11 Facts About Electronic business

Electronic business is any kind of business or commercial transaction that includes sharing information across the internet.

The term "e-Electronic business" was coined by IBM's marketing and Internet team in 1996.

Electronic business can take place between a very large number of market participants; it can be between business and consumer, private individuals, public administrations, or any other organizations such as NGOs.

The goal of the Electronic business is to maximize customer value and gain a competitive advantage over others.

Transformation toward e-Electronic business is complex and in order for it to succeed, there is a need to balance between strategy, an adapted Electronic business model, right processes and technology.

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Key component of the Electronic business model is the revenue model or profit model, which is a framework for generating revenues.

Business internet which supports e-Electronic business has a cost to maintain of about $2 trillion in outsourced IT dollars just in the United States alone.

Those costs are almost unrelated to every additional customer the Electronic business acquires, making the marginal cost almost equal to zero.

When it comes to security solutions, sustainable electronic business requires support for data integrity, strong authentication, and privacy.

When looking at e-Electronic business we have many advantages, which are mostly connected to making doing Electronic business easier.

The benefits of implementing e-Electronic business tools are in the streamlining of Electronic business processes and not so much in the use of technology.