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.

Thursday, October 1, 2009

Business Value of Extranet

Business Value of Extranet
As business continue to use open Internet technologies (extranets) to improve communication with customers and partners, they can gain many competitive advantages along the way – in product development, cost savings, marketing, distribution and leveraging their partnerships.

Extranets are network links that use Internet technologies to interconnect the intranet of a business with the intranets of its customers, suppliers or other business partners.

Companies can establish direct private network links between themselves, or create private secure Internet links between them called virtual private network.

Or company can use the unsecured Internet as the extranet link between its extranet and consumers and others, but rely on encryption of sensitive data and its own fire wall system to provide adequate security.

Thus extranets enable customer, suppliers, consultants, subcontractors, business prospects, and others to access selected intranets websites and other company database.

The business value of extranets is derived from several factors.

First, the Web browser technology of extranets makes customer and supplier access of intranet resources a lot easier and faster than previous business methods.

Second, extranets enable a company to offer new kinds of interactive Web-enabled services to their business partners. Thus extranets are another way that a business can build and strengthen strategic relationship with its customers and suppliers.

Also, extranets can enable and improve collaboration by a business with its costumers and other business partners.

Extranet facilitate an online, interactive product development, marketing, and customer focused process that can bring better designed products to market faster.
Business Value of Extranet

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