How does E-Commerce create business opportunities?
In the 21st century, the rapid development of information technology
and the rapid increase in information exchange have brought new
drives and innovative ideas to the whole society. The wide adoption
of information technology by the community has led to great changes.
These changes are not simply in the context of data processing or
computing. They are changes which affect how we communicate with
each other, how we organize our daily activities, how we educate
the younger generation, and how we run business. The development
and wide adoption of information technology, computer network and
Internet have transformed the mode of operation of many businesses,
and at the same time have brought along unprecedented business opportunities.
Businesses are now able to conduct transactions across geographical
boundaries, across time zones and at a high efficiency. E-Commerce
has become the market trend of the Century.
What's E-Commerce?
E-Commerce is doing business through electronic media. It means
using simple, fast and low-cost electronic communications to transact,
without face to face meeting between the two parties of the transaction.
Now, it is mainly done through Internet and Electronic Data Interchange
(EDI). E-Commerce was first developed in the 1960s. With the wide
use of computer, the maturity and the wide adoption of Internet,
the permeation of credit cards, the establishment of secure transaction
agreement and the support and promotion by governments, the development
of E-Commerce is becoming prosperous, with people starting to use
electronic means as the media of doing business.
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