We often heard people saying about “e-com” nowadays, but do you all know what e-com stands for? E-com actually is e-commerce which means a technological-mediated exchange between parties whenever is individuals, organization or both. The exchange (e.g. product, services and information) may made either intra- or inter-organizational.
Apart from knowing the definition, of course we also need to know a little about the history and revolution of e-commerce. In the early year of 1844, telegraph is use to send message throughout the world where e-commerce has not yet be emerged. Even though computer has existed in 1930an but the sharing of electronic data among geographically dispersed co
mputer still cannot be implement. This happen because the software application of certain producer is not compatible with another producer. Thus, this hinders the data exchange between the computers that were not running the same computer software.
Things become different when there is an extended uses of electronic fund transfer (EFT) which was introduced in 1970s. This enables the financial institution and organization to transfer their fund to their associates, business partner or employees. In 1980s, another system was invented which is Electronic Data Exchange (EDI). This allows the inter-company exchanges of document (purchase order, invoices). EDI has reduced cost on producer and distributor sides by the enhancement of purchase processes which they can optimize their stock in correlate with the demand. However, there are disadvantages where this system is expensive to maintain and hard to compatible with other software.
A significant change happens during the yearly 1990. Tim-Berners Lee has written the first web-Browser which is World Wide Web (WWW), more about: http://en.wikipedia.org/wiki/World_Wide_Web
; The US government allowed public access to the internet; and introduction of software named Netscape was introduced in 1994 which provides user a simple browser to serve the internet. This truly global network has created a market for a business where there are two big online stores
which is Amazon and E-bay was launched in 1995 and more and more offline store start their business on line. This happen because the WWW provides a user friendly interface and it actually can altered the way the information in the internet is presented such as they can add pictures, video, animation, music and hyperlink in their web page.
In conclusion, e-commerce has expanded from B2B to B2C, C2B, and C2C in recently years. As we can see, more and more organization are started to conduct their business through internet. This included McDonald, Dominos Pizza which provide on-line order services or the other example is Maybank which provides on-line banking service (Maybak2U). E-commerce seems to be a potential way to conduct a business in a technological world nowadays. However, security issues may always happen in an internet world. So, in order to expand the use of e-commerce, more attention needs to be emphasized in that aspect to light up the future of e-commerce.
Apart from knowing the definition, of course we also need to know a little about the history and revolution of e-commerce. In the early year of 1844, telegraph is use to send message throughout the world where e-commerce has not yet be emerged. Even though computer has existed in 1930an but the sharing of electronic data among geographically dispersed co
mputer still cannot be implement. This happen because the software application of certain producer is not compatible with another producer. Thus, this hinders the data exchange between the computers that were not running the same computer software.Things become different when there is an extended uses of electronic fund transfer (EFT) which was introduced in 1970s. This enables the financial institution and organization to transfer their fund to their associates, business partner or employees. In 1980s, another system was invented which is Electronic Data Exchange (EDI). This allows the inter-company exchanges of document (purchase order, invoices). EDI has reduced cost on producer and distributor sides by the enhancement of purchase processes which they can optimize their stock in correlate with the demand. However, there are disadvantages where this system is expensive to maintain and hard to compatible with other software.
A significant change happens during the yearly 1990. Tim-Berners Lee has written the first web-Browser which is World Wide Web (WWW), more about: http://en.wikipedia.org/wiki/World_Wide_Web
; The US government allowed public access to the internet; and introduction of software named Netscape was introduced in 1994 which provides user a simple browser to serve the internet. This truly global network has created a market for a business where there are two big online stores
which is Amazon and E-bay was launched in 1995 and more and more offline store start their business on line. This happen because the WWW provides a user friendly interface and it actually can altered the way the information in the internet is presented such as they can add pictures, video, animation, music and hyperlink in their web page.In conclusion, e-commerce has expanded from B2B to B2C, C2B, and C2C in recently years. As we can see, more and more organization are started to conduct their business through internet. This included McDonald, Dominos Pizza which provide on-line order services or the other example is Maybank which provides on-line banking service (Maybak2U). E-commerce seems to be a potential way to conduct a business in a technological world nowadays. However, security issues may always happen in an internet world. So, in order to expand the use of e-commerce, more attention needs to be emphasized in that aspect to light up the future of e-commerce.
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