The Picker: An E-Business Report

The Picker: An E-Business Report
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The Picker: An E-Business Report
Electronic business (E-Business) uses digital information and communication technologies to optimize and support business procedures. It includes conducting business processes through the internet, extranet, web, or the intranet, and individuals can buy and sell goods and services through commercial transactions conducted electronically (Saura et al.,2019). In addition, that customer and technical support can be given with the aid of the internet. It encompasses a broader range of business processes, including customer relationship management, Business Intelligence, Supply Chain Management, Enterprise Resource Planning, among others (Saura et al.,2019). These are becoming increasingly crucial as more companies' sales, marketing, and other internal business procedures are carried out. This report discusses digital technologies in innovation and business transformation, how business processes can be improved using these digital technologies, how database systems can accommodate changing business needs, and how disruptive technology can potentially affect business transformations.
The internet, for over 20 years, has been transforming businesses. Most businesses, buyers, and sellers have shifted to the web user to conduct business activities (Duarte et al.,.2018). There are several factors as to why customers and businesses have moved from offline to online business activities. Customer service enhancement is one of the main factors influencing online business growth. MYDRONE, with its invention of a drone that can provide personal assistance, has catered for this factor. This drone, with its extension, can take selfies and has an umbrella, and there is room for the addition of more features according to the target customers. Customer satisfaction is critical as it determines the success of the product. Satisfied customers might repeat the purchase or even market the company’s product if the service they will get exceeds their expectations (Duarte et al.,.2018).
The digital business has provided an opportunity for cost reduction and time-saving, which is crucial in online businesses (Duarte et al.,.2018). For example, browsing catalogs through the internet saves time compared to the traditional form of conducting business activities. The elimination of the time required to go to the store is a motivating factor to run businesses online. It also reduces stress and costs incurred in conducting business offline. MYDRONE has catered for the cost factor in that there will be model customization as per customer requirements, and a variety of models will be available.
Building an online business requires specific strategies which are crucial in the success of the company (Grover et al.,.2018). One of these strategies is conducting thorough market research, which includes learning what the target market lacks, needs, or lacks. It helps in determining the profitability and competitiveness of the selected business. It also helps in determining the pricing, demand, and validating the product idea. It includes looking at the competitors, choosing ...