E-commerce or electronic ecommerce is a term for any type of business that involves the buying and selling of goods and services, or the transmitting of funds, data, or information across the internet. E-commerce allows consumers to exchange goods and services electronically with no barriers of time and distance. Different forms of e-commerce include business-to-business (B2B) and business-to-consumer (B2C). B2B businesses often deal with hundreds or even thousands of other businesses, either as customers or suppliers. On the other hand, B2C transactions, consumers usually deal with retail-based sites from which items are purchased online. Thus, carrying out these transactions electronically will provide vast competitive advantages …show more content…
Web 2.0 is focused on the ability for people to collaborate and share information online. Web 2.0 basically refers to the transition from static HTML Web pages to a more dynamic Web that is more organized and is based on serving Web applications to users. Furthermore, open communication with an emphasis on Web-based communities of users, and open sharing of information are the other improved functionality of Web 2.0. Over time Web 2.0 has been used more as a marketing term than a computer-science-based term. For example, Blogs, wikis, and Web services are all seen as components of Web …show more content…
With its large processing capacity, Web 3.0 is able to bring services and products to people and businesses with high added value because of their assertiveness and high customisation, promoting the democratisation of the capacity of action and knowledge, which was previously only accessible to large businesses and governments. Web 3.0 will be the next logical step in the evolution of the Internet. For Web 1.0 and 2.0, the Internet is trapped within the physical walls of the computer, but as more devices become connected to the Web, such as smartphones, cars, and other household appliances, the Internet will be set free and become omnipresent. Moreover, Web 2.0 is the “writable” phrase of the World Wide Web with interactive data. Web 2.0 facilitates interaction between web users and sites, so it allows users to interact more freely with each other. On the other hand, Web 3.0 is the “executable” phrase of Word Wide Web with dynamic applications, interactive services, and “machine-to-machine” interaction. In Web 3.0, computers can interpret information like humans and intelligently generate and distribute useful content tailored to the needs of
The first thing people do upon waking up is to check their media stream be it Facebook, Twitter, Snapchat, and Instagram. These sites are prime examples of 2.0 websites. Web 2.0 sites include blogs, social networks, video sharing sites, and many more. These websites are used to clearly display user generated content. In Steven Johnson 's article , “It’s All about Us”, he makes it prominent that he is a strong supporter of 2.0 websites.
2. Digital Commerce Goods and services bought and sold electronically on the internet such as, advertising that supports this, including promotions, prices, obtaining and keeping customers, etc. Technology users need to understand that a large share of market economy is being done electronically (Ribble, 2011) (Gartner, n.d.). 3.
The application will also provide customers to streamline the shipping process with real-time tracking capabilities. Shipments can be managed more effectively which is an important advantage to the consumer. A paperless invoice system will be established to allow customers to create electronic transmissions. This system will enhance the process of international shipping. The
Web 2.0 has revolutionized the panorama of the information society: users have become information creators and the new web platforms have become relationship venues where new knowledge and ideas emerge. Is this participation really democratic? Or is this a democracy paradox? Where everyone can interact but the decision making places are all outside the net? Does the participation on the web rather helps the citizens or the Governments and Companies?
Social media was created two decades ago and has developed a lot since 1997 when it had first made an appearance in the world. Before social media many people did not have a way to communicate or interact with others using electronics, everything was verbal or written. When social media first made a blogging page it became a hit as told by Small Business Trends, “In 1999, the first blogging sites became popular, creating a social media sensation that is still popular today.” Social media has made an impact in many people’s lives throughout the years. After blogging was invented, social media exploded with popularity.
GLOBALIZATION, TECHNOLOGY AND LAW Globalization and Technology Globalization has completely transformed the way in which the world and its people interact. Earlier there were several roadblocks in the ability to communicate and interact with the people worldwide. But now, the world is becoming more and more globalized in all spheres: Business, financial, social, economical, etc. Over the years, a lot of technological advancements have come into picture including the changes in the field of Information Technology, having a significant impact on the global landscape.
Conversational media are web-based applications that make it possible to create and easily transmit content in the form of words, pictures, videos, and audios. Social media cannot be understood without first defining Web 2.0: a term that describes a new way in which end users use the World Wide Web, a place where content is continuously altered by all operators in a sharing and collaborative way (Kaplan and Haenlein). The authors also describe social media as “a group of Internet based applications that build on the ideological and technological foundations of Web 2.0, and allow the creation and exchange of user generated content.” Social media has progressed from essentially giving a stage to people to stay in contact with their family and companions. Presently it is a spot where consumers can take in more about their most loved companies and the products or services they offer.
Introduction In this new era of internet, computers and cell phones play a vital role in business. The growth of technology is in its highest pace. Marketing and communication techniques also changed with the technology. With the growth of Internet, online social Medias have become important communication channels and also virtual communities have emerged.
Social media are a websites and applications that enables a person to create and share a content. A person can also interact with someone like family, friends, loved ones all around the world. It deals with the sites that a person uses in order for them to have a communication. It has some negative outcomes that has a aggressive feelings, aggressive thoughts, and aggressive behavior. Social networking describes the phenomena found in, participatory and self-expressive websites such as Facebook, Twitter, My space, and Youtube.
Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.
Since the beginning of the 1990’s, e-commerce has radically changed consumer behaviour by introducing new retail channels (Ngai and Gunasekaran, 2007). Serious attempts to trade online started to emerge in the mid-1990s wheninnovative, technically savvy companies responded to the opportunities and challenges posed by the internet, to develop sophisticated web sites to serve customers, in their homes (Rayport and Sviokla, 1994). The present retail environment is characterised by new, store and non- store, retailing formats, a wide range of new products, use of new information and communication technologies and consequently, the changing customer needs. Moreover, the dynamic lifestyle conditions of consumers has resulted a change in their personal environment that contributes to a profound change in customer behaviour (Schröder and Zaharia, 2008). Retailing in the 21st century means doing business with customers on their terms (Mathwicket al., 2002).
The world we live in today is predominately changing with the advancement of digital communication in the daily aspects of our life. The rapid growth and evolution of digital communication, has resulted in it now becoming the backbone of the way we interact with other people. Beginning from simple 160-character SMS messages to text’s influence on the internet including Facebook, Twitter, Blogs and Instagram and then introduced on our mobile phones with BBM and whatsapp; digital communication has become a part of our spoken discourse. Digital communication in every aspect has impacted our lives as it helps jobs and businesses communicate a lot faster through e-mail, multimedia and texting.
Introduction Information communication technology provides the society with new communication capabilities. People can now communicate with others using videos from others of different parts of the world, instant messaging, social media sites like face book, twitter which allows people to remain in contact and communicate and share information easily and on regular basis. The world has become a global village. Internet and computer has made the communication process very fast and has also united people.
Hence, it is imperative to first identify their advantages and disadvantages to effectively use them in our life. There are quite a lot of advantages which we can obtain from the social media available nowadays. Based on a book “Networked- The new social operating system” by Lee Rainie and Barry Wellman, the authors had pointed out many positive effects, in another word, advantages of social media or others services based on social media. Firstly, social
In his book, “Amusing Ourselves to Death”, Neil Postman analyzes the change of mediums from a Typographic Age to a Telegraphic Age; but because technology has advanced since the 1980s, it does not address every new medium and its effects. One recent medium that dominates the internet is online shopping. With seventy nine percent of Americans making online purchases (Weller), it is quickly becoming a new tool for everyday life. This medium attracts every aspect of buying, from office supplies to dog treats. The demand for online shopping stores is increasing rapidly year by year.