E-commerce and Digital Technologies: A Detailed Description
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This report provides a detailed description of E-commerce and its importance, how it has developed, technologies used in E-commerce, what technology platforms and software are used, which type of business organisation use the technology and E-commerce, how it is used as a business tool and its effectiveness.
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK..............................................................................................................................................3 Explain about the topic and its importance................................................................................3 How E- commerce has developed..............................................................................................4 Explain the detailed description of the technology used in the topic and for what reasons it is used............................................................................................................................................4 What technological platforms and software are used in E- commerce.......................................5 What type of business organisations uses the e- commerce......................................................6 How it is used as a business tool and is this effective...............................................................6 Discuss the relationship between e- commerce with the digital technologies and how its helps the organisation in its structure and practices.............................................................................7 CONCLUSION...............................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION In today's world people are more spending on the online purchase rather than opting traditional ways of shopping. This has impacted the business organisation and made them, to shift towards the digital platforms. The growth of the digital economy has made people more familiar with the online products and services. Which has emphasised the business organisation to focus on developing the e- commerce websites for their business and to have a competitive advantage in the market. The digital technologies has able to create the new value in business models and customer experience. The digital business has evolved into more than selling and buying of the products and services(Hanson and Kalyanam, 2020).This report will include the brief description on the topic E- commerce with its importance, how it has developed, technologies used in e- commerce, what technology platforms and software are been used, which type of business organisation use the technology and e-commerce, how it is used a as business tool and its effectiveness. At the last it will include the relationship between digital technologies with the e-commerce. TASK Explain about the topic and its importance E-commerce is buying and selling of products and services or transferring of funds or data over an electronic platform. The services which are been provided online over the internet such as transaction of money, funds and data which are also considered as E- commerce. These business transaction can be in four ways such as business to business (B2B). Business to consumer (B2C),consumer to business ( C2B). customer to customer (C2C).(Kabanda and Brown, 2017). E-commerce is considered as a huge part of the economy and it is very important for the business organisations to have their own E- commerce platforms where they can sell their products and services. As the e-commerce provides the ability to reach a wide customer range. E-commerceisthefastestgrowingretailplatformanditisveryimportantforevery organisations to consider the modern technologies in order to attract the customers and maximise profit through these digital technologies. The statistics shows that the 96 percent of the
Americanspurchase the products online. The online platform is more convenient to the customers in purchasing any kind of products. In today's world the customers value for the time so he/ she wants to save time in visiting the physical stores which is a time consuming in the busy schedules. This all things have made the e-commerce platfo5rms in playing vital role for the business organisations and for the customer as well. How E- commerce has developed The history of E-commerce can be traced back in the early years with the development of the electronic data interchange. It was expected to replace the fax and mail because it made data exchange possible by the use of digital technologies. After 1979. an English inventor introduced and developed the concept of online shopping. Michael Aldrich just finished his supermarket errands with his life than he has a idea of hooking up their television with the supermarket to deliver the groceries.He connected a television to the transaction processing computer using a telephone line, by which he introduce4d teleshopping or shopping from a distance(Wan and Chen, 2019). Now in today's scenario there is no stoppage in the e-commerce platforms. E- commerce itself has becoming a huge digital platform of the purchase and selling of the products and services. The Amazon website has become the largest e-commerce website which started with online books and now has come so far that anything can be sell and purchase through such websites. The online market has become the convenient choice for the vendors to sell. promote their products and services as well as for the customers to shop. Explain the detailed description of the technology used in the topic and for what reasons it is used There are the various tool and technologies which is required in developing the E- commerce platform for the business organisations(Kayikci,2019).It is very important to include both hardware and software technologies in the e-commerce websites and the e- commerce business plans. Some of the technologies are discussed below: ď‚·Database system- IT is considered an important part for the e-commerce websites. The database is used to store information about the products and services of the business organisation. Such as pricing, description of the product, image, sales detail. The business organisations also stores the information about the customers like what are there frequent orders, contact number, shipping details etc. it is important for the organisations website
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to connect securely to the database so that the orders are processes correctly and for the smooth functioning of the business. ď‚·Server software- when the user visits any website through the internet , the web server knows that the user is requesting some kind of information. So it helps the users in processing the correct information to the customers. It is necessary for the business organisationtosecuretheirwebsitesthroughthe4softwareandforthesmooth functioning the server software helps the customers to find the exact product they are in search(Guo, and et.al., 2020). What technological platforms and software are used in E- commerce The technological platforms which are used by the business organisations are artificial intelligence, automated campaign management etc. The artificial intelligence is the technology used in the e-commerce websites to find the valuable insights in the customer preferences.. it also provide automation and transfer of data management operations to increase performance. Running a e-commerce website included the various technological platform for the business organisation. It is very important that the businesses use the new technologies in their business. Adopting the online4 platform is a much way easier to attract the huge range of customers and generate sales. E- commerce software is the back-end of the online platforms of the online websites. It empowers the business owners to easily create a website to sell products, manage inventory, accept and process the payments. The software which are used in the e- commerce are as follows; ď‚·On premises-It is a e-commerce software that has been installed on the serverand managed on- site. This requires to purchase of the software by the business organisations and they pay for annual updates. This is a software which every business need to adopt in their server because to maintain the websites it is important that the working of the website is smooth for the customers(Chiu and Cho, 2019). ď‚·Saas- It is a software that is build in the cloud instead of at the retailers location. This is the technology used by the business organisation and return they pay for it. The update on the websites and the functioning of the system is taken care by the third party. This enables the organisation to concentrate on one particular thing and they can focus on the products and customer reach.
