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Background and Introduction to the Digital Economy (3)Filed Under: General

Electronic commerce has changed the way business is conducted significantly. Businesses are focusing on conducting as much as possible through the Internet – be it payments of bills or ordering an appliance. For all of these things to happen through the Internet, there is a need for massive infrastructure comprising servers, operating systems, applications, software and the information-communications systems (embedded into Internet terminology). E-Business needs the support services of service providers and communications providers who make things happen through the Internet.

Telecommunications technologies like WAP (Wireless Application Protocol), VoIP (Voice over Internet Protocol), have emerged, and many more new technologies are in the E-Business environment. All are occurring before the impact of the existing or previous technology slowly sets in our minds.
Related technology issues for any E-Business environment are faced with:
• Convergence: all information appliances will be connected to some version of the Internet. At the same time, the cost of moving people and goods around is going to go up, and the cost of moving information around is going down.

The result:  a massive restructuring not only of the economy but also of the human landscape.
• Standardization: E-Business will operate in a much more open standards world than it has in the last decade. The tremendous private and public investments in Internet technology over the past year also mean that it will be very difficult for any single company to invest sufficiently in research, development and marketing to promote large-scale proprietary standards.

Taken From : Digital Economy – Impacts, Influences and Challenges