using a single unified solution. This makes GoECart an unbeatable value for a merchant’s ecommerce investment. RolleWareHouse partnered with GoECart’s professional services team to build a “Custom Skate Builder” tool that lets its customer interactively configure their own custom-made skates on the fly. Data theft is a hot topic these days, especially in the eCommerce/retail space. Read this article to learn about the meaning, advantages and disadvantages of E-Commerce. Security Flaws. Legally, it is up to the e-business to store and protect or dispose of this sensitive data. Getting the online storefront and other sales channels to sync up with back office operations is a painful experience. The headaches associated with integrating separate systems are virtually eliminated. But with this growth comes security issues in e-commerce that loss prevention professionals need to know about. GoECart includes all of the systems mentioned above (ecommerce platform, multi-channel order management, inventory and warehouse management, and CRM) and utilizes a single data source. Thanks to the introduction of digital platforms, these advancements have provided thousands of opportunities to aspiring entrepreneurs. Further, it’s not uncommon to see that many multi-channel retailers are still using out of date tools that are literally bursting at the seams. Inconsistency: At the bare minimum, business requires consistency in regulation. It can be difficult for the law to keep up with new technologies and inventive ways to conduct e-business. ), Today’s always-connected and empowered consumers want to buy online using their preferred devices (PC, Mac, tablet, smartphone, etc.) The brokers who provide value added services or who manage electronic intermediation (also known as infomediation), are not only surviving but may actually prosper, this phenomenon is called Reintermediation. It’s an affordable way to a… This is an issue because some websites could pay providers to deliver their content at faster speeds, while smaller business with less capital might not be able to afford the faster processing, and the Internet would lose its free-access-for-all feel. An example of a client leveraging some of GoECart’s advanced interactive product customization functionality is RollerWareHouse.com. For instance, when brick and mortar heavyweight Nordstrom started an ecommerce portal, they witnessed big opportunity losses from abandoned carts. Unfortunately, the vast majority of ecommerce systems on the market today take more of a solo approach-they focus on Ecommerce Technology but then require web retailers to buy and integrate other components as add-on systems separately. Fraud on the Internet. Sorry, your blog cannot share posts by email. Merchants can sell not just via their web site but also through traditional channels (brick and mortar stores, call centers, mail order catalogs, pop-up stores, etc.) The phenomenon by which Intermediaries, who provide mainly matching and providing information services are eliminated is called Disintermediation. It is a hot issue for both cyber and click-and-mortar merchants. Net neutrality is the hotly debated idea that Internet users should have equal access to all websites. The services required to support or complement e-commerce are provided by the web as new opportunities for reintermediation. Worse, some of these systems neither web based nor “on-demand.” This invariably leads to: Since GoECart is a highly scalable, on-demand software as a service (SaaS) solution, it is available anytime anywhere. GoECart recognized early on that the usability of the software and its graphical user interface would be key to our clients’ satisfaction and our success. Reports to help you understand customers and potential customers in depth, such as the ways visitors navigate your site-complete click stream analyses such as entry pages, exit pages, search terms used, and more. The Children’s Online Privacy Protection Act, for example, protects the online privacy rights of children. Even the smallest delay or problem during the shopping experience is sure to abandon their shopping cart and click over to a competitor’s site. Even if you’re strictly Ecommerce today, you may have to ponder various issues that may emerge, specifically because you’re competing in a unified commerce ecommerce environment. They need a computer mediator to be more predictable. While these tools maybe good at helping merchants get started with ecommerce and gain early traction, they are typically inadequate to scale the business. During the first few years of e-commerce, the public witnessed many frauds committed over the internet. E-Commerce issues for Industry Regulators. x2x eCommerce is an add-on module to Dynamics GP which adds new features to GP and to Magento eCommerce to make both of them fully compatible with each other and able to seamlessly integrate with each other The Digital Millennium Copyright Act addresses plagiarism and copyright infringement in the specific context of the Internet and e-business. Abdul Kalam Technical University (AKTU) MBA NOTES, GGSIPU ( NEW DELHI ) E-Business 2ND SEMESTER – The Streak, GGSIPU (MBA) E-BUSINESS 2ND -SEMESTER – HOME. My current systems feel old school, and they are difficult to use. With every feature and component, we go to