Analyzing the Importance of E-Commerce Technologies

The entire essay helps in analysing the importance of e-commerce technologies in changing the social life of the individuals. Proper analysis is required to be done in order to understand the impact of suppliers in overcoming the different threats and risks that are associated with such technologies as well.

The main aim and purpose of the essay is to understand and analyse the models of business, structure of the market along with analysis of the commerce in the new society with implementation of the e-technologies.

The structure of the essay will include the impact of e-technologies in changing the modern social life of the different individuals. The proper threats and risks has to be analysed effectively that will help in understanding the nature of the business and strategies is required to be mentioned that will be used to overcome such issues and threats as well.

The e-technology is defined as the technology that is required to store, distribute, manipulate and create proper and accurate information and this is the mechanism that is used in order to process the data effectively. The influence of the information or electronic technology has huge impact on different religious practices that has helped in making decisions and making the information more accessible in nature (Andrews 2017).

E-technology will help in covering diverse range of IT/ICT that are used with the architecture of the network that helps in affecting the different kind of activities in organization and business in an efficient manner. the e-technology or the information technology has created a huge impact on the society as this has helped the society in solving the different kind of issues and solve them effectively as well. The technology is essential in nature as this will have and create huge operations in the different kind of business operations.

Furthermore, it can be seen that the information technology has created tangible and intangible kind of effects on the organization as this will help in generating productive results for the different customers in the organization. With the proper development of the information technology, it has helped the society in changing with the global kind of communication and it has helped the society in providing different kind of immense kind of scopes in an effective and interactive manner (Hatch 2018).

E-technology or the information technology has created huge impact on the society wherein this has helped in creating proper opportunity to the society in order to make commercial expansions. The information technology has to be analysed in an effectual manner that will allow the individuals in communicating the different kind of alternatives with the analysis of the communication technologies. The information technology has tried to improve the different kind of traditional methods that included the face-to-face along with written modes as well.

Models of Business and Market Structure

In the past decade, it can be seen that the individuals have progressed far and quickly in the terms of the technological advancements. The initiation of the technology in the entire society has helped in bringing the mass together and the process of the entire communication has changed since that phase of the time. The discovery of the internet has helped in changing the communication strategies that has been used by the individuals in the society and it has created changes in the behaviour, philosophies and the conduct of the individuals as well. In the past scenario, it was seen that the form of communication was different from the present and it had different kind of pros and cons as well.

 For instance- When the individual did not communicate with one-to-one, it meant that the individuals were not communicating effectively with the other person and that was not a perfect kind communication. There were different kind of issues faced by the individuals in the society in that era and it created huge issues in the process of communication as well.

However, with the emergence of the internet and other mobile devices, the penetration has increased to a huge extent and this has helped in changing the entire process of communication among the individuals in the society (Martin 2017). It was seen that the face of the entire communication has changed drastically and the communication face has changed beyond recognition and in a positive manner. Internet is not just regarded as the tool to communicate with the different individuals, however it is the essential tool for convincing the individuals that has made huge difference in the fast-changing circumstances in the modern world (Steinmetz and Nobles 2017).

Furthermore, the individuals have progressed in a magnificent manner in the arena of technology and it has helped in comprehending the true value with the implementation of the internet along with the components. With the implementation of the communication with internet, it has been made easier for the masses than the past era (Li et al. 2017). The individuals have been able to utilize communication for the trade and this has helped the company in connecting with the world in a better manner as well. The different kind of businesses do not have to depend on the geographical destination as to generate the benefits. The complete target spectators have altered radically from native to worldwide and the shopping along with other ticket-bookings has become hassle-free as well (Chowdhury, Kalyan and Chowdhury 2017).

Impact on Modern Social Life

The e-technologies has tried to create a trend that has helped them in understanding the behaviour of the consumers in the market. The expenditure of the individuals is being predicted as this will help in exploiting their behaviour (Grunwald 2015). For instance: it has been seen that there are different processes to convince the customers wherein it is equal to selling a comb to the customer who is bald and it is providing the customer false hope that this will be reducing after the usage of the comb as well. These kinds of activities are taking place everywhere and this is insane in nature as well (Webster 2014).

