization of information solutions to market itself as a leader in conducting business on the Internet with the term "e-business".

Conducting market research

After conducting market research around the world in October 1997, IBM began with an eight-page piece in the Wall Street Journal that would introduce the concept of "e-business" and publicize IBM's expertise in the new area. IBM decided not to trademark the term "e-business" in the hope that other companies would use the term and create a whole new industry. However, this proved to be very successful and by 2000, to differentiate itself, IBM had launched a $ 300 million campaign around its "e-business infrastructure" capabilities. Since that time, the terms “e-business” and “e-commerce” have become interchangeable

According to all available data, e-commerce sales continued to grow in the next few years, and by the end of 2007, e-commerce sales accounted for 3.4 percent of total sales.

 Conclusion:

E-commerce has a great deal of advantages over "traditional" stores and mail order catalogs. Consumers can easily search through a large database of products and services. They can see actual prices, create an order over several days and email it as a "wish list" in the hope that someone will pay for the specified merchandise. Customers can compare prices with a click of the mouse and buy the selected product at the best price. Online sellers, in turn, also get premium benefits.

 

The web and its search engines provide a way customers can find it without an expensive advertising campaign. Even small online stores have access to global markets. Web technology also allows to track customer preferences and provide personalized marketing individually. The history of e-commerce is unimaginable without Amazon and Ebay, who were among the first Internet companies to allow electronic transactions.

 

Thanks to its founders, we now have a handsome e-commerce sector and are enjoying the benefits of buying and selling online. Currently there are 5 of the largest and most popular Internet retailers around the world: Amazon, Dell, Staples, Office Depot, and Hewlett Packard. According to statistics, the most popular product categories sold in the World Wide Web are music, books, computers, office supplies and other consumer electronic devices.

The great development in information technology and the 
use of computers in all fields and the spread of the use of
 mobile devices had a great impact on the concept of
 electronic business and e-commerce 
Its use in all operations such as buying, selling, marketing, 
distribution, employment, supply, financing and other activities, and
 this also led to the spread of companies' business and  the increasing 
of number of their  customers and thus Increase profits
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