The Future of E-commerce for Emerging Companies
E-commerce and the internet have created new ways in which businesses can relate to their customers, suppliers, partners and investors. The Internet’s open architecture allows for new relationships, channels and ways of doing business among manufacturers, distributors, wholesalers, service providers and end-users. The Indian E-commerce sector has come up a long way since the early 2000. The ecommerce marketplace is maturing, with the cost of ecommerce platforms generally declining. Demand for services and solutions nevertheless remains high, which means there is a strong appetite for new functionality.
Technology Impact on E-commerce Industry
To stay on top of business amidst the hyper competition and market volatility, e-commerce firms have to be highly driven by technology. Mobility, social media, analytics, cloud computing are emerging as the hottest technology trends in the eCommerce sector and companies are spending heavily in these technologies.
Enabling Successful eCommerce for Small Midsized Businesses
All companies are faced with adapting to eCommerce and keeping up with rapidly changing developments. But small to midsized businesses (SMBs) are particularly challenged due to their limited resources. Yet SMBs are often in a better position than enterprises to convert customer browsing to sales through greater agility and richer customer and market knowledge.