There are different kind of risks and threats associated with the usage of the e-technologies. While discussing about the e-technology or the introduction of the e-commerce technologies, the first issue is relating to the privacy of the consumers and this will create huge issues in the behaviour patterns of the consumers as well. It has been seen that the different activities performed by the customers on the internet sites are their behaviour and the behaviour of the customers that is recorded in nature relating to the products and services is the exploitation level (Avgerou and Walsham 2017).

 However, it is known that the data are recorded by the companies on the internet is accordance to the different kind of products and services according to the tastes and preferences, however there are times when the different essential kind of data are lost and this causes huge disruption in the trust of the consumers on the internet technologies (Graedel et al. 2015). It has been seen that there are times when the different kind of important data that has been shared by the companies are not having any kind of window of security as well. The digital kind of identity is under risk and this causes huge issues for the security of the individuals as well in the market.

Furthermore, it has been seen that the different kind of data of the individuals that are stored in the internet while they are purchasing or taking a new mobile connection as well. These are the different kind of issues that can cause huge issues to the individuals and this will be difficult for the individuals to erase the different kind of information as well. The different providers of the e-commerce guarantee in promising encryption and different kind of security for using the different kind of services as well. however, these kinds of securities are only available for a specific amount of time and this can create issues for the individuals to trust the internet for saving such information in an effectual manner (Neacsu, Woods and Sheldon 2015).

Threats and Risks Analysis

It can be seen that the different e-technology providers keep on updating the features and there are new additional features that are listed on the websites. These can create loss of privacy of data in the systems and this can lead to data theft as well in the organization. The security providers do not take proper care of the different kind of essential data and information of the individuals effectively as this will create issues in the security of the data as well. These kinds of issues can affect the security and privacy of the data of the different individuals and this will create privacy issues in the details of the different data and this will cause negative impact on the trust of the individuals as well (Penttinen 2015).

Proper and accurate security is required everywhere that will help the individuals in trusting the e-commerce technologies. Proper internet-based technologies are essential in nature as this will help in understanding the different difficulties and this can lose control and strive for it in a continuous manner as well. Proper supplier relationship is required to be maintained as they are the main customers of the e-commerce business and they will be able to provide huge business to the customers. Proper control is required to be done and maintained in an effectual manner as this will help in solving the issues in an effectual manner (Schwalbe 2015).

There can be headache for the refund and the product return and this causes huge issues for the suppliers as well. For instance- when the customers purchase different kind of goods and services from internet, there can be different issues relating to the policy and procedures as well. The suppliers face different kind of data theft issues and other issues relating to the stock management ands inventory management as well. However, there are different issues that cannot be coped up with the retailers in the competitive market. The emergence of the e-commerce technologies can create huge issues for them wherein they will be losing their target customers and this will create huge loss to their business as well (Peiris et al. 2015).

With the emergence of the online markets in the competitive market, it has been seen that the offline markets are not able to cope with the different issues and they do not5 have such kind of implementation of the information technologies in their shops as well. The offline stores have traditional kind of organizational structure that will create huge threats to them and this can create pressure on their business as well (Yadav and Mahara. 2018).

Nature of Business and Strategies

The suppliers of the offline stores need to build their organizational structure in such a manner wherein they will help them in competing with the online stores. The implementation of the technological advancements will help the company in understanding the requirements of the customers and proper technological advancements by introducing the different kind of customer delivery system and introducing sales on different kind of items as well. These kinds of technological advancements will help them in maintaining competitive advantage in the market in an effectual manner.

Proper ascertainment of the different internal departments of the offline stores has to be done effectively by them as this will help them in maintaining more options that will help the different customers in choosing them in comparison to the different online stores.

Conclusion

Lastly, it can be concluded that the e-technologies has created huge importance in the lives of the individuals wherein they have made the entire communication process effectual in nature. The different kind of analysis has been done wherein this has helped in understanding that the e-commerce or the information technology will help in sorting out the different kind of issues of the suppliers in comparison to the entire e-commerce activities.

The suppliers have faced different kind of issues in comparison to the internet shopping and this has led to lose of customers as well. Proper ascertainment has been done by the different suppliers wherein this will help the different offline shops in competing with the online stores. The online stores have created huge pressure on the offline markets wherein the different kind of technologies has to be used to in an effectual manner.

References

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