In a not so long future that will come, e-commerce would undoubtedly be one of the most significant factors in the global economy. The e-commerce technology has made this kind of industry progress at such a fast pace and such an unstable environment. These technologies that will bring the e-commerce industry into a greater space will continue to bring transformation to personal communication and conducting global business world wide. Though the global economy may falter at times or in the past years of crisis, but the advances of the e-commerce would surely be able to help the global market to get back on its track and do well or even greatly. These advances are also significantly related to bringing the whole world online. Its advantages offered will attract lots of newbie or non-newbie on conducting business or just simple transaction online. According to NUA Internet Surveys (http://nua.ie./surveys/), over 620 million people worldwide are linked to the internet or are getting used to the World Wide Web (WWW). And experts predict that the global Internet usage will be growing more and more for the next succeeding years. By 2009, it was even estimated that 47 percent of all business-to-business (B2B) commerce will be done online already.
The rapid growth of the Internet also attracts the increase of organizations opting to use the World Wide Web in conducting business at a greater speed, access and efficiency. This shift is very common in business-to-business (B2B) commerce and trade. Companies now adapt to a system called e-procurement that offers and uses different B2B protocols for interaction with seller system. Examples are Ariba, Commerce One, and mySAP. Many others participate as buyers in e-marketplaces, such as Commerce One MarketSet, Ariba Hosted Market Place, and IBM’s Web Sphere Commerce Suite, Marketplace Edition (WCS MPE, or MPE for short), among others. Many other protocols for B2B methods, many proprietary to procurement and other systems, and others custom-made for specific partners are being defined and implemented. In addition to the procurement systems that usually reside in the firewall of the buying organizations, marketplaces are being situated on the Internet through which buyers can access a large number of suppliers, typically for specific industry divisions. Several of these marketplaces use the same or similar technology to connect to procurement and supplier systems and offer buyers at small and medium-sized businesses access to suppliers.
E-commerce technology will not only become smarter and faster but it can also cast a wider net for companies and organizations globally and renovate their methods of dealing with internal information, customer service and other important business transactions in a whole lot better way. Internet technology has also been used not just for business them selves to cater their business transaction needs but there are also internet portals that provide service for those who do e-commerce, another facet of business-to-business commerce. Some of which are domain name service which includes simple transactions in a business namely, transfer, agreement, domain forwarding and e-mail forwarding. There are also other website services provided like online shopping, website packages, web page, web store, custom design and also other promotion services. These internet technologies that are employed would surely help business get better and for those who are just thinking of transforming theirs to an e-business. An e-commerce business solution can provide an organization’s customers with detailed information of their products and services a year for a fraction of the cost just like having an international sales staff that is really efficient and always available as what is offered in Web Sphere commerce Suite, an IBM’s award winning e-commerce software. The solutions they offer comes in both a B2C and a B2B likes and allowing them to strengthen their relationship with their valued customers by cross selling and up selling products and services, streaming inventory management, returns and refunds, providing live help and online collaboration with suppliers and customers.
E-commerce technology could surely increase one’s company by boosting beyond their physical locations, culture, and time zones. Affordability, scalability, and profitability are a very important terms for e-businesses and they should make sure they could be able to offer these such importance and advances. One of advantage of an internet technology that could offer to any businesses or organizations is that it could bridge the problem of those companies in having limited resources, limited skills and as well as limited budget that growing a business as well as transforming a growing one into an e-business is very daunting. So getting connected to the internet would really help you in building a business and make it grow more by initially building a virtual storefront and creating a global Web presence for the online audience who would be the probable online customers. With e-commerce technology, finding solutions to problems that organizations get to face everyday like customer retention and increasing supply costs are few to mention and with this, a B2B e-commerce could never be that hard as it was and to make an e-business faster and cost efficient with just the appropriate solutions to be implemented.
