History and evolution of E-commerce (Week 3)

E-commerce are the activities that consists of the buying and selling of products or services through an electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown since the spread of the Internet. With the use of E-commerce, lots of activities can be carried out easily and this has benefited us a lot. The activities can be carried out are such as electronic funds transfer, Internet marketing, online transaction processing, electronic data interchange (EDI), customer relationship management (CRM)and else,

E-commerce has been changed and evolves over the last 30 years. Originally, electronic commerce are created for the facilitation of commercial transactions to be done electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). These were both introduced in the late 1970s, allowing businesses to send commercial document likes invoices and purchase order electronically. The rapid growth and use of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of electronic commerce. In the late 1990s,Jeff Bezos launched Amazon.com ,the first e book retailer has born. Other companies such as Dell and Cisco began to aggressively use Internet for their commercial transactions. Furthermore, eBay was founded by computer programmer Pierre Omidyar as AuctionWeb and now it is the famous auction website ever in the world.