Learn about major e-commerce milestones. This infographic takes you from the dawn of EDI in the 1960s to the advent of storefront mobile apps in 2010.
Even with a slumping global economy, online retail sales continue to rise. According to recent forecasts by Forrester Research, online retail sales will increase 17 percent in 2008 to reach an annual total of $204 billion, with the biggest sellers being clothing, computers and cars [source: InformationWeek].
The Gist Of This Infographic
The 1960’s gave rise to Electronic Data Interchange systems. This technology allowed businesses and consumers to perform financial transactions electronically and seamlessly. Advancements in electronically-processed transactions followed, and the world wide web was later developed. This laid the groundwork for the establishment of a landscape where e-commerce can evolve and thrive. This timeline infographic covers the major e-commerce milestones from the 1960’s all the way up to our present decade.
More Details On E-Commerce Milestones
In 1979, entrepreneur Michael Aldrich took EDI a step further with the invention of an online shopping system. The technology enabled online B2B (business-to-business) and B2C (business-to-consumer) transaction processing.
Soon after that, France Telecom launched Minitel, and SWREG developed secure payment. A slew of e-commerce websites contributed to the Dot-Com Bubble, including now-popular online shopping sites like eBay and Amazon. (Learn more on Wikipedia)
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