Ecommerce development

The history of ecommerce development is a story of how Information Technology has changed business processes. There are several important stages in the history of e-commerce.
The first key phase was the development of the Electronic Data Interchange (EDI). EDI is a set of standards developed in the 1960’s and standardized in the 1980’s to exchange business documents and complete electronic transactions reliably.

The next main stage came in 1992 with the Mosaic web-browser. It was the first available ‘point and click’ browser which evolved into Netscape, a downloadable browser. Now access to e-commerce became easier than ever before.
In 1995 two of the biggest names in online commerce are launched: Amazon.com and eBay.com.
Then DSL, Digital Subscriber Line, was developed providing fast, always-on connection to the Internet. And so people got the motivation to spend more time and money online.
In 1998 retail spending over the Internet reached $20 billion.
In early 2000 a major boost for e-commerce growth came from the merger between AOL and Time Warner – a chief online company with a traditional one.

Over the years e-commerce has grown into a multi-billion dollar industry. Successful business strategy nowadays is to have both online and offline stores.