great lengths to ensure an enjoyable and productive experience both on storefront and on the back end. While the rest of the world is moving to the cloud, many merchants are still using multiple disjointed in-house applications that require an expensive IT footprint and staff for daily/weekly management and maintenance. In the Information Age, technology evolves fast and data travels even faster. Poor Content and Product Descriptions Google's Panda update in 2013 caused issues for many e-commerce stores. Let’s discuss the legal issues specific to e-commerce. Nowadays, the internet has created a new function called e-commerce. Therefore, we have made a significant investment on making sure that the interface is both easy to learn and easy to use. Indeed, nearly 60% of global consumers spend more time on sites in their own language than they do in English—or boycott English-language websites altogether. Every website redesign comes with unique hurdles to overcome, but e-commerce websites have many unique issues that most other websites don’t face. In short, GoECart dramatically reduces total cost of ownership (TCO) for retail operations. At the same time, the need to provide exemplary customer service is still paramount. Other areas of potential fraud include phantom business opportunities and bogus investments. Such a small word site crash but has the ability to put a whole business down within a few seconds. Rich interactivity of a desktop application, but in any web browser on any operating system, Intuitive information architecture making everything easy to find, Addictively easy-to-use and clean meaningful interface, GoECart Smart Technology, which remembers merchant’s preferences and choices all along the way, Fast performance to get the job done quickly, Lower training costs and faster time to productivity, Inability to securely access the site’s administration functions remotely, Inability to handle spikes in seasonal web traffic and transactions, Slower and error prone web pages especially during peak times, Customers abandoning purchases due to frustration or lack of trust, Lack of access to timely information and key performance indicators (KPIs) required to make critical business decisions, Lack of availability of IT staff to rapidly respond to issues with the site. The Internet provides a vehicle to trade with remote and marginal markets. Accurately syndicating products and inventory simultaneously across marketplaces like Amazon, eBay, Buy.com, etc. Customers have shorter attention spans and less patience when it comes to challenges with shopping online. Where are the headlines about consumers defrauding merchants? E-commerce uses a web site to transact or facilitate the sale of products and services online . GoECart on the other hand includes the complete toolbox required for merchants to succeed in the same integrated suite, so merchants can run their entire business using a single application. Highlights of the GoECart solution’s revolutionary usability include: GoECart 360’s “revolutionary usability” makes it the industry’s easiest to use ecommerce software. Click on the links below to see how GoECart can help you address these issues. The traditional sales channel will be negatively affected by disintermediation. The availability of e-mails and pop up ads has paved the way for financial criminals to have access to many people. Social and Ethical Issues In E-commerce 01/29/15 www.blogspot.com 2. My current solution is not truly multi-channel. Under this law, it is illegal to use online technology to copy and distribute legally copyrighted material, such as photography, articles or books, music or videos. Saves time by eliminating many of the typical maintenance tasks associated with licensed software. Internet businesses have a legal obligation to protect the private information of their customers. Cybersecurity, competition and order fulfillment are the top three challenges facing e-commerce businesses. There is a significant challenge associated with getting master data to synch up with the other systems related to these customer touch points. Expensive (initial cost of each system, PLUS subscription/ maintenance/upgrade fees), Difficult / expensive to integrate together, Require extensive IT staff to support and maintain, Insecure- migrating of data from system to system increases potential for errors and exposes considerable security risks, Do not provide on-demand anytime anywhere access, Do not provide 360 visibility into key business performance metrics. GoECart not only gives merchants the full suite of modern tools required to sell effectively across all customer touch points today, it also provides exemplary customer support and full range of value added services to help ensure their success. The swindlers are active mainly in the area of stocks. Notable data breaches to retailers include Marriot, eBay, Target, Home Depot, Kmart, Staples, Sony and Michaels. Many e-business activities also involve transactions, so customer banking or credit card information also ends up stored online. The e-commerce industry is continuously on the rise. These tools run the gamut from specialized reporting tools to complex web analytics packages to spreadsheet software add-ons , etc.. The lag in laws mean that e-business executives must rely on ethics as they move forward in e-commerce. Interactive graphical dashboards and drill-down reports on demand-about orders, inventory, customers, vendors, profitability, and website traffic. Ecommerce has evolved into Unified Commerce, and as new channels emerge and converge, your retail or B2B operation must continue to evolve along with this paradigm shift. 