Trends
» Today, it is brain and not brawn that is the key to sustainable economic growth. Consequently, the level of development of the services sector, particularly the knowledge-intensive segments, has become a key determinant of national competitiveness for economies around the world.
» GLOBAL IT SPENDING is expected to grow rapidly during the next five years from a projected $1.4 trillion this year to more than $2 trillion in 2003, according to the latest report from Strategic Planning Services (SPS)/Spectrum Economics, an economic consulting company in Palo Alto, Calif. By 2005, worldwide spending for IT products and services will reach $2.6 trillion.
» The market segments that will experience the fastest growth are data communications, information services, and software products, according to Carlson. Data communications is key because using networking products to tie systems together makes them more productive, IT spending was broken down into five categories: information services, software products, equipment services, equipment, and data communications. services spending is projected to reach $4.5 billion. An estimated $2 billion will be spent on software products, and another $2 billion will be spent on data communications. In 2005, however, $8.9 billion will be spent on information services, $4.3 billion will go toward software products, and $4.5 billion for data communications.
» IDC a Canadian based future analysis firm had taken comparative study between US & Canadian market for B2B, B2C & e-commerce related businesses for year 2000-2005 taking into account of previous year studies. They had done forecasting on following: for instance (a) percentage of Global e-commerce presence (b) Activities currently on websites (c) Websites interaction with SCM (d) Awareness of Internet Market concept etc.
For more details visit:
http://ebusinessroundtable.ca/english/documents/eteam/idc_comp_06-01.pdf
» PMAC (Purchasing Management Association of Canada) helps in steps of e-Procurement (A study on Impact of B2B e-Commerce in Canada). It gives insight into Canadian Business stands or place in e-Commerce issues. The study by PMAC answers some key questions as to what barriers there are to implementing e-Commerce in Canadian businesses & helping its members on those issues. For instance review the study & evaluate where your organization is in relation to other organizations in Canadian economy. They develop a process to begin discussions with IT staff & Senior Management about how to move forward into e-Commerce elaborating benefits & risks.
For further details visit:
http://www.pmac.ca/english/esurvey.html
» "Success Story of Business Buffett, Brampton, ON." Business Buffet is about Help Yourself on business information for small businesses, educators & facilitators who are interested in learning & teaching business basics. Barbara Frank Co-owner gives full credit to internet for their success & can’t imagine not having access to the internet. They believe internet provides a connectedness to the larger business world & that net has become an important marketing & distribution tool for Business Buffet. They have established their website to take advantage of time & money saving opportunities provided by the World Wide Web. Through websites small businesses, educators & facilitators anywhere in the world can access current information on “Help Yourself”.
For full Story visit:
http://e-com.ic.gc.ca/english/stories/busbuffetsucc.html
» "Success Story of Just White Shirts, Toronto, ON. This team believes that for reaching out or merchandising to world through internet & e-commerce & successful one has to remember one thing above everything else “ Know your customer & then build your site with them in mind “ & then keep updating it, keeping it fresh not only to serve existing customers but also to attract new ones. They believe their success lies within changes made in websites which ensures the site is meeting their needs & expectations.
For full story visit:
http://e-com.ic.gc.ca/english/stories/jwssucc.html
» Jenny's Floral Studio, Sarnia, Ont. President of Co. gives credit to internet for their business success. He says “The Internet seems to be a logical choice for our type of business “. They launched their Virtual Flowers Website three years ago & the Companies gross sales doubled the first year when it took to Internet, & tripled the second.
For details visit:
http://e-com.ic.gc.ca/english/stories/floralsucc.html
» SIXO Skatewear Company, Ottawa, Ontario. This story says how Internet presence helped this Co. to generate more revenue & move ahead. Mr. Welch & his wife who had retail store & then wholesale business prepared their catalogue & felt the need of Electronic presence. They feel internet has allowed them to better target retalilers. The business grew by 50-60% since he launched the website & Welch says he will be looking forward at e-Commerce & increasing his exposure through the net further.
For more Details visit:
http://e-com.ic.gc.ca/english/stories/skatesucc.html
» Typically, MNCs process the value-added services at home and outsource those with high labour-content to low-cost international service providers. India , thus, emerged as favourite destinations for software outsourcing.
» IT Enabled Services or ITES, e.g., customer interaction services Riding on the popularity of the Internet, this knowledge-added services market is expected to skyrocket to $ 200 billion by 2010, according to McKinsey & Company.
» Against this backdrop, a developing country or region that aspires to achieve rapid growth and join the global knowledge economy ought to encourage the development of its services sector. This sector has been the engine of growth and employment in developed economies.
» These activities - computing, accounting, personnel, marketing, distribution, etc. - play a fundamental role not only in the services industries, but also in manufacturing and primary industries. As much as 75 per cent of employment in manufacturing units in the US may be associated with service activities.
» Today, companies will pay almost any price to ensure that their e-business operates successfully. And, because GSI's solutions enable them to ensure smooth e-system operation, purchasing those solutions is no longer discretionary spending; it's e-business survival. These companies are now eager to embrace GSI as a true partner in their e-business initiatives.
