THE E-BUSINESS REVOLUTION

(Subject – Computer Applications and Management)

 
 
 
 

A Group Discussion Presentation

By 
  
Team: Group 5
Enrollment No Range (ADTU/2019-21/MBA(FT)/041 to 050)
 
 
 
Members:
Adar Das – 041
Hemanta Upadhyaya – 042
Ariya Nag – 043
Karishma Sonowal – 044
Ankur Kalita – 045
Moumita Sen – 046
Rupom Hazarika – 047
Tridip Sonowal – 048
Suraj Sonowal – 049
Priyanka Bhattacharjya - 050
 INTRODUCTION

 
 
 
The advent of the internet has provided organizations the ability to conduct business beyond the traditional
brick and mortar business model and expand beyond organizational and geographic boundaries. As the Internet continues to grow
in size and capability, many firms are implementing Web-based applications and Internet-derived economic change continues to
occur. Especially, in the last twenty years, e-commerce entirely revolutionized the retail experience. It went from being an
essentially non-existent business model to becoming a potential threat to the traditional mall as we know it. E-business has not just
grown exponentially, but it has evolved and transformed over the time to meet the ever changing whims and needs of the modern
day consumer. E-business is short for electronic business .It is the activity of doing business electronically. The effective use of
information technology enables business to perform many business activities quickly and easily. The most common form E-
business uses web technology. Websites are used by business for many different purposes. The world of e-Business has matured as
a result of two factors – cultural acceptance of electronic distribution, and technology evolution. [1] [2]
 OBJECTIVES
 

 
 
To review the evolution and revolution of e-Business
To understand the meaning of e-Business
To identify the different features of e-Business
To classify the e-Business
To evaluate the advantages of e-Business
To have a look into the future of e-Business
 DESCRIPTION
 
 
 
 
Meaning of e-Business
E-business means business transactions that take place online with the help of the internet. E-business is an abbreviation for electronic
business. The term “e-business” came into existence in the year 1996 when it was coined by IBM's marketing and Internet team.
 

Evolution of e-Business [3][4][5]

1969: CompuServe, the first significant eCommerce company is established by Dr John R. Goltz and Jeffrey Wilkins by utilizing a dial-up
connection. This is the first time eCommerce was introduced. It provided dial-up computer timesharing to business. Later, it grew into a solid
business providing corporations with online data.
1970s: Innovations like Electronic Funds Transfer (EFT) funds routed electronically from organization to another (limited to large corporations
only).
1971: The ARPANET was used to arrange a cannabis sale between students at the Standard Artificial Intelligence Laboratory and the
Massachusetts Institute of Technology.
1979: Michael Aldrich invented electronic shopping (he is also considered as founder or inventor of eCommerce). This was done by connecting a
transaction-processing computer with a modified TV through a telephone connection. This was done for transmission of secure data.
1981: Thomson Holidays UK is the first Business-to-Business(B2B) online shopping system to be installed.
1982: The continued growth of technology, particularly in electronics led to the launch of the first eCommerce platforms by Boston Computer
Exchange.
1980: Minitel was introduced nationwide in France by French Telecom and used for online ordering.
1984: Again CompuServe, which started in 1969, launched the Electronic Mall in the US and Canada. It is the first comprehensive Electronic
Commerce Service.
1984: Gateshead SIS/ Tesco is the first B2C (Business-to-Consumer) online shopping system.
1990s: The Internet commercialized and users flocked to participate in the form of dot-com or Internet Start-Ups.
1990: Tim Berners-Lee wrote the first web browser, WorldWideWeb and released in 1991.
1992: Book Stacks Unlimited in Cleverland opens a commercial sales website (www.books.com) selling books online with credit card processing.
1994: Netscape Navigator, the first widely-used web browser, was launched by Marc Andreessen and Jim Clark. It was used on the Windows
platform.
Pizza Hut offers online ordering website.
1995: The year marked the iconic development in the history of eCommerce as Amazon and eBay were launched. Amazon sold their very first
book. Amazon was started by Jeff Bezos, while Pierre Omidyar launched eBay.
1996: Over 40 Million people have Internet access, and online sales surpass $1 Billion for the year.
1997: Introduction of a brand new phrase e-Business
1998: PayPal launched as the first eCommerce payment system and changed the way people make online payments online.
1999: Alibaba started its online shopping platform in 1999 in China with more than $25 million as capital. Gradually it turned out to be an
eCommerce giant.
The emphasis of e-Business shifted from B2C to B2B.
1999: Business.com sold for $7.5 Million to eCompanies, which was acquired in 1997 for only $149,000.
1999: Global e-Commerce reached $150 Billion.
2000: Google launched the first online advertising tool named Google AdWords as a way to help retailers to utilize the pay-per-click (PPC)
context.
2001: eBay had the largest userbase of any e-Commerce site.
2001: The emphasis also shifted from B2B to B2E, e-Government, e-Learning, and m-Commerce.
2001: Alibaba.com achieved profitability in December 2001.
2002: eBay acquired PayPal for $1.5 Billion.
2003: Apple launched iTunes, the first major Digital Music Store.
2005: The term “Cyber Monday” was coined and became one of the biggest online shopping days of the year in US.
2006: Facebook begins selling advertisements.
2007: Magento, an eCommerce Content Management System, launched and was later acquired by eBay in 2011.
2008: Online purchases were on Mobile Phones for the first time.
2011: Google launched its Online Wallet Payment app.
2011: One of the earliest moves by Facebook to launch sponsored stories for advertisements.
2014: Apple launched Apply Pay, an online payment application.
2014: Alibaba Group had the largest Initial Public Offering(IPO) ever, worth $25 Billion.
2017: Instagram introduces shoppable tags- enabling people to sell directly from the social media platform.
2017: Retail eCommerce Sales across the world reached $2.304 Trillion, which was a 24.8 % increase than previous year.
2019: Walmart had wrapped up Flipkart acquisition for $16 Billion, a valuation of over $20 Billion, which makes it the world’s biggest
eCommerce deal. Walmart acquired around 77% of the Bengaluru-based company. [6]
2020: e-Commerce sales all around the world is anticipated to exceed $4.9 Trillion in 2021, a 265% growth rate from $1.3 Trillion in 2014. [7]
 FEATURES OF E-BUSINESS

