E-commerce is a buying and selling of product on online platform or Through Internet. In this article, you will get know what type of applications used in e-commerce.
#1. Electronic Auctions
The E- Auctions are a market mechanism for trading the items to customers to customers at a market – with negotiated price based upon the demand and supply. Creating a Online mechanism on internet has added the new dimension of Auction process.It implemented by using E-commerce advance technology to bid online, people getting connected through internet. It potentially encourage greater participation as any internet users with access to site hosting an auction can bid. For example, AuctionIndia.com, Ebay.com.
#2. Electronic Banking
The electronic banking empowers the consumers to access their accounts, carry out transactions through the web browsers or web enabled personal software packages by providing service 24×7.The customers can view account details, transfer funds, pay bills, order checks and review account history. Examples like, ICICI Bank, HDFC Bank.
#3. Electronic Searching
Internet and electronic commerce technologies have put the information few key strokes away from people connected to internet.Web browser can be used for accessing the functionality offered by telephone directories by interfacing the directory database with the web (HTTP) server. The complete functionality offered by telephone directory service provider can be offered through a single wb interface without any human intervention all the time from all the locations. Example , whowhere.com, yp.intel.com
#4. Education & learning
IDC defines e- learning as the concept of delivering trsining over the internet to the desktop. Internet empowers professionals with flexible training, customized learning, work schedules. Internet and WWW provided the capabilities of basic mentoring through email, delivery of content in text with simple graphics, and low- quality web-cats. A good e-learning solution is a full sensory type of approach to technology and education consisting of animations, the multiple voices, the humor, the games, the interaction, the hands-on labs, the simulations, the demos. The online instructor can interact and explain concepts and clear doubts to anyone attending a course, no matter where the students are located as long as they are sitting in connected classrooms.
#5. Electronic Trading
The electronic trading is a mechanism that utilizes the power of electronics and communication media such as internet to bring together geographically dispersed buyers nd sellers on a virtual common trading platform. In the context of stock markets, the e-trading means buying and selling equity online through electronic means. Example, ICICI direct, E-Trade, Fidelity, Charles Schwab.
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