E-Business is the trade of products, assets and information through the use of the Internet. It is all about using the convenience and worldwide reach to enhance existing business or creating new virtual business . Currently e-Business is thriving and growing at a substantial rate, it is estimated that e-Business will generate more than $2 trillion in revenues worldwide by 2005 . This trend is no surprise when the Internet is growing at 1.5 million pages per day and doubles in size every 8 months .
If businesses are to be part of the future in e-Business they must develop with the times and not fall behind. At the moment businesses seem to be doing this, as investment in computing and communications equipment now accounts for almost half of total investment in business equipment . Consumers have also taken to e-Business well and the number of buyers on the web has soared in recent years, see figure 1 . Consumers now are using the Internet to buy almost anything, from cars, holidays, clothes and weekly shopping. Customers are provided with a greater choice of products that they can compare easily to find the cheapest price.
Figure 1
E-Business is becoming ever more popular because of the advantages it brings to business and consumers. For businesses, e-Business can have the following advantages;
? Lower overheads.
? Competitive advantage.
? Closer connection with consumers.
? Wider market to sell to.
? High returns on investment
Of course ...