E-Commerce has changed over the last 30 years and grows steadily from its past history until now. It was first introduced by Michael Aldrich in 1979 to allow electronic commercial transactions to be done through EDI & EFT.
~The information below shows the trend of E-Commerce:
~1980s | E-Commerce was used extensively by auto manufacturers such as Nissan. Credit cards, automated teller machine (ATM), & airline reservation system were introduced as electronic transactions. |
~1984 | EDI was standardized by using ASC X12 to enable companies to transfer large amount of transactions with one another reliably. |
~1990s | World Wide Web was first written by Tim Berners-Lee. ERP, data mining, & data warehousing were also used to support daily transaction process & keep data into shared databases. |
~1992 | CompuServe offered online retail products to its customers. Thereafter, the development of Security protocol, DSL, & Mosaic Browser allowing quicker access and connection to E-Commerce. |
~1994 | Pizza Hut offered pizza ordering on its web page for customers to order pizza grocery through online. Next, Netscape provided users a simple browser to surf Internet & safe online transaction technology. |
~1995 | Amazon was launched by Jess Bezos to permit its customers purchase books & magazines through online while eBay was created by Pierre Omidyar to allow sales take place in set-time format. |
~1998 | The growth of E-Commerce continues as Electronic Postal Stamp was created for users to download it for printing from the web. |
~ Current Trend:
E-Commerce is heavily relying by consumers as it allows them to purchase various goods through internet by using secure protocols & electronic payment services.
Series of companies such as Air Asia, Amazon, Dell, & Yahoo are also using E-Commerce continuously to promote their products or services to generate revenue.
In our opinion, the overall development process of E-Commerce should be given credit in contributing the success of E-Commerce today. The successful E-Commerce companies like Dell & Amazon will not be able to provide online transaction services to its customers if E-Commerce does not pass through all its growing process.
~For more information, please refer to following websites:
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