There are also other suggested ideas to make e-business a success. New features are already starting to emerge from years after years that could bring several technologies apart that could be later on used in e-commerce extensively. A) Collaboration Key - companies set up smart hubs that are not only used by their own customers, but also interact with other companies' sites. Particularly on the business-to-business (B2B) side, this innovation could change the way companies do business with one another, according to Mark Byrd, senior vice president of product management at VerticalNet. B) Breaking Barriers - breaking down barriers between different departments and companies to achieve potential ‘real-time’ future, allowing constant updates of information related to inventory, product availability and shipping status. C) Supercharged Kiosks - consumers could have more direct contact with the next generation of e-commerce technology. Such kiosks will see increased use for actual purchases and financial transactions. D) IM's New Role - transforming instant messaging (IM) from a chat enabler into a serious e-commerce asset. Enable companies more easily create communities of like-minded customers, and will offer more secure ways to vouch for information that is sent back and forth over a network. E) Speeding Things Up - the real-time aspect of future e-commerce technologies will allow users to engage in "threaded discussions" as they negotiate contracts and share data. F) On the Same Page - smart interactive portals, accessible from wired or wireless locations, are the best way to consolidate information in a single place, separate mission-critical functions from other operations and control that has access to specific data.
Although the technology that has been incorporated now in doing e-commerce could provide lots of advances to those who opt to employ them, it is very important for these businesses to be very prepared in engaging to an e-business world. This kind of economy as is situated in the virtual world is running in a fast pace and catching up is one thing that one should never neglect or else. Technology could just be that useless despite its advances offered if one doesn’t know how to be a good player in such an economy.
The dynamic nature of the kind of new economy calls for new challenges to industry and the policymakers, although the internet promises great features for such businesses. The decision makers involved are entitled to develop procedures that would motivate growth and press on consumer interests. To craft groundwork for the fast paced growth of e-commerce appropriately, enterprises must learn to adopt effective e-commerce technology policies and strategies. These strategies involve strong intellectual property protection, online trust, free and open international trade and investing in an e-commerce technology infrastructure. Strong intellectual property protection refers to strong copyrights, patent, rewarding creativity to foster innovation and other forms of intellectual property protection to strengthen the economy. Of course online trust involves the ever important security and privacy, which without consumer’s confidence in security and privacy of their information could mean less growth and weaker e-commerce. So protecting information and interactions on the internet is a total key to ensure success. Closed markets and inequitable management is not very good for e-business. It is said that it should be realized that only in an open and free market will the Internet’s potential be realized. Investing in an e-commerce technology is a very good step and very vital to stimulate technological growth. The future of electronic delivery demands a dramatic evolution of the telecommunications infrastructure in every part of the world. Also, the digital divide is a major concern for organizations who have worked independently to increase access to computer technologies in under served regions. They distinguished that a global e-commerce technology future depends on extensive access to new technologies, mainly by individuals who have accordingly far failed to share in many of the communications and productivity benefits that technology offers. For all these motives, many e-commerce organizations support policies to support broadband deployment in a way that will augment widespread access to technology and, in so doing, lessen or even close the digital divide.
The rapid growth of the Internet also attracts the increase of organizations opting to use the World Wide Web in conducting business at a greater speed, access and efficiency. This shift is very common in business-to-business (B2B) commerce and trade. Companies now adapt to a system called e-procurement that offers and uses different B2B protocols for interaction with seller system. Examples are Ariba, Commerce One, and mySAP. Many others participate as buyers in e-marketplaces, such as Commerce One MarketSet, Ariba Hosted Market Place, and IBM’s Web Sphere Commerce Suite, Marketplace Edition (WCS MPE, or MPE for short), among others. Many other protocols for B2B methods, many proprietary to procurement and other systems, and others custom-made for specific partners are being defined and implemented. In addition to the procurement systems that usually reside in the firewall of the buying organizations, marketplaces are being situated on the Internet through which buyers can access a large number of suppliers, typically for specific industry divisions. Several of these marketplaces use the same or similar technology to connect to procurement and supplier systems and offer buyers at small and medium-sized businesses access to suppliers.
E-commerce technology will not only become smarter and faster but it can also cast a wider net for companies and organizations globally and renovate their methods of dealing with internal information, customer service and other important business transactions in a whole lot better way. Internet technology has also been used not just for business them selves to cater their business transaction needs but there are also internet portals that provide service for those who do e-commerce, another facet of business-to-business commerce. Some of which are domain name service which includes simple transactions in a business namely, transfer, agreement, domain forwarding and e-mail forwarding. There are also other website services provided like online shopping, website packages, web page, web store, custom design and also other promotion services. These internet technologies that are employed would surely help business get better and for those who are just thinking of transforming theirs to an e-business. An e-commerce business solution can provide an organization’s customers with detailed information of their products and services a year for a fraction of the cost just like having an international sales staff that is really efficient and always available as what is offered in Web Sphere commerce Suite, an IBM’s award winning e-commerce software. The solutions they offer comes in both a B2C and a B2B likes and allowing them to strengthen their relationship with their valued customers by cross selling and up selling products and services, streaming inventory management, returns and refunds, providing live help and online collaboration with suppliers and customers.
