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Pete da Silva is the MD and CEO of Siemens Telecommunications. |
In today's world, you cannot pick up a newspaper, magazine or click through your favourite TV channels, without encountering the subjects of Technology, with special emphasis on the Internet and E- Business.
The apparent failures of some of the World's "dotcoms" in recent weeks, together with the new age viruses such as "ILOVEYOU", may result in some sceptics declaring E- nough! I would venture to say, "you do this at your own peril..."
We will transform from a telephone-based world into a networked economy, the term " global village" is a reality. Some areas of the world will develop faster, the reason being that they have identified the prerequisites, understood them and have put actions in place. We, in Africa have models to learn from, I concede some adaptation will be required, but implementation should be achievable.
The impact of the convergence of telephony and Internet has already started to change the way we live and do business. For the people that still think that the internet is for surfing, they have unfortunately not identified a tool that entrepreneurs world wide have already started using, a tool that will allow for a competitive advantage against your competition, in whatever industry you are operating. The failures of some dotcoms, cannot be blamed on the Internet! The Internet is a tool, it cannot develop a viable business plan (take a viable business and put it on the WWW, don't expect the WWW to be the business.).
E-business is not about Technology, E-business is not about Electronic Data Interchange! It is about improved communication, the support of business processes, its about exploiting marketing and branding on the Internet. It's about giving smaller companies an opportunity to compete in the "supply chain". It's about giving you and I a better service.
During the 1998 Christmas season, 58% of US Internet households bought at least one product over the Internet, an increase of 400% over 1997. In Germany, 2.2 million of the total 8.4 million Internet users ordered at least once over the Internet.
In 1997, 0.8% of small merchants used the Internet. The expectation is that 7% will be online by 2003. Africans are traders, surely we need to exploit this tool for the sake of SMME and Black Economic Empowerment development.
There are however some concerns that need to be addressed, before wholeheartedly embracing the Internet:
We need to embrace, these changes, challenge the conventional way, before others do, in essence we need to become E-smart.
This article was written by special request.