Electronic  business commonly known as e business or an internet business. This term was put in effect  by the International business machines corporation (IBM) in 1996. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. In a more general sense, the term may be used to describe any form of electronic business that is to say, any business which utilizes a computer. This usage is somewhat archaic, however, and in most contexts e business refers exclusively to Internet businesses.

The future of E-Business:

As read from the article there are two possibilty of future in E- Business they are described below.

Incorporate partners:

If the people haven’t heard about partner relationship management software then you will now. And if the people haven’t seen any wireless applications that have gone beyond the computer industry you will see that too.

Two recent announcements by e-commerce software companies point the way to the future business-to-business e –commerce and they are wireless and incorporates partners. Comergent technologies incorporatin Belmont,Calif has the consistent experience. The company just released the version 3.0 of its comergent  distributed e business systems. It’s a new approach to e business that allows everyone in the chain of purchase of equipment-the buyer the reseller the distributor to connect into buying experience.

The solution comprises several modules: the comergent partner marketplace provides an e-commerce experience for a manufacturers partners;the comergent commerce caltog steers users to the right products based on their specific needs; the comergent marketing manager lets all the partners in the selling chain to differentiate to their customers; the comergent marketplace analyzer provides insight into e business data and the manager of that coporation uses XML to allow communications between the partners in the selling chain.

The demo that Jean kovacs president and CEO,shows how all of this works. Each of the participants in the selling chain uses a browser to access the system. Customers  get a different screen from partners,whose screen is different from the marketing manager. A customer could go to an OEM site and order a piece of equipment,whereupon the system would switch the customer to the reseller in his area.

Wireless e business:

What if you need to know about e business without the use of wires? Multi active software Vancouver, B.c has just told the world about its latest version of its e business proposal which is wireless application protocol(WAP) enabled version 2.0 which was introduced at internet world in los angeles, has the features of the earlier version with the ability to communicate to cell phones, allowing e business to go on almost everywhere.

The application consisted of a database on the back ends of wines,with various characteristics of the vintages, such as colour,name age, etc. A customer with a WAP enabled phone could go it other wine store  and go to the stores webpage. The page would download a set of menus for selecting a wine,such as color,the price ,whether the wine should be fruity or full-boiled and other things. Once a customer gets to the end of the list of menus, the page sends a wine recommendation to the WAP enabled phone. In addition to the wireless capability, 2.0 has a dynamic and preferential pricing, global commerce capability for different currencies, electronic coupons , targeted content delivery, enhanced integration for sharing knowledge between business partners, and easy implementation.

Reference:

 1.David Gabel,CRN

  2.The future of E-Business-CRN