Advantages of E-commerce

Electronic commerce abbreviated E-commerce “is the buying and selling of goods, services and information on the Internet, especially the World Wide Web. Sometimes used interchangeably with e-business” (whatis.com). In simple words-commerce conducted on Internet.

Advantages of E-commerce
E-commerce can drive productivity and be a source of innovation within organizations. It offers following advantages to business:

• Improved customer service: With the most basic use of e-mail a business has a fast and reliable way to communicate with suppliers or to receive and respond to customer requirements.
  
• Better business hours: Operating 24 hours and seven days is possible without the traditional overheads.
  
• Reduced inventories: With shorter, faster supply chains, physical warehousing of inventory can be reduced or even in some cases removed.
  
• An easier and cheaper way of doing business: Orders can be accepted, confirmed, processed, and increasingly, paid for in an online environment and can provide real cost reductions over telephone, fax or paper-based transactions.
  
• A new way of doing business: E-commerce creates new opportunities for innovation and value creation in all sectors of the economy.
  
• Access to worldwide markets: E-commerce is open to anyone. So business gets access to worldwide markets.
  
• Can track purchases and use data to recommend other items to the customer: Previous purchase orders can be tracked and seller can recommend new items which are coming in market to those customers and that is without much cost.

Mobile Commerce
Wireless Application Protocol
Remote sensing Instruments
Grid Computing