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People have traditionally viewed e-commerce as purchasing goods via the Internet and entering their credit card for payment. This is in fact only a small component of what falls under the umbrella of e-commerce. E-commerce includes any form of business conducted electronically and therefore includes any type of business to business or business to consumer connection. Other examples include stock and bond transactions with companies such as E*Trade and ComSec, which enable clients to log on to a broker's web site and place stock orders, or electronically sending purchase orders to suppliers.
Security of information has been a large concern and internet security breaches always attract the attention of the media but all technologists would agree that transactions conducted with security protocols in place are safer accross the Internet than in the real world. Every time you pay with a credit card at a store or in a restaurant, and and every time you throw away a credit card receipt you make yourself vulnerable to fraud. In the Internet world, transactions are encrypted using Secure Sockets Layer (SSL) which creates a secure connection to the computer which you are doing business with and protects the information as it travels over the internet.
E-commerce is here to stay. The GartnerGroup (the world leader in providing technology research) predicts that business to business e-commerce will reach USD$7.29 trillion by 2004. There are clearly ways that e-commerce can benefit every organisation in the world today. Check any Internet search engine (e.g. webcrawler or yahoo) and enter key words about your industry or just enter 'e-commerce' and find out how your business can benefit from this revolution. At hype! Solutions, we can discuss your specific needs and how the services we offer can help your business advance through the 21st Century. If you have any specific questions contact us. |
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