1995: The Year the Internet Transformed Business
There have been numerous news stories lately considering Amazon’s 20th anniversary, and with good reason. Since its inception in 1995, the company has been a pioneer in online shopping, initiating or driving many of the changes that we take for granted today. Along the way, Amazon has singularly impacted and changed retail organizations from Mom and Pop shops to multi-national corporations. Book sales were certainly the company’s first and highest-profile success, but its ambitions extended far beyond the best seller list.
However, Amazon wasn’t the only company in 1995 that leveraged the Internet to disrupt conventional business practices. In fact, two others that launched that year – craigslist.org and eBay – have arguably had as great an effect in altering the way that consumers and businesses regard and use online resources. In essence, 1995 saw all these companies help move the Internet from being a medium for exchanging information to one for exchanging goods and services.
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NOTE: This column was originally published in the Pund-IT Review.