The e-commerce market opportunities in the B2B space are exceptionally
greater than those in B2C. GartnerGroup, one of the leading analyst firms,
predicts that B2B e-commerce will amount to over $7 trillion by the year
2004. The interoperability and integration complexities are also
multidimensional in comparison to those in B2C space. Sean Rhody, JDJ
editor-in-chief, touched on this very topic in the March issue (Vol.5, Issue
3). Consumers have benefited from the dot-com phenomenon in terms of cost
savings, convenience and automation. Buyers and sellers in the B2B space are
after those same cost-saving benefits to increase bottom-line profitability.
Rise of the Digital Marketplace
Recent developments have seen the rise of the digital marketplace, a
centralized location where multiple buyers and sellers meet and exchange
goods, services and information. This centrali... (more)