Review| Business Finance – Operations Management
Need to review the Presentation in around 200 to 300 words in APA format
E-Commerce and mobile technologies
Department of Information Technology Management
Management Information Systems – BA60274 H2
Group Presentation
Uday Akkineni (544244)
Shirisha Nagula (546320)
Praveen Kodali (547076)
Under the guidance of
Dr. Sunny.O.Onyiri
Table of Contents
Introduction
Why Use of E-Commerce and Mobile Technologies
Little History on E-Commerce and Mobile Technologies
The Process of E-Commerce and Mobile Technologies
Types of E-Commerce and Types of Devices
Benefits of Mobile Technology
Pros of E-Commerce
Conclusion
References and Citations
Introduction
E-Commerce in words is a process of a purchase/selling of goods and services.
In other words, it comprises of trading entity related to economic values such as goods, information or financial items between peripheral to services.
Mobile technology is a portable technology which runs on operating system which is optimized for mobile computing.
Mobile phones are being directly used by many business/E-Commerce industries in online.
WHY USE OF E-COMMERCE
E-Commerce technology has a very good customer experience which is essential to emerging sales.
Some business units are now planning to create a revolution using the digital experiences where the delivery is more quick and simplifying the procedures.
These technologies now has a very easy access to global market because at any point of time the world encourages new inventions and discoveries that are expected from E-Commerce industry.
There are few benefits with E-Commerce which provides secure market share, low entry cost.
Why use of mobile technologies
Mobile technologies has there steady advancements in their field with more exploring areas where the thoughts were impossible previously.
With the adventure of mobile, many mobile companies had a significant growth which they turned out into some biggest companies.
Mobile technology allows targeted marketing/E-Commerce firms to track behavior of every mobile application user to drive conversion rates.
Also, mobile technologies offers many personalization features which are very convenient to the users which make the business to grow as big as they are now.
History of e-commerce
Back in 1970’s, there is a methodology called Electronic Funds Transfer which is used by the bankers to exchange the money in the secure networks.
In early 1980’s, the technology changed to Electronic Data Interchange introducing E-Commerce in the companies which is widely used by the business.
Late 1990’s, the World Wide Internet made easy technology for the daily information publishing.
After this innovation, the scale of economies was pretty good and quite cheap to do business and to diverse activities of business.
History of mobile technologies
In 1973 Motorola was the first company to introduce Hand Held Mobile.
In present days, mobile phones have been integrated as a part of human life, the firms are working pretty hard to bring new features to the users.
E-Commerce mobile applications was developed by Mobile application companies across the digital markets.
Mobile phones now-a-days are giving access to use the social networking and also shopping to find many more brands at one place on the user specifics.
Process of e-commerce
E-Commerce is the process which works like when a user tries to browse via internet and he connects to merchants website, that would be a starting point.
The user may have a list of items or a catalog which he may have an idea to make them purchase and he may use the shopping cart which is available in the same merchants website so that eh can proceed to his shopping adding items to the cart which ever he likes.
Whenever the customer is ready to complete the purchase he can provide bill and ship address which payment information and can submit the order.
Process of mobile technology
Mobile technology is a network which operates on internet technology which may combine with other applications and technologies including Wi-Fi depends upon the speed ranges.
It has a steadily built in advancements in the area which provides feasible use of consumers or users.
In this way mobile technology is helping the users to explore the area which makes possible as the things previously are not.
So, all these features made the people to get engaged in online shopping and E-Commerce firms to reach customers/users in a polished manner
E-commerce SERVICES
Types of e-commerce
There are 3 types of E-Commerce technologies:
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Business-to-Employee (B2E)
BENEFITS OF MOBILE TECHNOLOGY
There are few benefits with mobile technology:
Portability
Wider Bandwidth
Higher Security
Easy to use
Built-In Features
All Applications in one place
PROS of E-COMMERCE
There are notable advantages with E-Commerce technology
No standing in the queues, Easy checkout via online
Reduce the pricing
Shopping round the world, sitting in one place
Accessible 24*7
Wide selection to serve all consumers
FOUR WAYS MOBILE COMMERCE TECNOLOGY SHAPING e-commerce
Feature-rich apps and mobile stores
Effortless integration
New marketing and advertising opportunities
Analytics services are providing mobile-specific data
conclusion
In general, today’s businesses must always strive to create the next best thing that consumers will want because consumers continue to desire their products, services etc. to continuously be better, faster, and cheaper. In this world of new technology, businesses need to accommodate to the new types of consumer needs and trends because it will prove to be vital to their business’ success and survival. E-commerce is continuously progressing and is becoming more and more important to businesses as technology continues to advance and is something that should be taken advantage of and implemented.
References and citations
Tamturk, V. (2016, August 5). 7 Emerging E-Commerce Technology Innovations. Retrieved from http ://www.cms-connected.com/News-Archive/August-2016/7-Emerging-eCommerce-Technology-Innovations
Kendrick, J. (2013, April 30). Mobile technology: The amazing impact on our lives [Web log post]. Retrieved from http ://www.zdnet.com/article/mobile-technology-the-amazing-impact-on-our-lives/
Garret.Norris.(2017). How to Use Mobile Technology to Increase Sales for Small Businesses Retrieved from http ://www.smallbusinessbonfire.com
Frederick, J. (2016, May 6). 4 Emerging E-Commerce Technology Innovations. Retrieved from http ://www.pfsweb.com/blog/4-emerging-ecommerce-technology-innovations/
