Technological Advancements Of The E Commerce Industry

Technology is a huge factor in modern day life - with 45% of the world having internet access to purchase goods and services, the e-commerce industry is ever growing. Therefore new technologies have a significant impact on the external environment as they guide the new direction of a market. Technological improvements generally coincide with technological advancements in a company’s products helping to gain more consumers and maintain competitive advantage over other companies. Amazons prime addition has between 50 and 70 million subscribers with an increase of 53% last year (Mac, 2015) therefore showing the success of the technological improvement and the ability to increase consumer base by a large amount. Other technological advancements that Amazon has invested in include Amazon video and Amazon music via mobile apps and webpages enabling Amazon to keep up with growing markets. Another form of Amazon using technology is to track and trace consumer patterns – technol ogy has enabled Amazon to see there consumer loyalty rates (50% consumer loyalty in 2004) (Kimble Bourdon, 2013). Similarly as technology is becoming such a large part of everyday life, e-commerce companies are able to gain considerable benefits as their target market grows – faster broadband as well as increased availability of internet helps to promote companies such as Amazon. The business environment is effected by many factors, some of which are included in PESTLE, the global economy has a hugeShow MoreRelatedTechnological Change And Their Effects On Global Market Research1480 Words   |  6 Pages Technological Change and Their Effects on Global Market Research Pradip Adhikari Texas AM University Commerce Fall 2014 Introduction We live in an era of extreme revolutionize, due to rapid technological development. Over the past years, the technological advancement has changed the entire world and way of work environment. Businesses in today s extremely competitive market must not take too lightly the importance of high-tech working environment, capable, well-trained employeesRead MoreKey Attributes Of United Parcel Service1028 Words   |  5 Pagescourse of their businesses. This is mainly because a significant number of consumers can be attracted and accessed through technological measures. It is essential to appreciate the fact that data, infrastructure and e-commerce software form the basis of United Parcel Service’s technological superiority. All these tools play a pivotal role in supporting the company’s e-commerce strategy and the company’s business strategy as a whole. One of the key attributes of United Parcel Service is its commitmentRead MoreE Commerce Is A Process Of Buying Essa y956 Words   |  4 PagesFuture of E-Commerce E-commerce is a process of buying, selling, transferring, or exchanging products, services, and/or information via electronic transactions. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. E-Commerce is swiftly growing throughout the years with the development in Internet and innovation. The gigantic development of virtual groups - individuals getting together in ad hoc groups online - guaranteesRead MoreFuture Of E Commerce : A Process Of Buying And Selling Of Goods And Services On The Internet938 Words   |  4 PagesFuture of E-Commerce E-commerce is a process of buying and selling of goods and services on the internet through electronic transactions (Bartholome, 2002). These transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. E-Commerce is swiftly growing throughout the years with the development in Internet and innovation. The gigantic development of virtual groups - individuals getting together in ad hoc groups online - guarantees to alter theRead MorePestel / Pestle Analysis Of Amazon971 Words   |  4 PagesAn Organization I am familiar with I want to speak about its Pest analysis is Amazon. Amazon.com Inc. successfully shelters the issues shown in the PESTEL/PESTLE examination of its e-commerce business and remote or macro-environment. The PESTEL/PESTLE Analysis model is a tool for classifying the external factors that shape the conditions of a company’s remote or macro-environment. In the case of Amazon, the circumstances of the online retail market are measured. As the largest firm in the marketRead MoreNew Trends In E-Business: E-Government And M-Commerce Essay1382 Words   |  6 Pagesthe economics, markets and industry structure, products and services and their flow. The consumer segmentation, values and behavior has been shifting constantly due to new technological advances in electronic commerce and mobile commerce. E-commerce has given consumers cheaper products and services, instant delivery, no sales tax and information availability. The changes in the Internet and World Wide Web technologies and services lead to new developments in the way E-governmen t efforts provide servicesRead MoreSWOT Analysis : Magm Case Study Analysis1115 Words   |  5 PagesStrengths: †¢ Forefront of the industry Sigma has become the leader of the specialty advertising business since its first debut in 1967. As the forefront of the industry, this becomes a strength for the company to being set apart from the competitors. Also, being the forefront means greater opportunity to derive trust from customers. †¢ Strong brand reputation Sigma is being well-known as a vendor of custom calendars as a marketing tool for other businesses. Sigma has numerous of loyal customers fromRead MoreEssay on E-Commerce and Technology in Different Sectors 1189 Words   |  5 Pages1.E Commerce facilities: 2.Technologies in education sector: 3.Technology in Agriculture: 4. Technology in the Health Sector 5.Expansion of Industries 1.E Commerce facilities: E Commerce or banking through internet is not a new concept.Apart from the government ones the private sectors have also emerged quite nicely.All the leading privale banks such as DBBL,BRAC Bank,Standard Chartard,HSBC,Islami Bank Bangladesh Limited.AB Bank Limited etc has introducedRead MorePest Analysis Virtual Banking1591 Words   |  7 Pages1. PEST Macro-Analysis 2 1.1. Overview 2 Political Factors 2 Economical Factors 3 Social Factors 4 Technological Factors 4 PEST Macro Analysis Summary 5 Bibliography 6 â€Æ' 1. PEST Macro-Analysis 1.1. Overview The virtual banking industry was based primarily on the confidence of the users in the web-based banking technology and the authenticity of the virtual banks. The industry also projected constant changes to the regulations and technology which would define the technology acceptanceRead MoreE Commerce Assessment : Olx India ( Olx.in ) Essay1425 Words   |  6 PagesTEEGAVARAPU LALIT MAHESH Student ID : i144409 E-Commerce Assessment : 1 Topic/Company chosen : Olx India (Olx.In) 1. Introduction: 1.1 Name of the company : Olx.in The World s second largest country by population isn t really known for it s internet penetration. That number stands at a lowly 12.6% where people surf the internet only once a month are also counted. Even so, ask any blue collar worker in the nation about Olx.in , and you ll be surprised at how much they know