ICT- REVOLUTIONIZES E-COMMERCE AND E-BUSINESS
G. K. Sivasankara Yadav
Abstract
G. K. Sivasankara Yadav
Abstract
In the emerging global economy, E-commerce and E-Business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs.
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In the emerging global economy, E-commerce and E-Business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass customization, besides reducing costs.
Key concepts: E-commerce, Electronic business, Business, Information and Communications Technology, Commerce, Computer science, World Wide Web, Marketing