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Background and Introduction to the Digital Economy (2)Filed Under: General

All of these facts are considering E-Business systems, too. What makes the positive future scenario of the E-Business systems in the age of the information-communications ?systems development on which the digital economy is based? It is almost undoubtedly the Web development process, which is on the road in recent days. This development is correlating with the integration of the telecommunications development, content integrity and legislation definition improvements. Most of the new services are Web- based or Web-oriented that makes the clear future for E-Business development in order to fulfill information needs in the modern society.

Information technology is reshaping today’s economy and transforming businesses and consumers. This is about more than e-commerce, or e-mail, or e-trades, or e-content. It is about the “e” in economic opportunity that makes the arena for new digital economy. Technology and electronic commerce are changing the way that all industries and companies are doing business. From the automotive industry to the healthcare industry, from banking to retailing, virtually every company is moving quickly to take advantage of the tremendous opportunities offered by doing business electronically.

The e-marketplaces are changing the way business is done, and as they do so the technical demands are increasing. The marketplace would assume the role previously exclusively held by the personal relationship, assessing the reliability and worthiness of potential manufacturers. Products could be triple or quadruple sourced, as desired, provided market liquidity is evident. The time from design to production and shipping could be significantly reduced, thus providing greater agility to respond to changing market conditions or fashion sense, and in an integrated environment could reach right
down to the fabric cutting room floor. Thus, ideally, communication is improved, transaction costs reduced, time-to-market is significantly reduced, and the entire process made more fluid and responsive.

Taken From : Digital Economy – Impacts, Influences and Challenges