Digital Technology and Business: Importance of E-Marketing
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Added on  2023/06/12
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This report explores the importance of E-Marketing in digital technology and business, including its development, technology used, platforms and software, and effectiveness as a business tool. It also discusses the relationship between digital technologies and business and management structures and activities.
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Contents INTRODUCTION...........................................................................................................................1 TASK...............................................................................................................................................1 Importance of E-Marketing....................................................................................................1 How this topic has developed.................................................................................................2 A detailed description of the technology used in this topic and what it is used for...............2 What technological platforms and software are used in the topic..........................................3 What type of business and organisation uses the technology.................................................3 How is it used as a business tool and is this effective?..........................................................3 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Creation of new values in the business models and gaining higher customer experience is possible only by the introduction of technology in business as it develop the internal capabilities of business which support in the achievement of organisational goals and objectives. In the today's world, most of people are shifted to the digital channels and sources for the purpose of generating revenue. Development of digital economy result in the increase in the knowledge of digital technology among people.Digital technologies are electronic tools, systems, devices and resources that generate, store or process data (Hsieh, 2019). Examples of digital technologies include social media, online games, multimedia and mobile phones.The respective report include the topic of E-marketing which include the performance of marketing activities with the use of internet and other technological devices. This report include the importance of E- marketing, how it develop along with the detailed description of technology & performances with its effectiveness. In addition to this, it also deals with the nature of relationship among digital technologies and both old and newly emerging theories on business and management structures and activities.Tagarev, and yanakiev, 2020 Van esch, and black, 2019 TASK Importance of E-Marketing E-marketing is defined as the performance of marketing activities through the use of internet. It is also known as digital marketing and it can be done digitally or with the use of internet. Below mentioned are the importance of E-Marketing: ď‚·Availability of customers:It has been found that approximately 4.2 billion people are using internet (Ravikumar, and et.al., 2022). E-Marketing provide a huge opportunity to the business to reach to the customers. People use internet in order to finding any information.ď‚·Increase visibility of business:It is necessary for business organisation to increase it's visibility, so that more people can check the respective business. Online marketing help the organisation in exposing its business in front of thousands of people. 1
ď‚·Drive quality traffic:E-Marketing is important because it leads to the driving qualified traffic. It attract the people who are really interested in the business. How this topic has developed Technology isfound asthe importanttopic asit bringschanges in the business environment.Digital marketing is consider as the element of marketing which can be performed by the use of internet and online based digital technology which include mobile phones, digital media, computer and many more. A term i.e. Digital marketing was coined in 90s for the purpose of arrival of server client and the rising prevalence of personal computer. For the purpose of indexing FTP sites, Archie search engine was developed. In 1980s, the capacity of a storing the data of computers have been increased for storing voluminous data (Roscoe, and et.al., 2019). As a result the business organization started to shift to the database marketing along with the other online techniques. The introduction of online marketing introduces the use of technology in the marketing activities. A detailed description of the technology used in this topic and what it is used for E marketing is defined as the technology which have been used through the different electronic devices such as mobile and computer. Basically marketing is the concept which is being used by the business organisation for the purpose of reaching to the customers in a coast and time of active manner. By the use of technology, business organization do advertisement on several plate forms with the use of internet (Gruber, 2019). This technology also provides 24*7 assistants for their customers in order to responding to their queries. It is a fully automatic communication process with their customers throws online chat which also helps in the retention of customers. The e-marketing is used for presenting the particular products and services in front of customers in order to influence them to buy the products and services. It plays an important role in attractingthecustomerswithoutinvestinghighermoneyandtime.Throughtheuseof technology, the marketers of a business organization can reach to the maximum number of people at a same time. Technology of e-marketing is important because it helps in interaction of business and customers. 2
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What technological platforms and software are used in the topic Below mention are the several software of digital marketing: ď‚·Sendinblue:it is defined as a plate form which offer all the functionalities of digital marketing at one place. It include all the features and functionality is for SMS marketing, chat, CRM, E-mail marketing, segmentation and many more. ď‚·WASK:It refers to the all in one online software which enables the business organisation to manage the digital ads and accounts through a single platform. Users design, develop and maintain the optimisation of their several business accounts on Facebook, Instagram or any other online socialmedia platform. The best feature of this software is to easy to use. It is very easy to use for the beginners or small business enterprises as well. ď‚·Keap:It refers to the all in one digital Marketing software which automats all the important task related to the marketing and sales. It is also used for saving the time buy automatic the redundant task such as the task of lead capture. What type of business and organisation uses the technology The E-marketing is used as business tool as it helps in attracting e-marketing traffic on websites which is used by many organisation in online market place such as Amazon, Walmart. This helps in building online store and offers secure way for processing sales. The E-marketing is powered by internet which involves more than one party for the exchange of data and currencyfor processing transaction. The E-marketing helps business in gaining and establishing wide market presence by offering cheap and more effective channels of distribution for its products and services. The use of E-marketing offer convenience and increase selection to consumers for products purchase. The site of E-marketing runs quickly which is identified by compute and bandwidth by considering both consumer device and e-marketing sites. The e-marketing is cost effective than traditional marketing as it does not take help of third person or party for the product sale which helps in saving money and can be invested for the betterment if business. How is it used as a business tool and is this effective? In this modern world, new and latest technology has its own importance as it include several advantages and it is really excellent in performing the function. Digital technology supports the small, medium and large enterprises to bring some advancement in their operations with the use of digital technology. The identification of online marketing as and modern technology helps the business organization in reducing the efforts of human resources in marketing and increase the 3
