By Derek Lee D’Amato
Most of the time the first thing that came to mind about electronic commerce or e-business is shopping online. However, this includes many other activities related to business trading. Some categories related to e-Business yes includes business to consumers (B2C) and others between businesses on the Web known as B2B. In simple words, any transaction between stakeholders executed on the World Wide Web includes private companies, governments, and the end customer. If you are interested to grow your business internationally or set up an online business from scratch as a young entrepreneur, e-business can comprise a range of functions and services. The growth of e-business in recent decades has given rise to new business requirements. There are several types of e-business models. In the business-to-consumer (B2C) model, sellers offer products and services directly to consumers online, and the buyer purchases them via the internet. Under the business-to-business (B2B) model, companies use the internet to conduct transactions with one another. Unlike B2C transactions, B2B transactions usually involve multiple online transactions at each step of the supply chain. E-business has drastically changed how corporations as well as non-profit ones, government agencies and other such institutions operate, allowing them to increase productivity, lower costs and move more quickly. As a result of the time savings, businesses can either decrease their headcount or shift worker time to higher-value tasks. Additionally, such digital systems reduce the time between invoicing and payment, thereby improving cash flow for the business. E-business tactics offer advantages such as reaching a wider customer base and faster transactions, but they also come with associated risks. For example, e-business creates huge data security risks, because customers are often required to provide sensitive information, such as contact information and credit card numbers, during e-business transactions. Finally, we can say that E-business has an important strategic role for companies wanting a stronger performance on the web. It is part of a great moment of digital transformation that offers companies more growth opportunities. For the benefits to be fully enjoyed, it’s vital to shape your education with new emerging technologies and have the appropriate tools to become part of this new business era.