Emerging Technology and e-business

B2B and B2C are similar in the way they change the supply chain function. Manufacturers in the chain traditionally focused their attention on brand and product management; when dealing with B2B and B2Cs however, manufacturers must focus on building customer relationships, managing web-based information, and end-customer sales initiation (Malmberg, 2003). Likewise, in a traditional commercial role the distributor often focuses on inventory financing and reseller management, but in an e-commerce situation the distributor is also concerned with end-customer sales initiation, building customer relationships and assembly-to order processes (Malmberg, 203).

This article is written by Nicholas Carr and it has become so popular because of its important topic about information technology in business today. Information technology has become a very important component in the success, efficiency and effectiveness of business.

Businesses are discovering the Internet as the most powerful and cost effective tool in history. The Net provides a faster, more efficient way to work colleagues, customers, vendors and business partners- irrespective of location or operating system harnessing this powerful resource gives companies strategic advantages by leveraging information into essential business asset. The "technology of the future" here today. This is a fact. Businesses making the transition will, and are prospering; however those that do not will most certainly suffer the consequences.

Over the years, technology has become a major part for a business and for an individual as well. Technology has become so advance that it has made a major effect for the staff as well as for the customers. New technology has helped in many areas such as data and information storage, advertising, transportation and communication.

The development of Information System is an extraordinary advancement in the business sectors, thus playing an important role in revolutionizing the modern corporate business world. A wide range of people use internet for emailing, developing databases, to gather information on various arenas. Hence incorporating the resources of internet in business environment help in forming business solutions like system designing, email communication, developing software apps etc. (Granger & Schroeder, 1996, p. 85). IT is currently serving a major role in all kind of business processes. Hence a relation between IT and business can likely be compared to nervous system and good health. Business leaders having smart senses will definitely embrace this. (McCormack, 2006, p. 2) But there are some negative impacts as well. In this essay, the impacts of internet in the business in the disguise of emerging technologies like Web 2.0 and Web 3.0, their strategic competitive advantages will be critically evaluated and analysed. Also the benefits and drawbacks of the internet will be compared and contrasted here.

Nature of doing business, over a period of time has changed with the development in the information technology. It was believed that the reduced cost of transactions done electronically will lead to decrease or disappearance of the traditional intermediaries which will reflect a change

For companies to stay competitive and fiscally positive in the continually changing and diverse global markets, they must embrace and understand the importance of information communication technology or ICT. Any business that has to deal with consumers knows how vital the communication process is. Many consumers have dealt with a company that has poor telephone customer support and know how frustrating that can become. ICT can help by opening up other communication paths for the consumer, directly linking them to the business. One of the first things a company should understand about ICT is the strategic relevance and how important it can be for success in today’s high tech societies. ICT also enables companies to stay current with the high tech generation and the demands of the instant communications culture. Furthermore, ICT helps businesses create an opportunity to enter into new markets and continue expanding into existing market places.

Information technology is of great importance in this century 21, where life depends on rapid technological development. In the business world, information technology has been a big difference since its emergence as it helps in the development of both domestic and international sectors. Before Information technology in companies was more hierarchical in the transmission of information (misinformation). With the advent of information technology, the transfer of information has become much easier than ever and it was one of the most important reasons for the emergence of competitive advantages (SHARIRO, RG 2016). Information technology is one of the reasons why business technology is helping to enter the new market better and more at the present

Technology changes the way companies do business throughout the globe. At one period in history when a technological change was introduced in an organization, it was a big deal because, unlike current advancements, the changes were not made so frequently. Every day, upgrades and new products are developed to make companies more efficient and productive. In the mid-1990s with the use of the Internet, companies realized that more people would be spending his or her hard-earned money online than ever before. They could also foresee that the number of people and dollars would increase through

Companies go online to engage in advertising, buying and selling of products and services. Due to the increased competitiveness in the hypermarket industry, the adoption of e-business has helped companies gain a competitive edge over their peers in terms of reduced costs, increased revenue streams and greater customer satisfaction. Operational costs such

It allows both businesses and consumers to conduct transactions online, instead of using traditional methods. E-Business would allow Best Book of Mackay to link their internal and external processes more efficiently and effectively, and work more closely with suppliers and partners to better satisfy the needs and expectations of their customers. (1) Development of computer and communication technologies have led to the evolvement of E-business and it will no doubt continue to do so.

Organizations conduct transaction on a global scale, and they must adapt to the advances in technology to compete and succeed. E-commerce will provide a platform to promote growth and

At present, “Information Technology (IT) is a very essential part of our life. The processing of data is done by a computer with the help of hardware and software technology. “Information Technology has become a major driving force in many organizations” . To sell their products and services successfully these organizations require IT applications. For example, Companies are utilizing the internet for transferring data faster and performing different exercises to accomplish productivity. Companies like “amazon.com” using internet service to sell their products efficiently. The Internet has influence over many sectors like business and education. In

The primary aim of every business is to acquire and retain customers; e-commerce business is no different. Each year technology evolves compelling us to take a note of it. Coping up with these trends is beneficial for online businesses because early adoption of latest technology provides a leading edge over the competition. Inversely neglecting new market and technology trends will eventually result in a major setback.

In today’s world of business, everything is computerized and most of the companies use the Internet and information business to help keep their quality, save time and also cost. It also can reach out to more customers worldwide. For an example, with a website in the internet, it would relay the message to millions of viewers worldwide regarding the product and service that the particular company can provide and indirectly saves cost in advertising in television and print advertisments.