The internet has forever transformed the way we transact business, and how we work with our communities of citizens, customers, partners, suppliers and employees.
It is rapidly becoming the enabling infrastructure of modern business – what we learn e-business and companies realize they must incorporate it into their existing sources of value creation to improve competitive advantage.
By e-business, Oracle understands this to be an Internet technology-based business information architecture that transparently integrates all business information and flows, and allows access to this information anywhere at any time.
The use of common Internet standard and technologies promote efficient and predictable communication and dramatically lowers the cost of managing information. It no longer takes years to implement new systems or upgrade and modernize existing ones.
Many organizations are transforming their systems to embrace the Internet in just a few weeks or months, Solutions do not need to be complex, but they must be part of a wider effort to enhance information sharing, streamline operations and modernize business practices.
As we move from the early phase of the Internet infrastructure creation, the innovation will shift from products to services.
Any company will be able to use Internet to provide better, cheaper and more customized products and services to the consumers. And governments will be able to provide more efficient services to citizens, while reducing their internal cost.
The consumer will probably profit most from this improvement in market efficiencies, as more and more companies and public agencies put customer at the beginning of the value chain.
It is probable that a lot of the cost savings will be passed to the customer through lower prices for the same or better service.
The Internet and Business
