History of E-Commerce

History of E-Commerce

•  E-commerce actually began in the 1970s when larger corporations started creating private networks to share information with business partners and suppliers. 

• This process called Electronic Data Interchange (EDI), transmitted standardized data that streamlined the procurement process between businesses so that paperwork and human intervention were nearly eliminated.

•   EDI is still in place and effectively reduces costs and improves efficiency that an estimated 95% of Fortune 1,000 companies use it.

•   Prodigy was running text ads and selling flowers in the early '80s

•   The first documented Online sale in 1994 was what? 

          -   A  CD

• Online retailing began four years ago and was pioneered largely by Internet companies that didn't (and some still don't) perform traditional retail, such as Amazon.com and CDNow.

•  More recently, brand names like Barnes and Noble, the Gap, and Wal-Mart have set up shop on the Net, and many experts believe that these and other brand names will be able to establish long-lasting presences on the Web. 
• Today, all a person needs is a computer, a browser, and Internet access, and he or she can buy flowers, airline tickets, and even a car. Tomorrow. who knows. The sky's the limit.

• Early in 1994, working for D.E. Shaw in New York City, Jeff Bezos, a restless, 30-year-old hedge fund manager began researching the commercial possibilities of the Net.

 • A year later, Bezos drove west, raising venture funds for a new small online book shop (originally called Cadabra.com), to be launched from his garage in Bellevue, Wash.

 • Running on a Website and a warehouse, by its third year Bezos's precocious Amazon.com toppled $150 million in annual sales — a milestone that Wal-Mart founder Sam Walton needed 12 years (and 78 stores) to reach. 

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History of E-Commerce

• The Late 1970s and early 1980s Electronic Data Interchange (EDI) for e-commerce to transmit data from one business to another within companies. 

• 1990: Tim Berners-Lee writes the first web browser, using NeXT computer.

 • 1994: Pizza Hut offers pizza ordering on its website. The first online bank opens. Attempts to offer flower delivery and magazine subscriptions online. 

• 1995:Jeff Bezons launches amazon.com and the first commercial-free 24-hour e-Bay is founded.

 • 1998: Electronic postal stamps can be purchased from the web.

 • 2008: E-commerce sales projected to reach $204 billion, an increase of 17 percent over 2007.

 • Distributing, buying, selling, and marketing products and services over electronic systems 

• E-business for commercial transactions 

• Involves supply chain management, e-marketing, online marketing, EDI

 • Uses electronic technology such as: - Internet - Extranet/Intranet - Protocols

• The Internet is the perfect vehicle for e-commerce because of its open standards and structure. 

• No other methodology or technology has proven to work as well as the Internet for distributing information and bringing people together. 

• It’s cheap and relatively easy to use as a medium for connecting customers, suppliers, and employees of a firm. 

• No other mechanism has been created that allows organizations to reach out to anyone and everyone like the Internet.

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Brief History of E-Commerce

☐ The 1970s

• E-commerce meant the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT), allowing businesses to send commercial documents like purchase orders or invoices electronically.

☐ The 1980s

• The growth and acceptance of credit cards Automated teller machines (ATM)

• Telephone banking

• Airline reservation system

☐ The 1990s

• The Internet commercialized and users flocked to participate in the form of dot-coms, or Internet start-ups

• Innovative applications ranging from online direct sales to e-learning experiences

☐ The 2000s

• Many European and American business companies offered their services through the World Wide Web.

• Since then, people began to associate the word "e-commerce"

☐1999

• the emphasis of EC shifted from B2C to B2B 

☐2001

•  the emphasis shifted from B2B to B2E, c-commerce, e-government, e-learning, and m-commerce EC will undoubtedly continue to shift and change....