E Business
E-Commerce
E-commerce stands for electronic commerce and is generally described as a method of buying and selling products and services electronically through internet.
Classification of e-Commerce
| Types | Description |
|---|---|
| B2B (Business to Business) | Sells products or services to other businesses. e.g., www.freemarkets.com |
| B2C (Business to Consumer) | Sells products or services directly to consumers. e.g., www.amazon.com, www.yahoo.com |
| C2B (Consumer to Business) | Consumer fixes a price on their own, which businesses accept or decline. e.g., www.priceline.com |
| C2C (Consumer to Comsumer) | Consumer sells directly to other consumer. e.g., www.ebay.com |
Advantages of e-Commerce
- Expands the company’s market place to national and international markets.
- Enables the companies to procure material and services from other companies rapidly and at less cost.
- Gives the consumers more choices in selecting products and vendors.
- It facilitates competition, as a result of substantial didcounts.
- Enables consumers to shop or makee other transactions 24 hours a day, from any location.
Disadvantages of e-Commerce
- Lack of universal for standard, security and reliability.
- Many companies have had trouble recruiting and retaining employees with the technological, design, and business process skills needed to create an effective e-commerce presence.
- Many businesses face cultural and legal barrier to e-commerce.
E-Medicine
It is the technology in order to provide clinical health care at a distance through the use of information. E-medicine is the use of medical information exchanged from one side to another via electronic communications to improve a patient’s clinical health status.
Advantages of e-medicine
- Improved Quality of care
- Convenience and Efficiency
- Patient access
- Financial Incentive
Disadvantages of e-medicine
- Potential privacy and security issues
- Inaccurate information
- Malpractice liability concerns
E-Governance
E-governance is the use of information and communication technology (ICT) to enchance the access and delivery of government services to benefit citizens, business partners, and employee. It transforms the traditional government using ICT to make it clear, effective and accountable.
Benefits of e-governance
- Reduced corruption
- High transparency
- Growth in GDP
- Direct participation of constituents
- Reduction in overall cost
- Expanded reach of government