E commerce and future of retail

E-commerce refers to the buying and selling of goods and services and also the transmitting of funds or data, over an electronic network, which include business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. Now , E commerce is in the executing stage. Ecommerce already enjoys a significant advantage over other types of business. There are thousands of high-quality apps, all readily integrated into each other so that even small-budget players can rapidly automate the entirety of the process.

The main step for ecommerce will be the application of AI systems that running evolutionary algorithms designed to find the absolute optimum. By developing systems using these algorithms, which are designed to effectively test, optimise and repeat on loop, ecommerce will move into an even higher level of sophistication as this technology improves. The upshot for those running ecommerce businesses is to embrace these processes.

The boundaries between ecommerce and physical commerce, i.e. the retail store, will become less definite as time passes, and companies are already looking at ways of tying together online tracking and customer information with their real-world experience. This also complements the idea of greater customisation of the shopping experience which allowing retailers to use existing online data to personalise their entire relationship – both online and offline. The ecommerce future is uncertain, but some things remain constant – delivery times will improve, customer service will get increasingly better, and product selection will become ever greater. For more

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Ecommerce

E-commerce business models can generally be categorized into the many categories such as Business - to - Business ( B2B ), Business - to - Consumer (B2C) , Consumer - to - Consumer (C2C), Consumer - to - Business (C2B), Business - to - Government (B2G), Government - to - Business (G2B), Government - to - Citizen (G2C) etc. Business - to – Business model sells its products to an intermediate buyer who then sells the product to the final customer. An example include a wholesaler places an order from a company's website and after receiving the consignment, sells the end product to the final customer who comes to buy the product at one of its retail outlets. Business - to – Consumer model sells its products directly to a customer. Consumer - to – Consumer business model helps consumers to sell their assets like residential property, cars, motorcycles, etc., or rent a room by publishing their information on the website. In Consumer - to – Business a consumer approaches a websi

World Fastest Growing ecommerce platforms and market Trends::::::

E-commerce is a transaction of buying or selling online. 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. E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably . Future Trends: Turning Challenge Into Opportunity Social Commerce Compelling Co

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Augmented intelligence is used to enhance human intelligence. It mainly focuses on AI's assistive role. Artificial Intelligence, or AI, is the most promising technology of our times. In the future technology, it’s clear that artificial intelligence (AI) is the final frontier. Augmented Intelligences in the work environment now pay a great way for the overall increase in technology. Alternative label for artificial intelligence also reflects the current state of technology and research. Maybe AR in future is better suited for specific intelligence, rather than general intelligence. Augmented intelligent systems have already been implemented at a large number of both large and small businesses in these days. AI-driven marketing automation technologies is used to enhance data’s in business sectors. Augmented reality gadgets are frequently controlled either by touch a cushion or voice orders. The touch cushions are frequently some place on the gadget that is effortles

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