E-Commerce is a transaction of buying or selling online products and services by businesses or consumers over the World Wide Web.
What is E-Commerce?
E-Commerce is sharing of business information, maintaining business relationships, and the conducting business transactions by means of telecommunications networks.
What DTS E-Commerce Provides:
DTS E-Commerce application provides user more options and quicker delivery of products. We develops an application provides user more options to compare and select the cheaper and better option. A customer can put review comments about a product and can see what others are buying or see the review comments of other customers before making a final buy. DTS E-Commerce provides option of virtual auctions.
Characteristics of Electronic Commerce:
The tools are electronic but the application is commerce.
Commerce is not accounting or decision support or any other internally focuses function.
Commerce is externally focused on those with whom you do business.
Commerce is doing business, not reporting on it or sending messages about it.
Special characteristics of electronic commerce and Web commerce:
Information exchanged and processed by a communications network and computers, as well as e-commerce software.
Most transactions are processed automatically.
Pulls together a gamut of business support services, such as
• inter-organizational e-mail, on-line directories
• trading support systems for commodities
• products, and customized products
• custom
• built goods and services
• ordering and logistic support system supports
• management and statistical reporting systems
How it helps:
Provides job opportunities:
E-commerce bridges the gap between the job seekers and job givers in the society. Human resources are able to get themselves placed in any organization by posting resumes through internet; some organizations also permit people to work from their home. E-commerce through internet provides a global wide network to identify and train human resource too.
Promotes cordial relationship:
E-commerce enables people to send gifts, greetings and gift vouchers to friends and relatives anywhere in the world. This promotes cordial relationship between and among individuals in the society.
Provides a wealth of information:
People through internet are able to access any information, say from tourism to financial products. Access of global information at lower cost, just by click of a button enhances the knowledge of the people and helps them to transform into a part of a knowledge-based society.
Provides Entertainment:
E-commerce helps people to download music, videos and go through latest updates and reviews. It permits people to book tickets to the movies online.
Less pollution:
People can buy any product or service from any location through internet without traveling from their respective home or workplace. Business associates can contact each other from their locations. It reduces traffic and reduces air pollution and contributes to lessen global warming.