Wednesday, 16 December 2015

Role of E-commerce in today's life



    1.      Electronic Shopping (E-Shopping)
    The shopping done via Internet is known as electronic shopping or e-shopping. These websites are use to sell goods and services. Customers place their orders through particular websites or comfortable websites and make payments using credit cards or cash on delivery service. Any computer connected to Internet network can be used for various purposes. People can purchase any goods such as books, cloths, software, computers and other materials.


     2.      E-mail:
E-mail is the most popular and best service through electronically send and receive messages anywhere and anytime in the world. The spoken messages can be sent and receive through voice email. In Email, We can attach files such as word file, PDF file, Excel file, links etc. This type of communication can be influential. 80% people prefer emails in daily life. Email saves money and time.
  



3.      Mobile Wallet:  

Mobile wallets are becoming the preferred payment for online transactions.  Mobile wallet is where a consumer can store all his credit, debit and bank account details and uses it anytime, anywhere during shopping both online and physically.
The growth of these wallets is to influence e-commerce a lot in future. To reduce the complexity and time. No needs of document work.





4.     Marketing and Advertising:

           E-commerce is playing an important role to market and advertise products all over the       world. The use of popular websites can be an effective way to introducing a product to the customers. Various popular websites are available in the internet such as Amazon, Flip kart, snap deal, home shop, eBay etc. When we are searching particular information, then that information related advertisement displayed. This is systematically assigned.




    5.   Wearable Devices:
You can control much of the functionality of your AC, Fridge, oven etc. with smart watch you are wearing. We can able to shop on these wearable devices like smart watch, eye glasses, head phones, smart watches. Many applications are available for wearable devices to that particular functionality.




    6.   Electronic banking:
Nearby banks are now starts “electronic banking”. This is easy and comfortable in fast and daily life. Using your computer, you can connect to the bank’s computer system via the internet and control your daily financial dealing from anywhere. It reduces the no. of staff and building of banks. Customers pay their bills from their bank accounts using this facility.







    7.   Online Trading:

By using online trading, we can trade digitally is known as D MAT account. This procedure is done between brokers and customers using the internet. In online trading, sellers and buyers are available. We can trade from anywhere. This is possible in E commerce. 






    8.   Video Conferencing: 

In video conferencing, video cameras and micro phones are used for discussions. It creates an environment like normal meeting. It enables participants to see, hear and present material to one another. We can do video conferencing from large distance means that we can see and hear each other between two cities, states and also countries. Now-a-days, video conferencing very common in multinational companies, educational institutes. 






    9.   Big Data Analytics:

In E-Commerce, There are two categories structured and unstructured. Their structured data is regular data that includes name, address, sex and age (in some). The more valuable piece of data which is not includes but is an important is the unstructured data such as likes, tweets, clicks, videos etc. The data analytic provide predictive value, forecast trends and understand customer experiences in digital and physical contexts. For example Manufacturers of medical equipment like MRI, ECG have developed mobile apps for doctors who can receive the reports of their patients via mobile and can track the history of that patient record.





    10.   E-sales:

One of the ways to measure the companies' performance is by comparing the total revenue with that of previous period, with same industry, with competitors and with other economic resources, which produces the cash flows. A sale is important component of any trading. Performance is always measured with what you put in and what you get back. According to survey of executives, conducted in USA, 46% of retailers cite sales as the primary metric the use to measure a web sites performance and about one in four said they focus on profits. To e-business, the enterprise should always monitor the customer demand and changes in the market and global developments.