Internet Risks- what can go wrong with a transactional site/ what is E-commerce and E-business

What can go wrong with a Transactional Site?

- Due to purchasing online, some products may actually be dodgy or not as they looked over the net.
- Some people find it hard to hand over bank card details as they feel it is unsafe.
- Users of the site are unaware of the security of the website, which can  make it hard for some to use these types of sites.
- Products which are sold over the internet may not be to the customers satisfaction when it arrives, as it may of been shown to be a lot better on the site then in real life.

What is E-Commerce?


E-Commerce, is where you can buy and sell services and products online, it is where businesses are made, for an easier way for customers to buy there products using card details.


What is E-Business?


E-Business is the use of Technology within a business, it stands for Electronic Business. this includes such businesses as Ebay, as it is run but the internet.

What is sell side E-Commerce?

Sell side within a business has to do with the transactions which a customer has to go though when buying product from an organisation.

What is buy side E-Commerce?


Buy side, is the transactions between the organisation which is purchasing and its suppliers.

 Different types of E-Business


There are 5 different types of E-Business, these include business to consumer, business to business, consumer to consumer, peer to peer and M-Commerece.

- Business to Consumer, is the indirect trade of products between the consumer and the company which is selling the products.

-Business to Business,  is where different online stores will purchase other products which are not there own to sell on there stores, it is similar to the manufacturer  issuing goods to a retailer or wholesaler.

-Consumer to Consumer, is the helping of online dealing of goods and services amount the people.

- Peer to Peer, is where it assists people to share files and sources within your computer, without having to interact with a central web server.

-M-Commerce, is using your mobile to help with transactions over the net.

Which Digital Technology has the highest Penetration Rate?


Mobile phone use has the highest penetration rate, as it has increased from 12% in january 1997 to 85% in December 2009, which is a lot more percentage of use compared to Digital Tv and online use everywhere.

Four drivers to adoption of sell side E-Commerce by Business.


- Marketing costs are reduced, as it is all done online.
- Cost is reduced in the business as there are no massive cost, such as rent if you were not an online business.
-there are less administrative costs, which helps the company safe money.
-supply chain reduction, this is a driver as products can be order and sold quickly.

Four barriers of sell side E-Commerce by Business.


-Lack of knowledge about online businesses can be a barrier for some.
-Time also as some people may not be able to commit to the time that needs to be spent on setting up or looking after the online business.
-The cost to start a E-business may be to much for some people which are willing to start a business online.
- Products online may not be as they seem, so it is hard to identify them online other then in real life.

How might a restaurant benefit. 


Restaurants using E-Commerce could benefit form using online resource a lot. benefits such as cost reduction, such as marketing costs are reduced as online advertising is a cheaper way to put your name out as a business. things such as a menu can be shown on the webpage which can make it easier, for people to view what is being made within the restaurant. updates, within such things as the menu or different deals within the restaurant are easiely and quickly updated on a website other then trying to display it around a store, as things such as signs would have to be ordered along time before the promotion.

Examples of Digital Information


-CD's
-DVD's
-The Internet
-Mobile Phones
-Cameras
-Digital Tv

What is an Semantic Web, are we there yet?


The Semantic Web is a web that is able to describe things in a way that computers can understand it.  it describes the relationship between things to find things around the web when you search for it. Semantic web does not seem to be a popular user for most as it is a pretty unknown product, search engines are a lot more known, so at the moment i believe we are quiet more used to using search engines.