Importance Of E-Commerce

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Register to read the introduction… Business models across the world also continue to change drastically with the advent of e-Commerce and this change is not just restricted to USA. Other countries are also contributing to the growth of e-Commerce. For example, the United Kingdom has the biggest e-commerce market in the world when measured by the amount spent per capita, even higher than the USA. The Internet economy in UK is likely to grow by 10% between 2010 to 2015. This has led to changing dynamics for the advertising industry
Among emerging economies, China's e-Commerce presence continues to expand. With 384 million internet users, China's online shopping sales rose to $36.6 billion in 2009 and one of the reasons behind the huge growth has been the improved trust level for shoppers. The Chinese retailers have been able to help consumers feel more comfortable shopping online. There are the other three reasons, which could explain the high growth of China’s e-Commerce. Firstly, the nation paid much attention to the information technology infrastructure. Secondly, many universities and institutes have applied to the research on e-commerce, and conferences on e-commerce have been taken place all over the country. Thirdly, e-commerce applications have been overwhelmingly spread out by enterprises and websites. In a word, the e-Commerce has shown the powerful strength to influence the modern life style, and changed the way of doing business right
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Information is the key to understanding ICTs. Information and communication technologies may be defined as ‘electronic means of capturing, processing, storing, and disseminating information’. ICTs are not the only ‘technology’ that handles information. ICTs are based on digital information held as 1s and 0s, and comprise computer hardware, software and networks. Information systems are more than just technology and information. In building up a systemic model of ICTs, two separate elements have already been identified: the technology itself, and the information on which it

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