The e-commerce software are designed to handle all the transactions and the aspects which are required in the online selling and buying of the products and services. The e-commerce has evolved over the years by offering the business the various benefits and competitive advantage.. the software helps the organisations in managing the products, speeds up the checkout, build in marketing and search engine tools etc. What type of business organisations uses the e- commerce In today's scenario every business have their online platforms where they sell their products and services in order to target new customers and maximise profit. The best example of the e-commerce platform is amazon. It is the biggest e- commerce platform which was introduced by Jeff Bezos, where he tried to shift the customers from the physical visit to the stores to the online shopping. The company tried its best in developing the new technology and for the better customer experience. Marks and Spencer also has its own website, or it can be said that a e commerce platform for the customers(Jannach,Ludewig and Lerche, 2017).These business organisations have developed and created a platform for the convenient of customers as well as they are able to generate more sales through performing digitally. The another example can be observed of Zara, which is using the e-commerce as a platform and it has been developed in such a way that the business organisation has developed its website and perform its marketing strategies through the digital technologies. The website of Zara is observed that the company uses the black and white theme which attracts the customers. The digital technology makes the website more attractive which means the use of the visual pictures makes the website more attractive which help the organisation to attract customers. How it is used as a business tool and is this effective Yes, e-commerce is considered as an effective tool for the busine4ss organisations. The use of e- commerce has been becoming the most important factor for the business organisation. Even the small business are now shifting towards the online. The online and the change in the technology has created a world with habit of using the internet and online platforms. The business uses this tool to generate more sales as it is observed that the people are highly dependent on the online platforms and there is a huge market share.(.Xuhua and et.al.,2019). The people prefer online shopping in groceries , clothing and or anything as it is less time
consuming. The businesses are able to attract customers through the visual pictures and attractive websites which makes them more competitive advantage(.Xuhua and et.al., 2019). Discuss the relationship between e- commerce with the digital technologies and how its helps the organisation in its structure and practices Atthepresentscenarioofeconomicdevelopment,innovationandthechanging environment including the digital technologies is very important for the effective functioning of the business organisations. The digitalization has the direct impact on the industries or the business enterprises practices. As the technology is there in there in the market the customer demand for the best experience from the businesses and it is important for the enterprises to adopt that technology in order to satisfy its customers. The relation ship between the e-commerce and digital technologies is that e- commerce businesses are using the digital technologies actively in comparison with enterprises of the other industries(Wilson, 2019). CONCLUSION From the above report it is concluded that e- commerce is a platform where there is selling and buying of the products and services. It is very important for the organisations to gave the e-commerce platform for its business so that it can attract customers and generate sales. E commerce is itself a technology which is used by many organisations. It is an effective tool for developing and marketing strategies within the market. In today's world the 96 percent of the Americans are dependent on the internet and online shopping. The various software helps these e-commerce platform to operate smoothly and the business is able to run smoothly. The business structures are highly dependent on the digital technologies. The use of digital technologies help the organisation to develop their websites so that the customers do not face issue while purchasing online. As there are several risks and interference is involved in any platform.
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REFERENCES Books and Journals Chiu,W.andCho,H.,2019.E-commercebrand:Theeffectofperceivedbrand leadership on consumers’ satisfaction and repurchase intention on e-commerce websites.Asia Pacific Journal of Marketing and Logistics. Guo, H., and et.al.,2020. The role of e-commerce in the urban food system under COVID-19: lessons from China.China Agricultural Economic Review. Hanson, W.A. and Kalyanam, K., 2020.Internet marketing and e-commerce.(Student ed.). Thomson/South-Western. Jannach, D., Ludewig, M. and Lerche, L., 2017. Session-based item recommendation in e-commerce:onshort-termintents,reminders,trendsanddiscounts.User Modeling and User-Adapted Interaction.27(3). pp.351-392. Kabanda,S.andBrown,I.,2017.AstructurationanalysisofSmallandMedium Enterprise (SME) adoption of E-Commerce: The case of Tanzania.Telematics and Informatics.34(4). pp.118-132. Kayikci, Y., 2019. E-Commerce in logistics and supply chain management. InAdvanced Methodologies and Technologies in Business Operations and Management(pp. 1015-1026). IGI Global. Wan, X. and Chen, J., 2019. The relationship between platform choice and supplier’s efficiency-evidencefromChina’sonlinetooffline(O2O)e-commerce platforms.Electronic Markets.29(2). pp.153-166. Wilson, N., 2019. The impact of perceived usefulness and perceived ease-of-use toward repurchase intention in the indonesian e-commerce industry.Jurnal Manajemen Indonesia.19(3). pp.241-249. Xuhua, H., and et.al.,2019. Effects of business-to-business e-commerce adoption on competitiveadvantageofsmallandmedium-sizedmanufacturing enterprises.Economics & sociology.12(1). pp.80-366. Zhou, L., 2020. Product advertising recommendation in e-commerce based on deep learninganddistributedexpression.ElectronicCommerceResearch.20(2). pp.321-342.