Digital Business and New Technologies

Digital Business and New
Technologies
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Table of Contents
INTRODUCTION 3
MAIN BODY 3
Meaning and scope of digital business and e-commerce 3
Importance of digital business and E-commerce 4
Development of digital business and E-commerce 5
Technology used in digital business and E-commerce 5
Used technological platforms and software in digital business and E-commerce 6
How technology and software of digital business are used as a business tool 7
CONCLUSION 7
REFERENCES 9
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INTRODUCTION
Digital business is a type of business in which companies perform activities digitally which
are based on technologies (Bharadwaj and et.al., 2013). E-commerce refers a process of buying
as well as selling of goods and services over the internet. Or by making use of technologies’ and
internet, performing business activities are known as e-commerce and digital business. This
study is going to show importance of digital business and E-commerce which are based on
technology. Without using technology, it is not possible for companies to run digital business
and having E-commerce. Further, it will also show reasons and scope to run digital business and
E-commerce activities. It will also show some technologies which are being used in the process
of E-commerce and digital business such as internet marketing, mobile commerce, and electronic
data interchange etc.
MAIN BODY
Meaning and scope of digital business and e-commerce
Digital business refers a creation of new business by making an effective use of
technologies. Without using technologies it is not possible for businesses to run digital business
and its activities. Digital business and E-commerce is one of the main type of business. There are
several companies who perform all digital business activities or those activities which are being
performed and played digitally or with technologies. Digital technologies refers electronic tools,
devices and systems which makes companies to perform digital business activities and help them
out in storing data or process. In the context of nature as well as scope of digital business and E-
commerce it can be said that it allows e-commerce BusI
nesses in making profit, delivering products and services online and save their time as well as
cost. In addition, it can also be said that digital business and E-commerce are allowing global
reach to sellers. With this help and making use of technology, buyers and sellers can meet in the
virtual world without the hindrance of location (Al-Debi, El-Haddadeh and Avison, 2018).
It also reduces cost as it eliminates fixed cost of maintaining shops. Overall, it helps them in
making a higher profit margin and increasing sales. In addition, in the context of scope of E-
commerce businesses and digital business, it is stated that it helps customers in getting quick
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