1. It is essentially cover all the activities on internet and induce the customer to purchase the product over the internet. Thankfully, analytics holds the answer. Because of this, the law often lags behind, and lawmakers end up drafting laws to clean up Internet… But some Internet providers have the capability to deliver different websites at different speeds. IMPORTANT ISSUES IN GLOBAL E-COMMERCE In the modern times E-Commerce has increasingly emerged as an important means of business and trade. E-commerce is commonly known as electronic commerce and now already become a virtual main street of the world. Some e-businesses track the online activity of their customers so that they can show advertisements based on the customer’s behavior. This underscores the need for today’s online retailers to ensure that the entire shopping experience goes smoothly. There is a chance of a crime over the internet when buyers and sellers do not know each other and cannot even see each other. A recent study from Harris Interactive found that 86% of customers will stop doing business with an organization after a single bad experience. If you're still using those old descriptions, you're probably frustrating your customers, as well as limiting your organic traffic. The features on my ecommerce store front are lagging behind. This industry is brutal and demands businesses to arm themselves with the state-of-the-art solution to differentiate themselves from the crowd. At GoECart, we are serious about solving problems for our clients. Moreover, GoECart’s commitment to rapid and continuous innovation ensures that our clients always remain at the forefront of ecommerce. At GoECart, we believe that a great user experience is the difference between an ordinary application and a revolutionary one. We take that as an ultimate compliment. Everyone in retail is well aware of the growth of e-commerce. It can be difficult for the law to keep up with new technologies and inventive ways to conduct e-business. Apart from the above 5 Marketing Issues, it is very important for every online business to integrate ERP or Accounting solutions with their existing eCommerce Platform. Leaks, breaches, and misuse are the primary ways that individuals’ privacy is infringed upon. We provide a variety of advanced third-party web analytics options (e.g., Google Analytics, Omniture, etc.) But the challenges that ecommerce is throwing at regulators is causing them to repeatedly change their mind. Below is a list of the top issues we solve to help our clients succeed in the highly competitive world of multi-channel commerce. Merchants can view top customers, customers by geography, sales by geography, average order value (AOV), top search terms, repeat orders, orders by status, orders by vendor, and much more. The Federal Communications Commission currently supports net neutrality and bans providers from participating in any program that offers extra pay for higher speed access to any websites. Auctions are also conductive to fraud, by both sellers and buyers. While most competing solutions are difficult to customize and/or prohibit changes to source code, GoECart 360 provides the ultimate in technical flexibility. Strategies for E-Commerce, Internet based Business Models, Dr. A.P.J. The first type of service (matching and providing information) can be fully automated, and this service is likely to be in e-marketplaces and portals that provide free services. Product descriptions came into sharp focus since many stores were using thin or generic text. And, the list goes on. Because of this, the law often lags behind, and lawmakers end up drafting laws to clean up Internet messes instead of preventing them. The functionality is tightly integrated with the RolleWareHouse product catalog and real-time inventory. In 2019, retail e-commerce sales reached US$3.5 trillion globally—up by 165% since 2014, indicating how much technology revolutionized commercial activity. Regulatory Issues. (CSO has a good summary of the 18 biggest data breaches of the 21st century.) We have too many systems and processes to manage, which is hurting our growth, margins and productivity. Saves retailers money associated with IT staff and data center challenges via fully outsourced solution. Provides accelerated access to the latest innovations via frequent and seamless software upgrades for life. Even if the merchants had access to the so called “best-of-breed” technologies, they rarely work well together and merchants are never able to truly leverage their full potential. This is because they were never designed to deal with increased complexity that follows higher volume and competition. The services provided by intermediaries are-. Sadly, with a focus on fixing software “bugs” and in the rush to get the new features out to merchants as quickly as possible, many software vendors make the usability of most ecommerce applications a low priority. Take digital file sharing — dubbed piracy — for example, laws were not created to prevent digital piracy until millions of albums were stolen and the music industry was crippled. As a result, most ecommerce and order/inventory management software is cumbersome, unintuitive, and difficult to use requiring merchants and their employees to undergo significant training costs and time. While, EuroParts upgraded from Network Solutions and StoneEdge Monsoon Commerce. 