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| Business of Information Technology > Business Processes > |
eBusiness
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ALSO CALLED: e-Business and e Business
DEFINITION: E-business (electronic business), derived from such terms as "e-mail" and "e-commerce," is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners. One of the first to use the term was IBM, when, in October, 1997, it
Definition continues below.
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EBUSINESS DEFINITION (continued):
launched a thematic campaign built around the term. Today, major corporations are rethinking their businesses in terms of the Internet and its new culture and capabilities. Companies are using the Web to buy parts and supplies from other companies, to collaborate on sales promotions, and to do joint research. Exploiting the convenience, availability, and world-wide reach of the Internet, many companies, such as Amazon.com, the book sellers, have already discovered how to use the Internet successfully.
eBusiness definition sponsored by SearchCIO.com, powered by WhatIs.com an online computer dictionary
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