Covid-19 has truly changed the way of doing shopping, socializing, and living. Social Distancing has truly compelled us to go with different digital ways to buy regarding the different things. The eCommerce business has truly harvested the churn out of the global pandemic. These days eCommerce businesses are quite eager to add the latest and new-age technologies as well as tools on it sites. The new-age eCommerce merchants have been hunting for upcoming technologies as well as trends to kick off their game indeed.
Let’s understand about the highly advanced Ecommerce Development Company technologies redefining eCommerce in a detailed manner –
- Mobile Commerce Technology
Smartphones are nothing but regarded being a retail shop in your palm or pocket. It covers so much less space. Talking about the lockdown, self-quarantine, and social distancing has led our society to depend on m-commerce a lot. The best thing is that we have truly accelerated the growth of mobile commerce within stipulated time. Why mobile commerce technology is high in demand –
- Mobile is quite easy to carry
- All information can be access via mobile
- We cannot imagine our lives without mobile
- Businesses are taking mobile commerce technology
Studies say about m-commerce, new technologies such as WiMax have truly improved the entire mobile usage among a variety of services as well as different products. Here, it needs to mention that mobile money transfers, loyalty cards, mobile vouchers, etc., Mobile games as well as entertainment programs have truly made our lives quite easy and tension-free.
- Electronic Funds Transfer Technology
EFT Technology has truly improved a lot within a short period. The security aspect of eCommerce has truly gone on to the next level. Here, it needs to mention that EFT has completely mitigated its reliance on physical banks. Direct debit or deposit regarding payments or withdrawals, debit cards or credit cards, and so on can determine our concurrent financial activities.
RBI reports also collaborates the growth of EFT technology in the economy as well as the obvious excellent impact on eCommerce. Because of advanced technology, it becomes quite easy to transfer funds so easily. You would not have to bother about the security at all.
- Highly Advanced SCM Technology
Talking about the role of Supply Chain Management technology, it has truly turn into being quite evident in the field of eCommerce as well as lead to give birth to different online portals such as C2B, B2C, and so on. SCM has truly excellently covered both phases. Whether it is post-production or pre-product, the entire flow and efficiency are handled in a great way.
SCM passes through a historical development right from manufacturing to globalization indeed. We are going with a specialization era where SCM is also available in the form of outsourcing.
Complete digitalization of eCommerce has truly made the entire SCM quite easy regarding merchants. End customers go with it quickly. It would not be an exaggeration if say that manufacturing, as well as blockchain technologies, have truly emerged in the form of revolutionary technologies in SCM in the context of eCommerce.
- Online Transaction Processing or Payment Gateway Oriented Technology
Studies say that Online Transaction Processing does not only facilitate but manages transaction-related applications too. Now, we come up with the highly secured as well as latest online transaction processing technologies to come up with payment gateways. It introduces a wide array of money transfer methods to lift eCommerce indeed.
Digital wallets are regarded being one of the best as well as quite used examples when it comes to the advancement of OLTP technologies. It generally happens that our internet is not restricted to the wired network only. It comes up with Wi-Fi and Bluetooth wireless network options to go through. Mobile networks are regarded as being another option in the market. Digital Wallets have truly made simple, secure as well as quick for everyone.
- Artificial Intelligence Is What Make It The Best
Artificial Intelligence or AI has truly made a huge place at the forefront. Ecommerce Development Company say that ECommerce is no more but an exception. Here, it needs to mention that eCommerce strives regarding the personalization experiences regarding it shoppers. Personalization technologies have truly become highly dependent in the context of AI.
Real-time, as well as automated catboats, have added next-level craze in today’s eCommerce industry. Talking about the automated messaging system, it realizes on AI technology to go intelligently. Artificial intelligence is next on the list. Here, it needs to mention that artificial intelligence has truly changed the entire scenario. Everything seems quite easy and fascinating going with artificial intelligence.
Hope you got an ideal idea after reading this content that what sort of decision you need to take in the context of ecommerce. So, what are you waiting for? It is time to make the right decision without getting confused.
Ronak Meghani is a serial entrepreneur and eCommerce consultant who has worked with small-medium-large companies. He is a co-founder of Magneto IT Solutions and has been closely working with eCommerce ventures since 2010. He has helped 200-plus international brands for building/improving their online ventures in the area of UI/UX, development, launching, revenue enhancement, marketing strategy and much more, and 90% ventures are generating very good revenue. He’s enthusiastic about start-ups, entrepreneurship, sports, and all things marketing.