A study based on interviews with 80 executives from Fortune 1000 companies, businessto-business (B2B) eCommerce is set to surge.
For example, while 46 percent of firms surveyed were not transacting business online today, 93 percent said they expected to transact business on the Internet. Forrester predicts the value of B2B eCommerce transactions could reach $2.7 trillion, with about 53 percent of that revenue flowing through online eMarketplaces.
. --93 percent said they expected to transact business on the Internet.
What is driving the rush of online traffic? The succinct answer is two factors: the Internet and information technology (IT). Together, IT and the Net are speeding transactions by automating once manual tasks. Companies are discovering the power and flexibility of the "dynamic eDuo" and their ability to improve such elemental workflows as sales and distribution of products and services.
Latest, Greatest Round of Efficiency
Efforts to achieve greater efficiency through new technology are nothing new in the upstream oil and gas industry. Exploration and production (E&P) companies for years have researched, developed, and applied a long string of new well-site capabilities in an attempt to squeeze more profits from a depleting resource base. Having long ago discovered and