In this thesis digitalization process and modern electronic business will be analyzed, focusing on the emergence, positive and negative connotations that these processes have brought. In addition, the impact of these processes on the individual and society as a whole will also be analyzed. Generally speaking, informatisation and technology development have brought about tremendous development and the advancement of the entire society in almost all of its segments, with particular emphasis on developing and linking the business world. With the development of informatisation and modern information technology, the information became more accessible and the world turned into a larger and more interconnected market, which had a significant impact on the progress. In that context very important place and influence have digitization and many institutions such as libraries and museums have had to digitize documents in order to modernize and operate within modern information and communication technologies. In digitalisation processes, it is very important to determine the contents and methods to be used. Although there are many advantages, digitization is still not considered to be the most reliable method. With the technology advancement, an electronic business is developing, which has significantly influenced development and changes in the business world. Although this term primarily refers to e-commerce that includes a significant segment of this type of business, electronic business is much wider and encompasses a wide range of information exchange among a large number of business entities. Development of this kind of business has contributed greatly to the globalization and linking of distant world markets, which has significantly improved the economic development of mankind. Nevertheless, this form of business also has certain shortcomings that are, however, inferior to the great contribution it brings to society. Ultimately, digitalisation and the development of electronic business are very important for the progress and development of mankind.