Current Trends in E-Business

Current Trends in E-Business

E-business is more than a smart web presence or a slick, flash-driven shopping cart. This is a critical emergence of business worldwide, with many technologies entering the enterprise computing eco-system. With an astounding hype over internet business scope, droves of large and medium enterprises across the world realized woefully late the immaturity and driving need for a sensible strategy deployment. But now, they have realized that for enduring competitive advantage, e-business initiatives have to cohere strongly with the overall business strategy and be driven by distinct set of objectives and measurement criteria. It is now that businesses are turning to enterprise eBusiness to enhance value for customers and increase operational efficiencies. E-business’s perspective of extending business performance on a transparent, distributed and high-speed platform like internet is today strongly established, fortunately.

It is important to understand that e-business does not claim primacy over the overall business strategy; in fact, it is a highly exciting corollary to it. There are several critical imperatives that drive the success of the e-business paradigm growth of productivity, customer centricity, disintegration of organizational boundaries and velocity, with a delicate balance between the inward and outward orientation of the fundamental business processes and transactions.

It involves a deep strike at the traditional foundation of business organization, by demanding a reordering of process flow, supply and delivery chains for maximum flexibility.

It aims to

Provide the latest service and product intelligence and insight to enterprises as they choose

Knit strongly together - customers, partners, suppliers, employees

Deliver reliability and tremendous enhancements in enterprise computing for employees

Offer ground-breaking communication and collaboration potential for global commerce networks

Reduce expenditures and elevate margins, thus profitability

E-business impacts almost all salient parts of an enterprise in a significant, transformational way - ranging from internal business systems like CRM (customer relationship management), ERP (Enterprise Resource Planning), EIP (enterprise information portal), KM (Knowledge Management), workflow & document systems, process control and internal transaction processing.

Enterprise collaboration and communication undergo tremendous progress with e-mail, voice mail, discussion forums, chat systems, data conferencing – especially collaborative work systems.

With an extended scope like never before, enterprises can extend this new computing and communication power to all, or limited/ designated user groups as they choose, for electronic commerce and transaction processing.

In order to be successful, enterprise e-business applications must support all product types, channel partners, customers, and selling processes seamlessly. Only then customers, employees, partners and suppliers stand to gain.