Utility of eCommerce in Our Life

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Utility of E- Commerce in our Life

INTRODUCTION: In the 21st century, the rapid development in the field of computer science had braught changes in the whole society. These changes are not simply in the context of data processing or computing . The development and wide adoption of information technology, computer network and Internet have transformed the mode of operation of many businesses.Businesses are now able to conduct transactions across geographical boundaries, across time zones at a high efficiency in cost effective manner. Statement of thesis: The greatest gift of computer science is E-Commerce as it has become the market trend of the Century. P1: Electronic commerce, commonly known as e-commerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the internet and other computer networks.Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. P2: E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses of all sizes in many aspects. Some common applications related to electronic commerce are Enterprise content management, Group buying, Automated online assistants, Online shopping and order tracking, Online banking, Online office suites, Shopping cart software, Teleconferencing, Electronic tickets. P3: For customers, the advantages occur in the buying process, product research, evaluation and execution. E-commerce provides customers with a platform to search product information through global markets with a wider range of choices, which makes comparison and evaluation easier and more efficient. With the ubiquity in accessing the Internet, consumers are able to search for shops or perform other transactions anytime in almost location. Cheaper goods and services is one of the...
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