As e-commerce entrepreneurs, it is important to think about how the future will

Question

As e-commerce entrepreneurs, it is important to think about how the future will impact our businesses. Since technology is always changing and advancing, it is important to identify the advancements as early as possible in order to plan and implement adjustments to the business. With this in mind, let's discuss the major technological advancements on the horizon. What are the major technological advancements that are anticipated to accompany the Internet of the future? Discuss at least one advancement and the impact it will have on the Internet and e-commerce.

Explanation / Answer

e-Commerce

The process involving online transactions can be defined as e commerce. The advent of e commerce dates back in the 1970s but the popularity and acceptance of the service has taken place in the last 10 to 15 years. e-commerce is considered as the big thing now because the process and methods have developed drastically in the last few years and this has attracted various brands to sell their products online. The market had no players initially but today the competition in this field is huge and the giants to name a few Amazon, Alibaba, Zappos, eBay feature in the Fortune 500 list.

This is considered and adjudged as one of the most dynamic industries today and without creativity it is impossible to sustain in the industry with some big names always there seeking an opportunity to grab the market. Technology is the backbone of the organizations and they rely largely on them because using a obsolete technology will pull back the organization from its competitors, therefore the management has to always monitor the recent advancements in technology and the next big thing that is about to conquer the industry. The organization first to identify the advancement and accept it is most likely to sustain and be a big player in the industry.

The latest technological advancements in recent times are:

These advancements will play a great role in the future of the internet because the demand of the customers and changing with time with On Demand we can notice a change in the cab booking methods, food delivery methods, etc. Automation is a big step because it will minimise human effort and it is the next thing that the organizations will adopt and accept this technology. With the bigdata thing various aspects have been simpler and accessible and is obviously improve the conventional process of organizations.

On Demand

This technology is the one which will effect the e-commerce industry to a very large extent because customers will now expect products and services to be delivered more quickly and the e-commerce organizations have to accomodate according to the needs. Continous Integration and Continous Development (CICD) methodology of developing products should be adopted, this methodology promotes development and deployment at a constant and continous way and at a very quick pace. The e-commerce organizations able to accept teh methodology will be the one to survive because in technology survival of the fittest is very much true and valid.

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