networkedbusiness
nounUK /ˈnɛtwɜːkt ˈbɪznəs/
US /ˈnɛtwɝːkt ˈbɪznəs/
A business where people and computers are connected so they can share information and work together.
The small shop became a networked business by linking its computers to suppliers and customers.
RELATED WORDS
OTHER MEANINGS
2. A company that relies on partnerships and connections with other organizations to operate.
As a networked business, the startup worked closely with many partner companies.
3. An organization whose employees use shared computer systems to do their work.
The networked business let staff share files instantly across offices.
4. A commercial activity carried out over connected digital systems.
Online selling is a common form of networked business.