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Intro E-Commerce E-Business refers to All business processes that take place across electronic networks This includes everything from the selling of goods through the World Wide Web to bar-coding in supermarkets to interactive television and a whole host of other emerging technologies eBusiness integrates Information and Communication Technologies ICT with traditional business processes introducing efficiencies that cut costs and increase profits Businesses can be promoted internationally on the internet and business transactions buying selling and payment can be carried out on line The continuing trends are for new services coming online at a rapid rate from all corners of the globe Some high spending consumer groups are adopting the internet as a way of shopping Increased opportunities for niche markets are arising as are greater competition for those not meeting customer needs precisely The initial presence of a business online is an electronic address and a home page on the internet the home page is in essence an electronic brochure or catalogue It is stored in electronic format on that businesses computer or on a service providers computer Electronic commerce will impact on consumer markets and business to business markets The initial consumer sectors to be affected are specialist retail tourism education and entertainment Software and electronic sectors and business information sectors already use the internet for supplying data technical assistance upgrades and demonstrations E-Business Survey - Preliminary Results 20 May 2002 A new survey commissioned by the Ministry indicates that there has been a huge surge in business use of the Internet over the 21 months since a previous survey in August 2000 Three of every four large firms over 50 full-time staff now have their own website and almost all 95 have a domain name Of the firms surveyed 56 have their own website and 91 are email users The present survey is of 726 firms with six or more full-time staff There are large differences between the ways
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