Thursday, 13 April 2017

What is the status quo of eBusiness?

It’s currently very difficult to trace the success of electronic business transactions with actual statistical data. What we can do is see how much we as individuals use online business in both our personal and professional lives. With the difficulties in gaining accurate statistics it’s important to treat figures with care and respect. It’s easier to look at trends that have become apparent.

  1. B2B are more dominant than B2C. In the USA, B2B make up 90% of all online transactions
  2. Electronic wholesale trade is almost 10 times as high as electronic retail trade in the US.
  3. 75% of the amount of eCommerce found in private firms is attributed to B2B transactions in Canada
  4. 50% of firms purchase online in the EU, with variations found in different sectors
  5. Only 17% of EU firms offer online orders.
  6. 85% of eCommerce sales in wholesale trade are EDI-based
  7. Online buying and selling continues to grow in both B2B and B2C.

B2B has a much longer history than B2C, which might explain why it is so dominant.  The size of the company in question will also have an influence on the level of online selling and purchasing. Larger organisations are more likely to have a solid ICT infrastructure in place, making it easier to buy and/or sell online. They are better connected and equipped for eBusiness.
As ebusiness continues to grow, digital information streams are becoming more integrated. As a result of integration the need for eBusiness standards has become a top priority. There is a need to standardise business transaction protocols, catalogue formats and the product and services classification systems.

eBusiness plays an important role in the economy of multiple countries. The larges contributions come from the B2B transactions as found in supply chains and other business networks. 

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