Electronic Commerce: What is E-com?

Electronic Commerce (EC) is no longer just a concept; it is a market force to be reckoned with. As more and more organizations launch Internet/World Wide Web (WWW) home pages and intranets to disseminate company/product information, and expand their customer base, countless yet unnamed companies are just beginning to investigate this alternative.

These companies are realizing that business via the Internet is inevitable that they will not be able to ignore. The lure of reaching additional customers, expanding market shares, providing value-added services, advancing technological presence, and increasing corporate profits is just too valuable to disregard, and will eventually attract companies to electronic commerce like moths to a flame.

Electronic Commerce is the process of doing business electronically. It refers to the use of technology to enhance the processing of commercial transactions between a company, its customers and its business partners. It involves the automation of a variety of business-to business and business-to-consumer transactions through reliable and secure connections.

E-Commerce is a sophisticated combination of technologies and consumer-based services integrated to form a brand new paradigm in business transaction processing.

The future of e-Commerce is bright and viable; the application, however, has not yet reached full integration into the business mainstream. Several significant hurdles remain, which must be cleared before electronic commerce will become a mainstay business strategy.

Well, this was the initial view on E-com, we shall continue the discussion with the benefits of E-com on the next article, stay tuned for that.

If you have any queries. doubts or suggestions, feel free to comment. Just click on ask question from the left panel of your screen.

Thank you