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Evolution of e-Business

E-business is the conduct of business processes on the internet. Importantly, it refers to the use of the Web, Internet, intranets, extranets or some combination thereof to conduct business. Also, it propels productivity and competitiveness and is accessible to all enterprises, and as such, represents an opportunity also for SME (small-to-medium enterprise) competitiveness.

Despite this, traditional business is typically an organization that is a store, or agency. These types of businesses offer consumers some kind of service or product. A traditional business operates to provide its customers and consumers with a product in exchange for compensation.

Apart from this, the first major milestone in e-business was the introduction of the Internet to household consumers in 1994. In addition, the rise of e-commerce has been meteoric as consumers gained greater access to the web. And businesses large and small found effective ways to reach them.

From “Electronic” to “Mobile”

The latter half of the 21st century’s first decade saw the emergence of mobile commerce. Collectively, e-commerce and m-commerce combined for significant growth in customer access. Like promotional messages and research information often contributing to in-store purchases.

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