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    Research Paper on E-commerce

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    amnaishfaq210

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    Research Paper on E-commerce

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    amnaishfaq210
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    3 views3 pages

    Research Paper on E-commerce

    Uploaded by

    amnaishfaq210

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Name: AMNA ISHFAQ

    Roll no: 2024F-BCS-190 & Sec-D

    Subject: AICT

    IMPORTANCE OF E-COMMERCE IN COMPUTER SCIENCE

    Abstract
    This paper explores the transformative role of e-commerce in reshaping global trade and
    consumer behavior. One of the most potential application of information technology in recent
    times is that of e-commerce (EC). E-commerce has taken over therefore the world and become a
    major commercial activity. Its potential is enormous in supply-chain management,
    manufacturing, retail and service operations. The EC domain is made up of three generic areas —
    technology, managerial and consumer. E-commerce, also known as electronic commerce, is a new
    way of shopping: buying and selling goods and services on all digital channels. This framework
    allows commerce to take place with businesses and consumers on the Internet; it opens access
    to commerce anywhere and at any time. According to the business models, it can include B2C
    (business-to-consumer), B2B (business-to-business), C2C (consumer-to-consumer), and C2B
    (consumer-to-business), all of which identify a specific market need in the e-commerce
    ecosystem.

    The terminology for e-commerce is vast; B2B—business-to-business relationship, B2C—


    business-to-consumer relationship, B2E—business-to-employee relationship, and all other conceivable
    combinations (for example, C2C—customer-to-customer relationship). Furthermore, subareas of e-
    commerce evolve: m-commerce is “mobile commerce” (a small part of the entire e-commerce
    transactions that occur when a mobile device such as a cellular phone or Palm Pilot is being used), and k-
    commerce is “knowledge commerce” (see Section VI). These are just terms that are part of the complexity
    and uncertainty of something so incredibly wide as a science called e-commerce.

    So, EC is transforming the manufacturing systems from mass production to demand-based to,
    perhaps, customized, just-in-time manufacturing systems. Firms such as IBM, General Motors,
    General Electric and Boeing are assembling products for which the parts are produced in a
    multitude of places across the world. Sub-assemblers collect materials and components from
    their suppliers and they may source materials from one or more levels of manufacturers. In these
    multitier systems, such aspects can be critical — communication, collaboration and coordination.
    EC is also likely to become a brazen in of modern business, as the WWW continues to
    expand, and become more widely accepted. The creation of new customer value-based service offerings
    by enterprises to ultimately driving demand for Internet connectivity. That the EC is simply a web site, and
    it is much, much, more. EC has got dozens of applications namely home banking, buying stuff in an online
    store and mall, checking stocks, not searching on the job, perusing the offering and cooperation. Platforms
    like Amazon, eBay, and Alibaba facilitate direct retail sales and wholesale transactions, providing
    consumers with easy access to products and enabling retailers to reach a global market. Offers online
    banking services, allowing customers to conduct transactions, pay bills, transfer funds, and
    manage accounts without visiting physical branches. E-commerce also supports financial services like
    online stock trading and digital wallets (e.g., PayPal, Apple Pay).
    Some of the Innovations Which are Changing E-commerce:

    • Artificial Intelligence and Machine Learning Application in recommendation engines,


    chatbots, and detection of fraudulent transactions.
    • Blockchain Technology: It will enhance the openness, security, and effectiveness of
    transactions.
    • AUGMENTED AND VIRTUAL REALITY: Making virtual try-ons and product visualizations to
    improve customer experience.
    • Internet of Things (IoT): Effects on inventory monitoring, logistics, and personalized
    customer experience.
    We can expect the future paths of e-Commerce to be along the lines of changes in the
    marketplace, substitution of traditional intermediary functions, development of products and
    markets, and development of new, closer business-consumer relationships. Also, the
    development of e-commerce may stimulate the development of many other sectors already in
    process, such as electronic banking, one-to-one marketing, and direct booking of a range of
    services, giving it a potential catalytic effect. Increasingly companies will become virtual
    organizations with a mobile workforce and radically different and support needs.

    Fig.1

    REFRENCES:
    • W.M.P. Vander Aalst
    Process-oriented architectures for electronic commerce and interorganizational workflow
    Information Systems
    (1999)

    • J. Peppard

    Customer relationship management (CRM) in financial services

    European Management Journal

    (2000)
    • M.K. Pedersen et al.

    Distributed knowledge management based on product state models – the case of decision support in health care
    administration

    Decision Support Systems

    (2001)

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