Computer Technology Based Electronic Commerce Systems: Architectural Framework, Business Models and its Limitations
Journal Title: International Journal of engineering Research and Applications - Year 2018, Vol 8, Issue 5
Abstract
Electronic commerce (E-commerce) facilitates trading in products and services such as information services, financial and legal services, using computer technologies such as websites, internet and e-mail. E-commerce is the buying and selling of goods and services or the transmitting of funds or data over an electronic network. It is a contemporary business methodology which addresses the needs of organizations, merchants and consumers to cut costs, while improving the quality of goods and services along with increase in the speed of service delivery using computer network. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle, although it may also use other technologies such as e-mail. Moreover, E-commerce also facilitates the farmers about the up-to-date market information on prices for farm commodities, fertilizer and pesticide inputs, and consumer trends related to trading of farm produce using computer networks such as the internet and online shopping web sites. E-commerce system could also be developed for providing informed decisions about the public or industry requirement of particular crops and commodities as well as about best time for marketing of the farm produce. Architectural framework of E-commerce includes the synthesizing of various existing resources like DBMS, data repository, computer languages, software agent based transactions, monitors or communication protocols to facilitate the integration of data and software for better applications. E-commerce business models can generally be categorized into seven categories, i.e., Business-to-Business, Business-to-Consumer, Consumer-toConsumer, Consumer-to-Business, Business-to-Government, Government-to-Business and Government-toCitizen. Though E-commerce offers many advantages to customers, business, society and nation, there are still some areas of concern that need to be addressed. The limitations of E-commerce include security, lack of privacy, tax issue, product suitability, cultural obstacles, high labour cost, legal issues and huge technological cost. In this article, E-commerce architectural framework and models will be discussed with reference to present scenario to provide expert knowledge to the consumers, businessmen and farming community about the transmission of funds or data, buying and selling of goods and/or information and legal services over the network.
Authors and Affiliations
Divya Sindhu, Saurabh Sindhu
Keywords
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- EP ID EP394235
- DOI 10.9790/9622-0805038994.
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