LAWRENCEVILLE, N.J., Feb. 2 /PRNewswire/ -- Two years ago the Gartner
Group identified a new form of e-business -- collaborative commerce -- which
would emerge in the information technology (IT) world. Today, with dot-com
failures on the rise and experts rethinking economic forecasts, "collaborative
commerce" has quickly become much more than a simple business model for the
new economy -- it's now a survival tactic.
"e-Business will continue to evolve until all businesses are e-business.
Only companies that learn to collaborate with partners, suppliers and
customers will endure and prosper," said Lakshmi Narasimhan, president of
Ramco Systems, a leading provider of enterprise application solutions and
services for the collaborative commerce market worldwide.
In the last 10 years alone, the Internet economy has grown from zero to
over $100 billion. "As e-business traffic becomes heavier, more critical and
more complex, partnerships and collaborations will make or break a company,"
According to the Gartner Group, c-commerce systems will, in fact, become
the predominant business-to-business application model by 2004. By allowing
for a fluid interaction among personnel, partners, customers, and information
systems on the Internet, businesses will enjoy lower interaction costs,
improved quality of products/services and increased trading velocities.
A key element of this business model is identifying and forging the right
partnerships and deploying the right technologies to meet rapidly changing
market demands. Increasingly companies will need to seek partners who can
offer their customers the freedom to make quick business decisions without
being hindered by technology barriers.
One example of this is Model-e -- a Softbank funded startup in California
-- which plans to utilize the internet to allow customers to design their own
cars. In addition, Model-e will make use of a widely distributed network of
small manufacturers to actually build custom cars from concept to delivery in
about 90 days. Such are the possibilities of collaborative commerce through
"Collaborative commerce is not only about enabling transactions -- it's
about enabling relationships as well," reminded Narasimhan. To do this,
businesses will need to improve everything they do, and anticipate their
customers needs before they need them. "These imperatives, while simply
stated, are enormously difficult to implement," said Narasimhan, "but they
will be central to making enterprises work."
"You might say that the Internet has come full circle," said Narasimhan.
"Originally created by universities as a means of sharing research and data
among colleagues, it quickly evolved into a cyber-playground for computer
users worldwide. Now, once again the focus will be placed on the sharing of
"We not only preach collaborative commerce to our customers -- we live it
ourselves," said Narasimhan. "Ramco has built a vast network of best-in-class
technology and solutions partners to deliver the most comprehensive and
powerful solutions to our customers and introduce them to a whole new level of
efficiency and value."
Proof of Ramco's commitment to collaboration is their upcoming
international series of events addressing the emerging market. The Ramco Value
Net event will feature a keynote presentation by the Gartner Group and take
place February 6 in New York's Crowne Plaza/Manhattan, February 8 at Boston's
Hilton/Logan Airport, February 12 at Chicago's Westin/Michigan Avenue and
February 14 at San Francisco's Marriot/Airport.
For full program information and registration log on to
http://www.ramco.com or contact Ramco Systems via e-mail firstname.lastname@example.org.
Ramco is a leading provider of enterprise application solutions and services
for the collaborative commerce market worldwide. Originally a division of
Ramco Industries Ltd., Ramco Systems emerged as an independent company in 1999
and today employs over 1,300 software professionals and business analysts
operating out its Chennai, India headquarters. With subsidiary companies in
USA, Europe and Asia, Ramco Systems shares are listed on the Bombay Stock
Exchange, Madras Stock Exchange, and National Stock Exchange in India. For
more information visit the company's website: http://www.ramco.com.
SOURCE Ramco Systems