The Future of E-commerce

Research proposal on the Future of E-commerce Name: Course: Professor Name: (April, 2013) Introduction E-commerce has changed the traditional way of doing business. It is changing the way products reach their potential customers making them buy the products faster and avoid the stress of moving from one store to another in search of products: it is slowly killing the brick and mortar kind of business. Many scholars argue that e-commerce will soon change the norm of retailing permanently. This is true as recent reports shows that many people are seeking other alternatives of doing business since they are becoming busier, time conscious, looking for convenience and so only hence shifting to E-commerce. The shift from the norm activates the need for more advanced/new technologies that will enhance the on-line shopping. In addition, the rate of competition is driving business leaders crazy as they continually look for other better ways to ensure they remain relevant in their industries. They are looking for other new kinds of innovations which will make their customers better, modify options and generate more channels to choose from. This research paper will evaluate the future of E-commerce in relation to day to day changing of technology. Background and previous works E-commerce was born in 1960’s through the introduction of electronic data interface which allowed companies to complete transactions with each other. It was not until 1980’s when the innovators had the capacity to introduce a standard called ASC X12 that made it possible for the companies to do transactions reliably and quickly. In 1990’s the introduction of point and click capabilities was invaded by Netscape. From this day, business was never the same again. The beginning of Internet shopping fashion was born. In 1995 the first and the world’s largest E-commerce companies come into being; Amazon.com and eBay.com. Since then other companies have shifted to this new innovation. ...