Abstract
The advancements in information and communication technology (ICT) have resulted in the new concepts being developed in this discipline. Ubiquitous and pervasive computing are among the number of other concepts provided by the ICT. Especially these concepts are providing scope for radical changes in business processes of organizations. It would become a necessity for integrating business with these concepts to face the new realities in business process in organizations. This chapter describes the historical background of commerce in electronic environment, the concepts related to context computing, ubiquitous computing and pervasive computing, and Grid computing. Further it explains the recent trends and also talks about the three business models with these concepts incorporated in three different contexts.
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