What is E-Commerce?
E-commerce or Electronic Commerce is conducting business transactions between individuals and companies using the Internet, computer networks, or mobile apps and devices. Modern day E-Commerce began with the development of the World Wide Web in the mid nineties. Amazon and eBay were some of the first businesses to have a pure online presence. More and more companies followed suit. Brick and mortar companies such as Wal-Mart and Target created online stores, and became known as Click and mortar companies. Today, E-Commerce is so pervasive that it is hard to imagine a world without it. Millennials (those born in the 1980’s and 1990’s) take the Internet and E-Commerce for granted. The moment they think of buying something they get online and start searching online stores such as eBay or Amazon trying to get the best deal.
The Role of the Internet in the Development of E-Commerce
The Internet and its underlying technologies provide the infrastructure of E-Commerce.
Web and networking technologies that include TCP/IP Protocols, Web Servers, Cloud computing and the mobile platform, enable a plethora of E-Commerce applications. Online Shopping Carts, Supply Chain Management and Customer Relationship Management applications are some of the systems made possible by the development of the Internet.