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Ebusinesses must win customers' trust

Ebusinesses must be proactive in the fight to protect customer data integrity online, according to EDS chief executive Dick Brown.

Andrew Craig at Comdex Fall 2000 in Las Vegas, vnunet.com 16 Nov 2000

Ebusinesses must be proactive in the fight to protect customer data integrity online, according to EDS chief executive Dick Brown.

Speaking at Comdex Fall 2000 in Las Vegas, Brown said that successful ebusiness was "about enabling relationships, not just transactions". He said that many dotcom failures were a result of businesses neglecting this relationship building.

"I believe the industry has been so consumed with chasing the e-space in a rush to build the next big website, that we have lost sight of the basic business fundamentals - the big picture. We had the glitz but missed the guts," he said.

Brown explained that establishing consumer trust was one of four key principles to successful ebusiness. He also cited eliminating boundaries between customers and suppliers, increasing collaboration with partners and suppliers, and continually seeking improvements.

"You must know your customers and they must trust that their information is secure with you. We've got to earn our customers' trust so they'll permit us to continue serving them," said Brown.

"Organisations worldwide must go on the offensive to protect their businesses. An ounce of protection is worth a pound of cure. It will take industry and government from around the world working hand in hand to protect what is ours," he added.

Brown stressed that companies must form partnerships to survive. "Community companies win over standalone companies. A startup cannot survive today unless it partners from the get up," he said, adding that this rule applied to both startups and established businesses.

Ebusinesses should continuously seek improvements, Brown added. "Great organisations look beyond the horizon. Static business models are doomed - you've got to embrace speed and make it a core value. A company that's not fast is not good," he said.

See also:

Everyone's talking about how important it is to embrace ebusiness in some shape or form. But what are the important issues, and how do you go about making money from it? vnunet.com investigates.  17 Jan 2001
Services house EDS says it wants to take on the National Health Service as its next big project.  23 Nov 2000
Struggling financial news site TheStreet.com said it would shut down its UK operation, slash 20 per cent of its workforce, and dismantle a joint newsroom with the New York Times.  17 Nov 2000
A total of 130 internet companies have shut down in the US since January, making redundant 8,000 employees, according to a new study released on Thursday  17 Nov 2000
Security breaches cause more than $15bn worth of damage worldwide every year, yet total investment on network security is only half this, according to a study by analyst Datamonitor.  15 Nov 2000
E-tailers are increasingly fearful of fraudulent transactions as the holiday season approaches, according to the results of a new survey. Some 83 per cent of the US respondents considered online fraud to be a problem, up from 75 per cent last year.  14 Nov 2000
Civil liberties groups have slammed the Home Office decision to appoint 80 dedicated 'cybercops' in a bid to tackle on-line crime.  14 Nov 2000

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