History


A storm has been brewing in the marketplace, and what we have seen so far may just be a ripple compared to the waves that will follow. Electronic commerce has had a brief yet eventful history, mainly because it is only considered to be in its infancy of growth. E-commerce actually began before what we know as the World Wide Web, with the introduction of Electronic Data Interchange (E.D.I.). E.D.I. allowed for suppliers to exchange information such as prices, inventory, and delivery with retailers making it possible to easily track trends, new products, and much more. This type of technology along with the expansion of the Internet grew into what we now know as e-commerce.

"Electronic commerce is the buying and selling of goods and services, the transfer of funds through digital communications, the conducting of business communication and transactions over networks and through computers. It also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, electronic data interchange, file transfer, fax, video conferencing, workflow, or interaction with a remote computer."
More simply put, e-commerce is the movement of business onto the World Wide Web. This movement has been broken up into two main sectors consisting of business to business and business to consumer. As this being the history of e-commerce it is best to tell the story of the pioneers. Business to consumer e-commerce has one defining pioneer. He is the founder of Amazon.com, Jeff Bezos. On the other hand Business to Business e-commerce has been marked by milestones.