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Emerging Technology and Trend in e-Business: Assignment

   

Added on  2020-12-31

6 Pages1514 Words304 Views
Emerging Technology andTrend in e-Business

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3a) Identify emerging technology or trend in e-business..............................................................3b) Evolution and development and current status of emerging technology or trend..................3c) Impacts of emerging technology or trend on e-business.........................................................4d) Usage and application of emerging technology or trend on e-business with examples.........4e) Potential business opportunities from technology or trend and discussing potential risks ifany along with recommendations................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

INTRODUCTIONE-business is the way of buying and selling goods and services online or use of internet(Laudon and Traver, 2016). With rise in technology, e-business has gain profits and growth incompetitive market. This has made work of consumer more easy and simple for online shopping.The given assignment is based on Amazon which was founded in 1994 at Washington U.S. It ismultinational technology company that focus on cloud computing, artificial intelligence and e-commerce. Amazon uses e-commerce payment system for their business while doing payments.This report covers emerging technology, evolution and development of e-business. It also coversimpact of emerging technology, usage, application and business opportunities of organisation.MAIN BODYa) Identify emerging technology or trend in e-businessAmazon uses e-commerce payment system as a technology in their business. It is thefacilitate which accept electronic payment for online transactions that is also known asElectronic Data Interchange (EDI). This system of payment has widespread due to use of internetbased banking and shopping. Nowadays, consumers do online shopping and make paymentthrough online mode. This online payment system plays vital role in shaping online business andfacilitating smooth exchange and flow of money as well as goods (Lee, 2013). It is used mostlyby e-commerce sites such as Flip-kart, Myntra, for paperless transactions against goods andservices. There are various benefits which can be provide to Amazon with use of e-commercepayment system. It helps in saving of time, control of expenses, prevention of theft and loss,user-friendly and provide convenience. b) Evolution and development and current status of emerging technology or trendE-commerce is the effort of man efforts to make work easy and simple for consumers.Michael Aldrich has introduced technology in 1979 where customers can directly purchasegoods over electronic or phone medium. This innovation leads new way for many individualsand business to transfer money electronically. As this process was regarded as 100% secure andpurchased happened instantly. Here, Amazon has used e-commerce payment system which wasevolved with the e-commerce. With the internet development, pioneer online developmentstarted to operate in 90s. Standford Federal Credit Union developed first financial institution in1994 that offered online internet banking services to all people. The first online payment was not

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