In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Wednesday, May 8, 2013

What is E-business

What is E-business
E-business can be defined as the use of automation and communications to carry out business transactions without manual or labor intensive.

E-commerce consisted of the transactions that support e-business.

Customer and supplier information
E-business can give you billions of bytes of information on how people navigate your website. This is nice in academic books, but it is not the real world.

If your gather these data, you have to ask if it is worth it. How will you analyze it? What decision will you base on all of these raw data?

Experience shows that it is best to gather sales, workflow and other tangible information.

This can help you determine where you can further improve your processes.

Business transactions
It is here that e-business makes the difference. Organization rise and fall depending on the performance of key transactions.

Here is also where many e-business efforts fail. They do not address existing transactions, but instead focus on just the e-business. How well you do in e-business depends on how you deal with both regular and e-business transactions.

Information technology
Information technology (IT) is obviously a main ingredient in e-business. However, IT supports and enables e-business.

When you implement e-business, you ill enhance your IT infrastructure, but you are not going to replace it.

Even with a startup you will be able to afford only some key components. Moreover, of someone obsesses over IT, e-business is diverted. Important areas such as marketing and logistics are neglected.
What is E-business

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