E-Commerce in Your Life: Technology, the Economy and Trends

E-Commerce Development
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Institutional Affiliation
E-commerce Development
The 21st century has been marked by a great revolution in telecommunication and computing. The development has been spearheaded by the growth of the Internet Technologies (IT) which has created immense opportunities for its user globally and who have benefited greatly from the IT services. The use of internet technology (IT) in conducting business online, in particular, is referred to as Electronic Commerce or simply e-commerce. This essay will provide a detailed discussion on how technology, customer trend, and the economy have accelerated the application and development of e-commerce.
The social technology has become a great tool for many organizations, especially in the 21st century since it connects and engages the suppliers, customers, and employees as never before. Such social networks include Facebook, Twitter, and Pinterest among others, which have massive followers and who have in turn reflected to potential online customers. These improvements have in turn resulted in effective performance, hence greater customer satisfaction, faster exchange of information between the parties involved and greater economic efficiency as a result of lower costs. Furthermore, the application of e-commerce has, to a greater extent been accelerated by a change in the customer trend. The 21st century tech-savvy societies who are referred to as the Smart Retailer have made the telecommunication and the information technology companies to develop more user-friendly gadgets and software. For instance, Google has come up with a Google Buy button which facilitates direct e-commerce transactions when it comes to shopping results (Bohle, 2016). Furthermore, Google search engine optimization has enabled the retailers in making their pro...