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Given the historical development and evolution of e-commerce since its inception, what do you predict for...

Given the historical development and evolution of e-commerce since its inception, what do you predict for the future of e-commerce during the next five years? What are some of the technological, business, and societal shifts that may occur?

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Answer #1

FUTURE OF E-COMMERCE

  • increase in affordability
  • increase in efficiency
  • increase in reliability
  • coverage of larger sector of the world
  • versatility in service providing

TECHNOLOGICAL CHANGES-

  • changes in the manner of production to distribution channel
  • consumer friendly interface
  • secure and efficient gateway which provides prevention against online thereat

BUSINESS CONCERNED CHANGES-

  • development of small and medium enterprises.
  • equal opportunity to all the business segment irrespective of their capital capacity
  • encouragement to new businesses and startups

SOCIAL CHANGES-

  • increased and improved standard of living
  • effective and better quality product
  • customer oriented market
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