Ecommerce And Its Applications Information Technology Essay

Ecommerce And Its Applications Information Technology EssayWe are in the age of Knowledge and consequently in the midst of an electronic revolution. The collision of which on the economy is much more powerful than ca mappingd by industrial revolution.With the inception of the web, organizations and individuals are more and more making use of E- avocation to lay down new strain ventures. The www is not only a stock of information, just now an astounding personal line of credit opportunity as well. Online art is thriving and more and more corporate companies are joining the fray of electronic transaction. The era of E-Commerce has established a significant synergy between the use of digital info and computing machineized avocation.IntroductionThe Internets impact on hoi polloi has been cloggy particularly with respect to consumers, who are starting to use the Internet as a new medium to trade and purchase goods and services.It is a world-wide concept covering any form of cable transaction or information exchange execute using information and communication technologies.electronic commerce is the most recent step in the evolution of business transactions. It replaces the swapping of money for goods or bartering (the swapping of goods for goods) with the exchange of information from computer to computer.Electronic commerce, or e-commerce as it is otherwise known, is a very broad terminology. E-commerce enables organizations of all sizes and in all grocery store sectors to improve their competitiveness. It cuts across geographical boundaries and succession zones to keep on time and hails, to open up new market opportunities and enable all the same the smallest of companies to compete globally. E-commerce spans established processes such as bar code see and electronic data interchange (EDI), as well as newer arrivals, electronic mail, the Internet, the man Wide Web and mobile electronic commerce.E-commerce is attractive because it reduces the cos t of doing business. Sending a few bytes of data over a ne twork is cheaper, faster and more convenient than sending a messenger or even making a phone call. E-commerce covers any form of business or administrative transactions or information exchange that is executed using any information and communications technology (ICT).Classification of E-Commerce by applicationElectronic MarketsElectronic info Interchange (EDI)Internet CommerceElectronic MarketsPresent a range of offerings available in a market segment so that the purchaser can compare the prices of the offerings and achieve a purchase decision.Example Airline Booking System.Electronic Data Interchange (EDI)It provides a standardized system, Communicated from one computer to another without the demand for printed orders and invoices delays errors in paper handling.Example EDI is used in the large market chains for transactions with their suppliersInternet CommerceIt is use to advertise convey sales of wide range of go ods services.This application is for both business to business business to consumer transactions.Example The purchase of goods that are then delivered by locate or the booking of tickets that can be picked up by the clients when they go into at the eventTypes of E-commerce business to business business to consumer consumer to business consumer to consumer rail line to BusinessThe really big business on the Internet and the World Wide Web isnt books and CDs but ball bearings, electronic components and other materials that businesses buy, give and distribute to and from each other. Although this type of business to business traffic may be new and attracting plenty of media and public attention, business to business has been trading by electronic means for nearly twenty-five years. The most famed method of business to business trading has to be the electronic data interchange (EDI) established for exchanging business information between companies that regularly did business wit h each other.Business to ConsumerBusinesses selling to the general public typically through with(predicate) catalogs utilizing shopping cart software. By dollar volume, B2B takes the prize, however B2C is really what the fair(a) Joe has in mind with regards to ecommerce as a whole.Having a hard time finding a book? Need to purchase a custom, high-end computer system? How about a first class, all-inclusive trip to a tropical island? With the advent ecommerce, all three things can be purchased literally in minutes without human interaction.Consumer to BusinessA consumer posts his project with a set budget online and within hours companies review the consumers requirements and bid on the project. The consumer reviews the bids and selects the fraternity that give complete the project. Elance empowers consumers around the world by providing the meeting backdrop and platform for such transactions.Consumer to ConsumerIt facilitates the online transaction of goods or services between t wo people. Though there is no visible intermediary involved but the parties cannot carry out the transactions without the platform which is provided by the online market manufacturer such as eBay.There are many sites offering cease classifieds, auctions, and forums where individuals can buy and sell thanks to online payment systems like PayPal where people can send and receive money online with ease. eBays auction service is a great example of where person-to-person transactions take place any day since 1995.E-Commerce applicationsMultimedia Content for E-Commerce ApplicationsMultimedia Storage Servers E-Commerce Applicationsi. Client-Server Architecture in Electronic Commerceii. Internal Processes of Multimedia Serversiii. Video Servers E-CommerceInformation address/Transport E-Commerce ApplicationsConsumer Access DevicesSCAN002ConclusionThe Web plays an expanding role just as it does in a consumer e-commerce. Business to business activity is still, and we believe will remai n, the main area of electronic commerce activity. This covers everything from established communications between retailers and their suppliers, the electronic banking payment systems through to the new Internet based separate systems. In the future, all of us will conduct an ever-increasing number of business transactions on-line. Companies who implement solutions to conduct business on-line will remain competitive and responsive in this evolving market place.