 
 
 
It is easy to set up
There are no geographical boundaries
Much cheaper than traditional business
There are flexible business hours
Marketing strategies cost less
Online business receive subsidies from the government
There are a few security and integrity issues
There is no personal touch
Buyer and seller don’t meet
Delivery of products takes time
There is a transaction risk
Anyone can buy anything from anywhere at anytime
The transaction risk is higher than traditional business
 TYPES OF E-COMMERCE

 
 
 
Business-to-Business (B2B):
Transactions that take place between two organizations come under Business to Business(B2B). Producers and
traditional commerce wholesalers typically operate with this type of electronic commerce. Also, it greatly improves
the efficiency of companies.

Business-to-Consumer (B2C):
When a consumer buys products from a seller then it is business to consumer transaction. People shopping from
Flipkart, Amazon, etc is an example of business to consumer transaction. In such a transaction the final consumer
himself is directly buying from the seller.

Consumer-to-Consumer (C2C):
A consumer selling product or service to another consumer is a consumer to consumer transaction. For example,
people put up ads on OLX of the products that they want to sell. C2C type of transactions generally occurs for
second-hand products. The website is only the facilitator not the provider of the goods or the service.

Consumer-to-Business (C2B):
In C2B there is a complete reversal of the traditional sense of exchanging goods. This type of e-commerce is very
common in crowd-sourcing based projects. A large number of individuals make their services or products available
for purchase for companies seeking precisely these types of services or products.
Consumer-to-Administration (C2A):
The Consumer-to-Administration model encompasses all electronic transactions conducted between individuals and
public administration. Some examples of applications include
Education – disseminating information, distance learning, etc.
Taxes – filing tax returns, payments, etc.
Health – appointments, information about illnesses, payment of health services, etc.

Business-to-Administration (B2A):
This part of e-commerce encompasses all transactions conducted online by companies and public administration or
the government and its varies agencies. Also, these types of services have increased considerably in recent years
with investments made in e-government.
 ADVANTAGES OF E-BUSINESS

 
 
 
 Cost-effective
 Secure
 Easy to find products
 Faster buying & selling system
 Doesn't require any physical shop.
 Represent your business in the world
 A huge amount of profit
 Gain your new customer
 CONCLUSION

 
 
 
The ever-changing landscape of eCommerce is both scary and exciting. Every year, there are changes that
may help in growing e-businesses or new challenges that may hamper e-businesses to be able to keep up. Whatever
ups and downs, the eCommerce market is still expanding bigger and brighter as ever. New studies projected that the
worldwide retail eCommerce sales will reach a new high by 2021. Ecommerce businesses should anticipate a 265%
growth rate, from $1.3 trillion in 2014 to $4.9 trillion in 2021. This shows a future of steady upward trend with no
signs of decline.
 REFERENCE

 
 
 
1. GRIN: “E-Business Evolution by James Tallant” – https://m.grin.com/document/167265

2. SEOMining: “Roles and Stages of e-Business Evolution” – https://

www.seomining.com/ebusinessarchitecture-concepts/module4/stages-evolution-information.php

3. WebFX Blog: “The Evolution of Ecommerce” - https://www.webfx.com/blog/general/the-evolution-ofecommerce

4. Wikipedia: “E-commerce: Timeline” - https://en.m.wikipedia.org/wiki/E-commerce

5. Forbes: “The Evolution of eCommerce” – https://www.forbes.com/sites/steveolenski/2015/12/29/theevolution-of-ecommerce/

6. Wikipedia: “Flipkart” – https://en.m.wikipedia.org/wiki/Flipkart

7. Beeketing:“Future of Ecommerce in 2019: 10 International growth Trends” –

https://beeketing.com/blog/future-ecommerce-2019/