Impact Of Internet On Modern Corporate Business World

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Impact of internet on the modern corporate business world

“Information Technology and Business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other.” - Bill Gates
The development of Information System is an extraordinary advancement in the business sectors, thus playing an important role in revolutionizing the modern corporate business world. A wide range of people use internet for emailing, developing databases, to gather information on various arenas. Hence incorporating the resources of internet in business environment help in forming business solutions like system designing, email communication, developing software apps etc. (Granger & Schroeder, 1996, p. 85). IT is currently serving a major role in all kind of business processes. Hence a relation between IT and business can likely be compared to nervous system and good health. Business leaders having smart senses will definitely embrace this. (McCormack, 2006, p. 2) But there are some negative impacts as well. In this essay, the impacts of internet in the business in the disguise of emerging technologies like Web 2.0 and Web 3.0, their strategic competitive advantages will be critically evaluated and analysed. Also the benefits and drawbacks of the internet will be compared and contrasted here.
With the advancement of Web 2.0 and Web 3.0, the role of Information technologies in corporate sector has become
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