Just five years ago, we were using overnight services for sending or receiving documents. These days, it is just a click of a button. We can download every kind of information and academic material from places that are thousands of miles apart. At present, the IT revolution is like a honeymoon that does not seem to end. In the Internet area, professionals continue to debate regarding the definitions and domain of e-related activities.
Businesses use e-terms depending on their needs and operations.
In the banking industry alone, it is expected that more than 20 percent of U.S. households will bank online by 2004. Although still in its infancy, Web-based business models are replacing conventional business models. As of 2000, more than 600 e-exchanges have started operations in various industries. Like e-business, the Internet has brought a multitude of opportunities for higher education as well. Offering courses online has become a normal activity for many universities in the United States and overseas.