Has searching for a job online replaced traditional job searching methods?

I think that technology has changed the ways we use to live and one of the ways that we got effected is the way organizatiOSn work and that includes the job searching thing too.

There are many companies even in Pakistan such as ( http://www.axact.com/careers/international-sales/ ) that prefer online job searching as in they give you links so that when you apply you fill in your resume and the other details and then you are called, this saves time energy and resources!