Final answer:
The use of information technology to automate business transactions is known as E-Commerce.
Step-by-step explanation:
E-commerce, short for electronic commerce, represents the utilization of information technology to automate and facilitate commercial transactions conducted over the internet or electronic networks. This encompasses a wide array of activities, including online retail, electronic payments, and digital supply chain management. By leveraging digital platforms, businesses can streamline their operations, reach global markets, and enhance customer experiences. E-commerce involves the electronic exchange of goods, services, and information, fostering a dynamic marketplace where buyers and sellers connect seamlessly. This transformative approach to conducting business has revolutionized traditional commerce, providing efficiency, accessibility, and scalability, thus shaping the contemporary landscape of economic interactions.