3. Most computers retrieve websites at the same speed, depending on the user’s Internet account settings or service, no matter if the site is a multibillion-dollar company or a neighbor’s blog. Unfortunately, the reality for many merchants is as follows: GoECart provides a single reliable system that helps merchants drive both sales and lower operational costs. The overall ethical issues facing e-commerce industries surround data privacy. Under this law, parents have control of what personal information their children can give to e-businesses. This is while the costs to manage and maintain back office operations continue to rise. Deniably, e-commerce enterprises offer more benefits, comparing to “bricks-and-mortal” traditional enterprises, but not to be missed the issues and challenges faced by the e-commerce enterprises. E-commerce has a tremendous impact on copyright and related issues, and the scope of copyrights is affecting how e-commerce evolves. The ability to view reports for specific timeframes-including day, week, month, quarter, and year and compare them to other time periods. Internet fraud and its sophistication have grown even faster than the Internet itself. Data to help you better optimize your marketing, merchandising, procurement, search engine optimization (SEO) and promotional campaigns. This makes it hard for merchants to get an accurate picture of their business. E-commerce fraud popped out with the rapid increase in popularity of websites. Disadvantages of this multi-system approach to cross-channel commerce include: GoECart solves all these problems for merchants by providing an all-in-one, fully integrated ecommerce suite that empowers merchants to manage their entire business. E-commerce is fully dependent on internet connection. This places pressure on companies to deal with technical issues of running an online store like: server issues, bandwidth issues, dynamic IP address, data privacy and security issues. My systems are not available “on-demand” and I’m still using expensive on-premise applications. Ecommerce is no longer limited to choices of a shopping cart or a good-looking product. The transition from a multi-channel business to an omni-channel is another … The factors that should be considered here are the enormous number of participants, extensive information processing, delicate negotiations, etc. Behavioral advertising is not illegal, and it is not illegal to refrain from disclosing that an e-businesses tracks activity, although many people consider this nondisclosure unethical. Fortunately, Judith's put together this guide to the key legal issues you. It is the most important issues for e-commerce because without security & privacy, the customer will scared get cheated by the seller. Shipping and manifesting are also fully integrated. My current ecommerce solution is not (well) integrated. Benefits of the SaaS delivery model include: In addition, GoECart’s on-demand technology architecture provides the ability to scale up or down on demand in order to handle spikes in traffic and transactional volume. Since financial transactions are the backbone of e-commerce, if not the entire purpose of it, any hesitation on the part of the customer when it comes to making online payments could spoil the e-commerce party. Social and ethical issues in commerce 1. At the same time, online shoppers have come to expect the sophisticated features they are already using on the larger sites like Amazon.com®, eBay and Walmart.com®. E-Commerce is an evolutionary and encompassing notion which extends into the real world beyond the implementation of information technology. Selling products online is the new norm and must-have for retail. Best of all, new features are delivered to the merchant automatically and seamlessly as they are available, so the merchant doesn’t need to wait for months to schedule software upgrades typical of other ecommerce solutions. In fact, RollerWarehouse is able to give their customers guidance on the precise re-stocking date for the items that are current out of stock because they place all their vendor purchase orders via GoECart system as well. Due to the Internet’s free flow of information, plagiarism and copyright infringement is a continual problem. Intermediation is one of the most important and interesting e-commerce issue related to loss of jobs. 5) Shopping cart abandonment. A few online businesses take advantage of this in unethical or illegal ways. 01/29/15 What is Ethics “The basic concepts and fundamental principles of decent human conduct.” www.blogspot.com I don’t have the visibility to all key metrics needed to make intelligent and timely business decisions. For example, we just saw a record $6.59 billion spent on Cyber Monday online transactions, and soon, online purchases may surpass in-store shopping sales. 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