Commerce is the exchange or perhaps buying and selling of commodities over a large scale and involves transfer from place to place.
E-Commerce: - Most popular, performing transaction on Internet
M-Commerce: - Business transactions through mobile
T-Commerce: - Use Television set - top package to do commercial transactions
V-Commerce: - Using voice commands to perform transactions
P-Commerce: - Proximity trade using bluetooth or home technology
What is next?
Demand for New Technologies
Newer technologies, stimulated customers, and highly competitive marketplace make it imperative for businesses to invest in ways of increasing the overall business performance.
"The Web has introduced a significant wave of change. Our communication designs have changed. We have grow to be dependent on email. We connect to firms via Web sites.
The subsequent wave-introduced through wireless technology-is about to switch our lives even more. The increase in transmission capacity of wireless equipment lays the foundation for interaction unrestricted by physical destinations. We can surf the Internet decoupled coming from landline computers.
In addition, we can easily do it any time, blurring the borderlines of business and private space. Sometime soon, we will experience another wave of change-a world that provides the final form of ubiquitous networks as well as universal devices, a world this presents an alternative view of space and time." - Miller & Watson, - 2002
Were now shifted to do business around virtual space rather only proving ourselves in geographical area.
Smart Card China
Integrated approach of business
U-commerce
A built-in approach is the key. A type of the business sector where a commercial transaction can be carried out securely, any time, anywhere in the world, via any equipment, whether " cable " or wireless, using Internet technologies.
"U-commerce is a dynamic unity of the physical and the digital camera, the interface of brick-and-mortar industry with Web-based wireless and other next-generation technological know-how in ways that will create new levels of convenience and value pertaining to buyers and sellers."
- Stephen Schapp (Work permit International) & Richard D. Cornelius (Accenture)
"A expression u-commerce has been created in the Internet world this refers to commerce that can be performed anywhere and any time in it's a fusion of e-commerce, m-commerce (mobile marketing), t-commerce (television commerce) and brick and mortar. It means seamless motion for consumers. U-commerce means that prospects can come from all angles * today they may be in a shop, tomorrow they may come on you via a website, cell telephone phone or online television." - Lourens Botha, McCarthy On-Line
You will find four fundamental dimensions of u-commerce as described by Watson, Richard Testosterone., Leyland F. Pitt, Pierre Berthon, and George M. Zinkhan.
1. Ubiquity,
2. Uniqueness,
3. Universality, along with
4. Unison.
Ubiquityallows users to access networks from anywhere at any time, and as a result, to be reachable at any place and then for any time. Computer will be practical everywhere. Basically we can claim cheap will be embedded in each of our daily life so as to be had good results by Internet & wireless engineering supported by Intelligent systems. Electronic.g. Payment technology is becoming ubiquitous, shattering past limits of location and operation. It can now connect the tiniest rural community, enabling the item to conduct commerce with the remainder of the world.
Uniqueness allows buyers to be uniquely identified-not only concerning their identity and associated preferences, but also in terms of the geographical position. Avail just services what you want. Every program will be customization of your needs. It will be according to your assignments in daily life. Download music to make your mood or maybe transfer sales records for your business data server right then of sale. Everything is unique and customized.
Universality means tools are universally usable and multi-functional. Caused by Internet and satellites your current desktop, laptop, cell phone, or maybe PDA will avail cost-free mobility and lots of information at any time.
Unison covers the idea of built in data across multiple software so that users have a dependable view on their information-irrespective of the unit used. Consistency means basically change an address in my telephone book it should reflect changes in my own cell phone, calendar and PDA simultaneously.
ID Card printing
Using U-Commerce in Real Globe
Visa is committed to producing its vision of universal commerce a reality, creating a community in which payment transactions can happen anywhere, anytime and in any way. Visa U.S.Your. is exploring new Internet-enabled point-of-sale equipment that will be connected to a service site for merchants, integrating customized payment and value-added non-payment Services. Via this Web-based POS service, sellers will be able to broaden customer human relationships while lowering costs.
Volvo implemented a wireless enterprise solution to speed up its data collection procedure to inspect cars and develop quality assurance.
The wifi solution enables the dealer to - at virtually any location - present the customer with current promotional delivers, up-to-date financing information, price along with model availability in Fiat.
Remote product monitoring: With make use of sensor technology developed by Graviton, Coca coca-cola will monitor soda features to monitor syrup usage.
Doctors can access patient data and even pharmaceutical and insurance details through Ready Script's wireless, hand-held, point of care prepare.
In short, U-commerce is the creation of some sort of marketplace that reaches individuals where they are at using the equipment that they want to use, with the cpa networks doing the work without the user being forced to intervene.
Suggested Readings & Methods
1. Accenture (2001). "The Future of Mobile: Different than You Think, Bolder When compared with You Imagine." Cambridge, MA, Accenture Institute for Strategic Adjust.
2. "U-Commerce: The Ultimate" - Simply by Richard T. Watson
3. "U- trade Fact sheet" - Visa
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