1. Digital Business Unit 1 ELECTRIC COMMERCE

2. DIGITAL AND SOCIAL WORLDS- ECONOMY, ENTERPRISE AND SOCIETY

3. DIGITAL The Digital Revolution, is the shift from mechanical and analogue electronic technology to digital electronics which began anywhere from the late 1950s to the late 1970s with the adoption and proliferation of digital computers and digital record keeping that continues to the present day

4. INTRODUCTION What is Digital Economy? Digital economy is defined as an economy that focuses on digital technologies, i.e. it is based on digital and computing technologies. It essentially covers all business, economic, social, cultural etc. activities that are supported by the web and other digital communication technologies. The term was first coined in a book “The Digital Economy: Promise and Peril in the Age of Networked Intelligence” by author Don Tapscott in 1995. There are three main components of this economy, namely, e-business e-business infrastructure e-commerce

5. Characteristics of Digital Economy Globalization Digitization Speed Information Overload and Intelligent search Markets Business Models and processes Innovation Obsolescence Opportunities Fraud Wars Organization

6. Digital Enterprise Traditional Enterprie Online selling of tangible as well as digital product Seliing of tangible products at physical stores Inventory forecasting is done online with collaboration. Production planning done well before time Provides smart E-cataloguesProvides regular paper catalogues Requires Internet, computers, smartphones, extranets and internet based EDI Requires telephone, fax, VAN’s and traditional EDI The billing and payments are done onlineIts traditional paper billing system and payments Provides value added services and