use of machines and autonomous working in order to perform the better productivity. The business organizations do investment on digital marketing only after knowing the efficiency and benefits of it. Changes in the digital technology is provide the opportunity of digital transformation because it can bring the new business ideas and new product development process by managing the challenges faced by the business organization. Digital marketing helps the business organisations in analysing the preferences and demands of customers, so that they can bring the changes in their products and services as per their preferences. The power of influencing the customer for buying the particular products and services get more affective with the use of digital marketing because of its effectiveness (Bukhtoyarova, 2022). The concept of digital marketing includes several of plate forms which have been used by the business for providing the important and influencing information. Digital marketing has a wide concept which includes several of characteristics and goals. Application of digital marketing in a business organization leads to the increase in productivity and profitability of organization. Marketing is found as an important function of business organization as it influence the people to purchase the products and services. In the initial time several of techniques have been used such as advertisement, personal selling and many more. But the application of digital marketing avoids these techniques and include internet in it for the purpose of reaching to the lot of number of people. Online marketing source is also considered as the tool of generating revenue. Digital transformation of a business organization implies several opportunities which are related to those changes in digital technology. It has organization in bringing new business model along with the new product development process which leads to the growth and success of a business organization. Online marketing is a wide concept in the digital technology which may include several features and goals which can be applicable on the marketing department of business organisation. Due to the covid-19, people are locked in their houses and they stopped in coming to the offline contact with any of people or things. In this era, digital marketing plays an important role because it presents the products and services in front of customers in a secured manner. It takes care about the maintenance of social distancing in both the types of business i.e. B2C and B2B. During lokdown, people has started spending more of time on social media and others internet 4
websites. Through digital marketing, the business organisation can influence the customers to buy their products. The use of online marketing include several types of internet marketing such as social media marketing, influencer marketing, affiliate marketing, email marketing, content marketing, search engineoptimization,paidadvertisingandmanymore.Alloftheseinternetmarketing encompasses several different tactics and strategies (Adhikary, and et.al., 2021). Along with this, all of these internet and marketing complement each other and most of them are often used together. Online marketing implies the high return on investment as compared to the traditional marketing because the methods of online Marketing included less cost in reaching to the customers. It can be affordable by small business organizations as well. A newspaper which can reach to the customers of a single City or state itself is highly coastally than social media ads. It can also be personalized for appealing to the several kinds of customers and on the different basis of products. These advertisement scan directly delivered to the personal devices of customers. In addition to this, digital methods can also be extended to reach tremendously. There is no any restriction of geographical boundaries (Nazarenko, and et. al., 2022). It is more beneficial for the multinational organizations or the business is which are performing business operations in international market because they can target the customers of entire world with online marketing. It is not intrusive and customers can also be able to provide their reviews and concern back to the business. It is found as the two way communication process which is very beneficial for the business organisation to bring the changes as per the customers requirements. CONCLUSION From the above report, it has been concluded that now online presence of a business organisation is essential for the purpose of attaining success and growth in future because advancement of technology is a highly impacting the entire world. It is necessary for business organisations to take this advancement as an opportunity in their business and work with the involvement of advance technology because it will also make the task easy for them. Involument of digital technology helps the business organisation incompleting all the assigned task in an 5
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effective and efficient manner. Online marketing is the best example in digital technology which can be used to expand the business and attract the customers towards the organisation. In order to improving the generation of revenue in business, it is necessary to expand it and create a strong customer base. Digital marketing can be considered as the same tool which can help the organisation in generating the higher revenue as compared to the traditional marketing methods. Hence, it can be said that online marketing is the time and cost affective digital technology which can transform the business towards the positive direction which is used for maintaining the sustainability in business 6
REFERENCES Books and journal Adhikary, and et.al., 2021. how does the adoption of digital payment technologies influence unorganized retailers’ performance? an investigation in an emerging market.journal of the academy of marketing science,49(5), pp.882-902. Bukhtoyarova,2022.theneedtointroducedigitaltechnologiesinlogisticscompanies. inproceedings of the international scientific conference “smart nations: global trends in the digital economy”(pp. 395-401). springer, cham. Gruber, h., 2019. proposalsfor a digital industrialpolicy for europe.telecommunications policy,43(2), pp.116-127. Hsieh, 2019. entrepreneurship through the platform strategy in the digital era: insights and research opportunities.computers in human behavior,95, pp.315-323. Nazarenko,andet.al.,2022.applyingdigitaltechnologiesintechnologyroadmappingto overcome individual biased assessments.technovation,110, p.102364. Ravikumar, and et.al., 2022. technologies driving digital payments in india: present and future. inproceedings of second international conference on sustainable expert systems(pp. 71-78). springer, singapore. Roscoe,andet.al.,2019.themicrofoundationsofanoperationalcapabilityindigital manufacturing.journal of operations management,65(8), pp.774-793. Sharonov,2019.abusinessnatureofsecurityactivityintheRussianfederationwithin application of information and digital technologies of property relations. inubiquitous computing and the internet of things: prerequisites for the development of ict(pp. 371- 378). springer, cham. Tagarev, and yanakiev, 2020, may. business models of collaborative networked organisations: implications for cybersecurity collaboration. in2020 ieee 11th international conference on dependable systems, services and technologies (dessert)(pp. 431-438). ieee. Van esch, and black, 2019. factors that influence new generation candidates to engage with and complete digital, ai-enabled recruiting.business horizons,62(6), pp.729-739. 7