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Microsoft SharePoint Server has been around for the past several years, but it only began to gain traction around 2006. That's when businesses discovered that the SharePoint services enabled them to have a central, easily manageable web portal where they could store all information pertinent to their business and their business associates.
Broadly defined, SharePoint is a suite of tools used to share business processes, information, managerial duties, and communication data. Additionally, SharePoint can be used to manage business content, sales, and account data, as well as track the growth and expansion of business processes (such as a sales process) over time.