E-COMMERCEUnique Feature of E-Commerce Technology |
|
What Is Electronic Commerce
E-Commerce Market Size & Trends Unique Feature of E-Commerce Technology Example of E-Commerce Enabling Business Goals |
The features the set E-Commerce Technology apart from others used in traditional commerce are: 1.Ubiquity – internet/web technology is available everywhere: at work, home and elsewhere via mobile devices. · Marketplace extended beyond traditional boundaries · “Marketspace” is created, available 24/7/365 · Customer convenience increased, costs reduced. 2.Global Reach – the technology reaches across national boundaries, around the earth. Commerce enabled across cultural and national boundaries seamlessly. · Potential customer reach extended. · Reduces barriers to markets. 3.Universal standards – there is one set of technology standards, namely internet standards. · Promotes technology adoption · Reduces costs of adoption 4.Richness – Video, Audio, graphical and text messages are possible. · Integration to a more powerful marketing message and customer experience 5.Interactivity – the technology allows active user involvement. · Consumers engage in dynamic dialog · Experience adjusted to the individual based on responses. · Customer becomes co-participant in the process of delivering goods to the market. 6.Information Density - the technology reduces information costs and increase quantity and quality. · Information processing, storage and communication costs drop dramatically. · Accuracy and timeliness improve greatly. · Information becomes plentiful, cheap and accurate. 7.Personalization/Customization – the technology reaches allows personalized messages to be delivered to individuals as well as groups. · Commerce enabled across cultural and national boundaries seamlessly. · Potential customer reach extended. · Reduces barriers to markets. |
E-COMMERCE E-BILLING E-PAYMENTS E-BANKING E-SHOPPINGE-ADVERTISING WEB SITE DEVELOPMENT INTERNET LAW FUTURE OF E-COMMERCE |
|