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It seems like the web is taking over all the business processes across the globe. First it was communication, next it was buying and selling and now even servicing and business collaborations have gone online under the name E-business.
eBusinessis an umbrella term used for all business activities that are done using the mode of internet. In essence, it is virtual business. Globalization has changed the rules of business forever. There is a demand for flexibly, speed and a need to be cost efficient. It was for these reasons that software development projects and other business process were outsourced offshore. Businesses across the world soon adopted this and soon there were demands for effective communication, information transfer across countries.
With the trend of offshore software development spreading like wild fire, the potential of IT talent in various countries were recognized and the potential cost effectiveness tied to it allured more multinational businesses.
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