TECHNOLOGY NEEDED FOR E-BUSINESS
Technology is quite a broad term. It refers specifically to the knowledge, processes and products of technological activity. Technology plays a vital role in e-business. Nowadays, e-business is highly available technology which is useful for all types of business Organization. The effective technologies changes the way businesses are operated people work. Thus many businesses today are using internet technologies to web-enable business processes and create innovative e-business applications. Technology also help in playing its role in satisfying the customer demand and maximizing the revenues for the company.
E-business essentially combines all the facets of commercial trade with the aid of electronic technology,the most popular among others is the internet. technology plays significant role in e-business because it provides virtual setting for an entrepreneur to succeed. Technology is the best media available in conducting an e-business which includes the internet, e-banking, electronic payment system and online publishing.
INTERNET: e-business commonly referred to as an internet business. In this modern world the internet plays importance role in e-business because it provides an opportunity for manufacturers to display goods and services inexpensively. It also helps to meet clients and entrepreneurs. In general sense, e-business is a term used to describe businesses run on the internet or utilizing internet technologies to improve the productivity of business.
E-BANKING
E-Banking commonly referred to an Electronic-Banking. It is also known as electronic fund transfer (EFT), which is used of electronic means to transfer funds directly from one account to another 24 hours a day. It can also be used for electronic fund transfer too. Some important activities like work of automated teller machines, pay-by phone systems, debit card purchase transactions and electronic-check conversions are crucial in an e-business.
ELECTRONIC PAYMENT SYSTEM:
Electronic payment system is the process of financial exchange online, which is only possible with credit cards or electronic checks. Electronic Payment System is essential in making business more profitable by providing with the best merchant processing services. It provides complete point of sale merchant processing payment solutions for all business types.
ONLINE PUBLISHING
In online publishing, the entrepreneur uses a computer and prescribed software to produce and publish electronically, which means savings of the cost and production for publishing. Through online publishing, it is useful in making information available for use over computer networks. it refers to the actual mechanics of putting material on the internet. Traditional publishing makes printing books, magazines, newsletters and other printed materials. It is useful to cover the infrastructure of internet marketing. It also enables internet users to view the products quickly on the web.
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