E-commerce and the world wide web an evolving relationship Research Paper

E-commerce and the world wide web an evolving relationship - Research Paper Example The inauguration of e-commerce could be pursued way back when telegrams, telex, telephones and fax were being used for commercial activities. In 1980, with the use of EDI, efforts were made in order to systemize the business information. The network between businesses were planned and based on value added network (Amor, 2000). The efficiency of carrying out the business was improved; however the commercial growth was limited because of the costly network. In 1990s, due to the internet being commercialized and arrival of computer technology, the network became economical for businesses as well as for the individuals (Amor, 2000). World Wide Web was formed due to the interrelationship. Businesses began approaching their customers by using the internet and to give the information related to marketing or online directory of product. Since then World Wide Web has emerged as a potential place for e-commerce practices (Gundry, & Kickul, 2010). E-commerce is expanding across the globe, which is opening the challenges and opportunities for a group of websites that are able to give e-business development. ECOMMERCE AND WORLD WIDE WEB E-commerce has been increasing all over the globe. Today many businesses are using the internet, websites, extranets and electronic data interchange to carry out e-commerce. E-commerce has been emerging, and whether it is a manufacturing company, a service organization or a retail store, e-commerce is being used by almost by every firm (Smith, 2011). E-commerce through the internet has been a valuable source which could be any source like online advertising, websites, blogs, videos, YouTube, or social media etc. Today businesses form their official websites to carry e-commerce or online transactions. These websites promote the information gathered from the decision making of the consumers regarding their purchases. E-commerce websites assist in building a relationship with consumers by offering usual communications (Smith, 2011) The internet or World Wide Web is not only considered to be an excellent source of communication among the people around the world, but it is also becoming one of the fastest and the most preferred sources for business transactions. Many successful business titans around the globe are addressing e-commerce in order to operate their businesses. Not only business titans, but also many small firms are also making full use of e-commerce and websites that could allow online shopping facilities (Gundry, & Kickul, 2010). World Wide Web has the ability to recognize a huge availability of market potential. Internet is one of the most secured channels to carry out the financial transaction that is the reason why it is attracting many people. The range of e-commerce is as wide and diverse as the internet is. Today anything can be bought through the internet, from the smallest needle to the biggest jumbo airline. Hotel reservations concerning flights have now been a reality. As the population is increasing , more and more people are using these types of facilities which make them comfortable, and it is the most secured means. This field has been emerging like any other field. Businesses make strategies in order attract consumers towards their web. Internet constantly has been broadcasting as the source of communication for the transactions of commerce (Gundry, & Kickul, 2010). In 1999, out of total retail sales, e-commerce was approximated to be $15 billion, which included both business to business and business to consumer (Gundry, & Kickul, 2010). The numbers are constantly increasing after that analysis as the demand has been increasing for the online goods and services. Another reason for the evolving relationship between e-commerce and World Wide Web is that the recognition of the internet as a resource for information and commercial transaction has been on the rise (Gundry, & Kickul, 2010). For the past decade, organizations perform their businesses through the inter