Computer And Electronics Industry Embraces E-Commerce
Strong value chains keep industry ahead of most other business sectors and fuel trade growth.
The computer and electronics industry is leading most business sectors when it comes to embracing Internet commerce and E-business, according to a report from eMarketer, which calculates E-business statistics.
By 2005, business-to-business E-commerce trade within this sector will reach $214.0 billion, a huge jump from $47.7 billion in 2001 and $79.8 billion this year. As a percentage of total industry trade, Internet commerce accounted for 3.4% in 2001, a figure that is expected to rise to 5.2% this year and 10.1% in 2005.
Steve Butler, a senior analyst with eMarketer, says the computer and electronics industry is ahead of other business sectors because these companies have always placed an especially high priority on strengthening their value chains.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.