Importance Of E Commerce Infrastructure On Present Era And The Coming Generations

Assignment 3.2 - Written Assignment Name: Anvesh Juvva Student ID: 21080159 Instructor: Mike Tighe Introduction: In today’s world more than 80% people uses internet in some way. The internet has become a major research network for all the business including the small and large size. They are using the internet to the maximum level in grabing the opportunities in the market and to become competitive and productive. The business owners get connected to the customers and have learnt a lot on connecting electronically. The continuous usage of internet and the customer’s connection takes their business to the next level.

E-commerce systems E-commerce systems are predicated upon internet use, which provides open and easy communications on a global basis. However, because the internet is unregulated, unmanaged and uncontrolled, it shows a wide range of risks and threats to the systems which are jeopardizing the operation. When fully utilizing the internet

Key words: electronic commerce; security; I. Introduction After a successful IPO, the electronic commercial (E-Commerce) colossus Alibaba boasts a world-class market capital of $231.4 billion according to the FORTUNE magazine [1]. With the huge success of Alibaba’s IPO, E-Commerce is considered as one of the most important and promising business in world. Then what is e-commerce? It is commonly exchanging goods or services via Internet. Today you can get all retail brands via their online presence and even private goods. Moreover, e-Commerce also includes business-to-business (B2B) transactions between manufacturers and suppliers or distributors or other business parties.

Abstract E-commerce abbreviation stands for Electronic Commerce. In E-commerce we do business online that is on internet. It is part of the IT (information technology) revolution and now days used widely in the world trade and in Indian economy. E-commerce showing tremendous business growth in our country, due to increasing number of internet users in India. In this paper I attempt to highlight the various essential factors required for growth of E-commerce and various challenges E-commerce facing in India.

E-Commerce means Electronic Commerce. E-Commerce is how to achieve a balance between the currency and human's life. E-Commerce is contributed to the establishment of research community to create Knowledge, technology for developing better Electronic Commerce. E-Commerce is not only preferred for selling goods as well as products But it includes various types of areas as well as technologies such as mobile commerce ,electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange(EDI), inventory management systems, and automated data collection systems, public policy, online shopping, social networking, webmail etc. E-Commerce provide financial transaction facilities means

2. Literature Review 2.1. Online shopping Dentzel (2017) in an article highlighted that the use of the Internet has completely transformed the way people live and has revolutionized almost all fundamental aspects of daily life. It has allowed access to limitless information and became a tool that made everyday communication in an instant. Among the many opportunities created by internet is the emergence of electronic commerce (e-Commerce). Online shopping is a development brought by the e-Commerce and progress of internet.

INTERNET AND HUMAN INTELLIGENCE

Title of the paper: Ecommerce revolution or stagnation Author: Dr. Pooja H. Ramchandani Asst. Professor. H. R. College of Commerce and Economics. Email: bhatiapoonam2000@yahoo.com Pooja Ramchandani Abstract Electronic commerce, also known as e-commerce, has developed rapidly in the last few years. In this paper, I will talk about the advantages along with the disadvantages of e-commerce. E-commerce consists of many things. People today are aware of the common phrase 'e-commerce', but there is a lot more to it than they are aware of. "Most people think e-commerce is just about buying and selling things over the Internet" (Wareham, 2000). E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. E-commerce includes buying and selling any item over the Internet, electronic fund transfers, smart cards, and all

2. Introduction 2.1. Background The widespread application of internet and prevalence of globalization give rise to various influential trends in business context, one of which is e-Commerce. According to (Browne et al., 2004), e-Commerce refers to a commercial platform that allow transactions to happen via electronic devices and digital environment that requires no face-to-face or human interaction as opposed to traditional mode of purchase. E-Commerce is revolutionizing the landscape of modern business environment by offering a convenient, rapid, borderless and timely mechanism for commercial transactions. Moreover, e-Commerce provides an alternative to traditional value chain in which manufactured products need to move through multiple layer of distribution to reach the end-users. In other words, via electronic platforms, suppliers can now access their end customers directly via web-based ordering system without the needs for wholesalers

2.0 Literature Review 2.1 Introduction 2.2 Definition of e-commerce E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.

Introduction With the development of society, e-commerce, a new type of business in Marketing emerges. It stands for Electronic Commerce. Rayudu (2009), the author of E-Commerce: E-Business, states that “E-commerce is a selling and transfer process requiring several institutes. It is a systematic and organized network for the exchange of goods between producers and consumers. The Net embraces all those related activities which are indispensable for maintaining a continuous, free and uninterrupted distribution and transfer of goods.” However, both the advantages and disadvantages exist in this new business type. (p. 1)

Online shopping provides consumers with and experience of sensation. Making payments or shopping can be done everywhere and anywhere as long as there is an internet connection. The internet allows customers to do shopping online anytime and anywhere, which means customer can browse and shopping online 24-hours a day, 7 days a week from home or office, which attracts some time-starved shoppers come to Internet for save time to searching products in physical store. Additionally, Internet offers some good ways to save money and time. For example, shoppers do not need go out to the physical store and thus there is no transportation

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.

Here are some limitations of e-commerce: 1. The lack of security and reliability The biggest drawback of e-commerce is the issues of security and reliability. Even though competitors of different due number in the online market as well as the philosophy inherent in the development of the internet. initially, Internet was developed for military purposes, after that for educational and with the passage of time given little attention to how it can be controlled in the

Introduction The worldwide influence of the internet is felt and acknowledged in all spheres of life. According to Mun, Chun & Cho (2014), the internet has changed the way individuals socialize, work, share information, conduct business, and organize the flow of ideas. Apparently, the evolution/penetration rate of the internet has been remarkable, where almost a third of the human population access it. As many people are logged onto the web, the way businesses get conducted in this digital arena has changed too. Furthermore, the development of IT and communication media has further strengthened the role of the Internet connection in fostering business continuity (Jorgenson & Vu, 2016). Most of the organizations have adopted the use of the Internet to conduct their daily routines, such as marketing and promotion, selection and recruitment, sharing of information and selling of business products. While national economies and large organizations have acquired significant merits from the internet revolution, consumers, individuals, and upstarting entrepreneurs have also been beneficiaries of the Internet usage.