E-Business Overview and Trends

Business interactions with suppliers, distributors, and customers over the internet.

Business firms interacting with suppliers and distributors over the internet.

Business firms interacting with customers over the internet.

Personnel recruitment, interviewing, and selection, training, and education done online.

Consumer-to-consumer commerce. Consumers sell products to other consumers.

Technology allowing employees to work remotely without being at the office.

Online meetings held via video or phone.

Using computers to connect departments and create custom products.

A society where transactions and communication are primarily digital, reducing paper usage.

Indian law that promotes paperless transactions and digital signatures. It aims to simplify business and government processes by legalizing electronic records.

This provision allows for electronic records (like emails, PDFs, etc.) to be legally accepted as evidence in place of physical documents.

This provision ensures that digital signatures have the same legal standing as traditional handwritten signatures.

This applies the legal recognition of electronic records and digital signatures to government transactions, simplifying filing, payments, approvals, etc.

This provision clarifies that keeping records electronically is legally acceptable for the required duration.

The Act legalizes electronic records and digital signatures, making paperless transactions legally valid and promoting a paperless society. It facilitates government services online.

A program that replicates itself and spreads to other computer systems, potentially causing damage.

A virus causing minor annoyance, like on-screen display issues, but no serious harm.

A virus that disrupts the normal functioning of a computer system but does not damage data.

A virus that harms or damages target data files on a computer system.

The most severe type of virus that can completely destroy a computer system.

The art of protecting information by converting it into an unreadable format, requiring a secret key to decipher.

The process of transforming readable information into an unreadable format using cryptography.

The process of transforming encrypted information back into its original readable form.

Hiring external companies to do tasks that were previously done in-house.

Tasks that are not essential to a company's main business.

Hiring external companies to do tasks that are critical to a company's success.

A subsidiary or division of a company that is specifically created to outsource a specific type of work.

An independent company or organization that is contracted to provide services.

Information shared online is vulnerable to being copied and misused.

Safeguarding information that is unique and valuable to a company, like trade secrets or inventions.

Outsourcing can improve a company's efficiency, expertise, and access to resources.

Companies providing services to their parent company or a group of related companies. They are typically subsidiaries or internal units.

Independent companies offering services to various clients across different industries. They specialize in specific tasks and operate in the open market.

Third party service providers offering a wide range of services to clients across various industries. They specialize in general tasks.

Third party service providers specializing in one or two industries and offering a range of services within those sectors.

Companies specializing in providing customer support services over the phone, often outsourced.

Outsourcing is increasingly becoming a fundamental business strategy because it helps companies focus on core competencies, reduce investment, and gain expertise.

The rise of outsourcing has shifted the business philosophy from 'doing it all yourself' to strategically outsourcing specific activities for efficiency and effectiveness.

Conducting business electronically, using the internet for transactions, communication, and operations.

Trading stocks, bonds, and other financial instruments over the internet.

Automated trading of financial instruments using software, a part of online trading.

Purchasing materials, goods, and services online, from suppliers.

Using online platforms for bidding and auctions, both for procurement and selling.

A technology that ensures secure communication during online transactions, protecting sensitive data.