E-commerce technology could surely increase one’s company by boosting beyond their physical locations, culture, and time zones. Affordability, scalability, and profitability are a very important terms for e-businesses and they should make sure they could be able to offer these such importance and advances. One of advantage of an internet technology that could offer to any businesses or organizations is that it could bridge the problem of those companies in having limited resources, limited skills and as well as limited budget that growing a business as well as transforming a growing one into an e-business is very daunting. So getting connected to the internet would really help you in building a business and make it grow more by initially building a virtual storefront and creating a global Web presence for the online audience who would be the probable online customers. With e-commerce technology, finding solutions to problems that organizations get to face everyday like customer retention and increasing supply costs are few to mention and with this, a B2B e-commerce could never be that hard as it was and to make an e-business faster and cost efficient with just the appropriate solutions to be implemented.
There are also other suggested ideas to make e-business a success. New features are already starting to emerge from years after years that could bring several technologies apart that could be later on used in e-commerce extensively. A) Collaboration Key - companies set up smart hubs that are not only used by their own customers, but also interact with other companies' sites. Particularly on the business-to-business (B2B) side, this innovation could change the way companies do business with one another, according to Mark Byrd, senior vice president of product management at VerticalNet. B) Breaking Barriers - breaking down barriers between different departments and companies to achieve potential ‘real-time’ future, allowing constant updates of information related to inventory, product availability and shipping status. C) Supercharged Kiosks - consumers could have more direct contact with the next generation of e-commerce technology. Such kiosks will see increased use for actual purchases and financial transactions. D) IM's New Role - transforming instant messaging (IM) from a chat enabler into a serious e-commerce asset. Enable companies more easily create communities of like-minded customers, and will offer more secure ways to vouch for information that is sent back and forth over a network. E) Speeding Things Up - the real-time aspect of future e-commerce technologies will allow users to engage in "threaded discussions" as they negotiate contracts and share data. F) On the Same Page - smart interactive portals, accessible from wired or wireless locations, are the best way to consolidate information in a single place, separate mission-critical functions from other operations and control that has access to specific data.
Although the technology that has been incorporated now in doing e-commerce could provide lots of advances to those who opt to employ them, it is very important for these businesses to be very prepared in engaging to an e-business world. This kind of economy as is situated in the virtual world is running in a fast pace and catching up is one thing that one should never neglect or else. Technology could just be that useless despite its advances offered if one doesn’t know how to be a good player in such an economy.
The dynamic nature of the kind of new economy calls for new challenges to industry and the policymakers, although the internet promises great features for such businesses. The decision makers involved are entitled to develop procedures that would motivate growth and press on consumer interests. To craft groundwork for the fast paced growth of e-commerce appropriately, enterprises must learn to adopt effective e-commerce technology policies and strategies. These strategies involve strong intellectual property protection, online trust, free and open international trade and investing in an e-commerce technology infrastructure. Strong intellectual property protection refers to strong copyrights, patent, rewarding creativity to foster innovation and other forms of intellectual property protection to strengthen the economy. Of course online trust involves the ever important security and privacy, which without consumer’s confidence in security and privacy of their information could mean less growth and weaker e-commerce. So protecting information and interactions on the internet is a total key to ensure success. Closed markets and inequitable management is not very good for e-business. It is said that it should be realized that only in an open and free market will the Internet’s potential be realized. Investing in an e-commerce technology is a very good step and very vital to stimulate technological growth. The future of electronic delivery demands a dramatic evolution of the telecommunications infrastructure in every part of the world. Also, the digital divide is a major concern for organizations who have worked independently to increase access to computer technologies in under served regions. They distinguished that a global e-commerce technology future depends on extensive access to new technologies, mainly by individuals who have accordingly far failed to share in many of the communications and productivity benefits that technology offers. For all these motives, many e-commerce organizations support policies to support broadband deployment in a way that will augment widespread access to technology and, in so doing, lessen or even close the digital divide.
3 comments:
hmmh.. online business don't deter the success of the business.^^ it is just how we create strategy making advantage of internet
Internet extends the services an organization can provide.
yeah,I agree with you. It really brought a great effect on our industry.ΓΌ
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