Internet

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Internet

a global ‘web’ of COMPUTER networks which use the same agreed ‘protocols’ (agreed methods of communication). The WORLD WIDE WEB (www or ‘the web’) is a vast collection of computers able to support multi-media formats and accessible via web-browsers' (search and navigation tools). Data stored in these computers (‘servers’) is organized into pages with hypertext links, each page having a unique address.

Connection to the web usually requires access to a personal computer, a modem and a telephone line, although it is now possible to receive television-based Internet services.

The Internet is increasingly used by businesses for the conduct of electronic commerce (E-COMMERCE, for short), and has thus provided a new powerful alternative means to conventional distribution channels of selling goods. See MARKET.

In 2004 around 9 million households in the UK owned personal computers with some 7 million of these using the Internet. The number of people worldwide using the Internet is estimated at 300 million and rising rapidly. See CUSTOMER RELATIONSHIP MANAGEMENT.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

Internet

a global ‘web’ of COMPUTER networks that use the same agreed ‘protocols’ (agreed methods of communication). The WORLD WIDE WEB (www or ‘the web’) is a vast collection of computers able to support multimedia formats and accessible via ‘web-browsers’ (search and navigation tools). Data stored in these computers (‘servers’) is organized into pages with hypertext links, each page having a unique address.

Connection to the web usually requires access to a personal computer, a modem and a telephone line, although it is now possible to receive television-based Internet services.

The Internet is increasingly used by businesses for the conduct of electronic commerce (E-COMMERCE, for short) and has thus provided a new powerful alternative means to conventional distribution channels of selling goods. This has helped many smaller firms to break into markets previously dominated by large companies.

See BARRIERS TO ENTRY.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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Marko Balabanovic, innovation director at The Connected Digital Economy Catapult, told ECHO Business: "We are in a time of rapid innovation, with the internet of things representing a huge opportunity for small firms and start-ups.
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This launch will strengthen Ooredoo's activities in the Internet of Things. 'Following the marketing of the first connected device in 2014, the launch of the first M2M managed connectivity solution in 2015 and the success of the first tests on various long-range, low-consumption technologies, Ooredoo is today launching the first IoT network in Tunisia.
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