The Internet 's Impact On Business

Technology has been able to provide advancements in quality of life across the world. One of the biggest forms of technology is the use of the internet in a variety of different business sectors. One of the fastest growing forms of Internet use revolves around online schooling. The result is not only because of the access of the Internet, but the vast amount of resources now available just a click away. Online schooling provides several advantages and disadvantages, but the new opportunities afforded due to the change are winning out.

The world as we know it has changed drastically in the past three decades, we are slowly but surely morphing into a worldwide community dependent upon computer technology. More specifically we rely on the Internet heavily for everything in our day to day lives. The benefits of expediency and the convenience afforded to those who utilize information systems their business dynamics is undeniable.

Businesses are discovering the Internet as the most powerful and cost effective tool in history. The Net provides a faster, more efficient way to work colleagues, customers, vendors and business partners- irrespective of location or operating system harnessing this powerful resource gives companies strategic advantages by leveraging information into essential business asset. The "technology of the future" here today. This is a fact. Businesses making the transition will, and are prospering; however those that do not will most certainly suffer the consequences.

The logical conclusion of technological innovations is the digital age we are experiencing today. The rapid developments in the field of information systems and telecommunications have led to the prevalence of the Internet. The development and upgrading of commercial activity is influenced by the internet, which is now an integral part of the communication activity of businesses and individual users.

In today’s world of business, everything is computerized and most of the companies use the Internet and information business to help keep their quality, save time and also cost. It also can reach out to more customers worldwide. For an example, with a website in the internet, it would relay the message to millions of viewers worldwide regarding the product and service that the particular company can provide and indirectly saves cost in advertising in television and print advertisments.

In order to succeed today, organizations that are competing in global markets are increasing rapidly. The increased use of technologies such as the Internet, intranets, and extranets will definitely revolutionize how businesses will operate and how they will use computers to compete. The Internet and related technologies and applications have changed the ways companies operate their businesses processes and activities. For example, companies can network their offices and share data to be more effective and efficient. However, excessive use of the Internet, intranets, and extranets also create intense

Online business using the internet has experienced significant growth over the last two decades. According to the Internet World Stats (2014) the number of worldwide internet users has grown from an estimated 16 million in 1995 to 2.9 billion in 2014. This world of interconnectivity has provided a way for people all around the globe to communicate with one another in a real time format. The internet has removed the distance between governments, industries, businesses and individuals. This interconnectivity has helped to establish the foundation for a globalized community. This interconnectivity has sped up the game by which a business plays. This has also forced a new breed of leadership to react faster and to better account for the formal and informal institutions of global business proceedings.

The Internet began as a series of linked computers originally available only to the military, and has since spread to all users throughout the world. With the birth of the Internet, various communication implementations have been developed to utilize the vast potential of these interconnected computers. The term information and communications technology (ICT) has been given to these technological advancements and encompasses various devices which range from the television to computer and network hardware. The term ICT encompasses the software and all applications which power these devices as well (Ion, 2012). One of the many benefits of information and communications technology has been to satisfy the human necessity for interaction and communication with other human beings. Through this world-wide interconnectedness, humans now have the ability embrace the many unique cultures of the world without leaving their own environments.

Technology and information have growing rapidly in recent decades led to the increasing number of new media that support the means to communicate. It is considered as a new era of communication and information. The massive scale of development gradually continued to be used by many parties, especially in the process of dissemination of information via internet. Everyone use the internet to distribute information and news to other people. The phenomenon of Internet usage is evidenced by the increasing number of internet users in the world, especially in developing countries. Based on data obtained from the International Telecommunications Union (ITU), the internet user in the developing countries is almost 2.5 billion users compared

century. It changes and benefits the way we work, socialise and how we share information.

In today’s world Internet has become one of the most important mediums of communication. It has become the lifeline of our survival. It has removed the entire social, economic and physical barrier and has immense effect on our day to day activity.

The rapid growth of Web has completely changed communication and business services in such a way accuracy, speed, and availability of network-delivered content have become completely in danger. Internet is expanding every moment that creates a significant delay making the delivery of any content becomes extremely difficult. To deal with this problem, proxy servers, also called Web cache, has been deployed in the internet by providing shared cache location for multiple clients to treat the need for swift content transmission. Proxy servers practically minimizes delivery time such as requested object exists in a close cache where the cached version has not expired.

There has been a paradigm shift in the nature of the economy; from industrial to informational. The rapid proliferation of internet have made an impact on almost every industry including the education industry. Internet has become the preferred mode of communication. It has helped in not only bringing the world closer through websites, emails, internet phones, and social media but also have been one of the most significant factor responsible for cost reduction, increased convenience, and faster process (Li, 2007). Many scholars have recognised internet as of the most effective and efficient medium of marketing and communications (Belch & Belch, 2007; Keegan & Green, 2008). Many businesses have realized the potential of

It must be stated from the outset that the internet can offer very exciting possibilities and can enable greater global connectivity. As users (albeit somewhat reluctantly) we can have tasks undertaken online virtually anywhere in the world. Not all users or generations are as savvy with

The number of Internet users has grown over 300 million in year 2000 (predictions for year 2005 are set for one billion), a third of USA 's economic growth in the period 1996-99 is directly attributed to the Internet explosion. There are over 2 billion web pages and more than 17 million registered domains (State of the Internet, 2000). These facts already indicate that the Internet has significant effect on how, why, where and when people work. The Internet and IT have the most prominent influence on more educated, skilled and ambitious people, especially those, that are regularly working with information and communication technology (ICT). Since they are also the ones that occupy important positions in organizations hierarchy and are therefore of great significance for the overall success of the