N-GEN Communications Web-based Seminars ©NGCS

Seminar - An Overview of Communications Technologies

Module 6 - Internet, Intranet, Extranet, e-Commerce and Web Services                               Slide 50 of 70 _________________                                                                                  __________

                                              The Web Bubble of the 90s

                                            Ghost of Year 2000

                                            Anticipated Markets

                                            New Paradigm of Doing Business

                                            The Web Services

_________________                                                                                  __________

Major corporations started upgrading and modifying their old computer systems in the mid 1990s in fear of their old systems not function when the clock struck January1, 2000. Many modified the application software and many bought new computers. Not much of significance happened on January 1, 2000. The next hype in the industry came on the Internet. New companies emerged over night. Everyone  was talking about the Web and teenagers getting rich by selling their Web-sites. The shares of  Internet-related companies, with no tangible assets, climbed to record values. After the event of September 11th, 2001 everything fell apart. Companies disappeared. Telephone and Internet companies' much anticipated markets disappeared. One good thing emerging from this was a new paradigm shift in business, e-Commerce. The greatest potential of e-Commerce is in business-to-business transactions rather than business-to-consumer transactions. Major companies realized this potential and took e-Commerce to heart. e-Commerce systems were still proprietary until The Web Services standards started evolving. The Web Services standards promise transactions between two corporations immaterial of their computer systems and applications.