What is Electronic Business?

Electronic business is the communication and conducting of business through electronic information systems. With the advancement in technology and the development of the Internet, electronic business, or e-business, has become increasingly popular. From the basic email to online shops and supply chain management, e-business has had a massive impact on modern business.

The automated information systems allow businesses to communicate with all their stakeholders. This allows communication between the business and the various agents with interest in business activities. Employees, suppliers and customers all benefit from the increased communication abilities of modern technological commerce.

While the internet is a major source for e-business, it is not the only source. E-business is the all-encompassing term defining the economic electronic structure apparent in the communication and activities within businesses. Hardware, such as computers, software and applications, the services provided are also included under the broad wing of e-business.

While there are certain drawbacks and concerns with e-business the benefits usually outweigh the costs. This accounts for the ubiquitous use of e-business in today's society.