E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur as either business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
- Client : Al-Manarat Al-Madan
- Category : E-Commerce Solution
- Date : 12 August 19
- Website : www.egateway.com
- Location : Kingdom of Saudi Arabia
1979: Michael Aldrich invents electronic shopping. English inventor Michael Aldrich introduced electronic shopping by connecting a modified TV to a transaction-processing computer via telephone line. This made it possible for closed information systems to be opened and shared by outside parties for secure data transmission — and the technology became the foundation for modern ecommerce.
Best Technical innovations are the ones you experience as a consumer and can’t imagine shopping with that brand without it. However, we have develop for our Global client most innovative ecommerce brands which has built the next generation of streaming TV, i.e., less ads and more shopping, built-in.
You May Also Know How it Uses In IT Field?
There are two electronic commerce applications, namely: business-to-consumer and business-to-business commerce. Information technology has the power to develop the industry and transform how business run. Conducting business online. Selling goods, in the traditional sense, is possible to do electronically because of certain software programs that run the main functions of an e-commerce Web site, including product display, online ordering, and inventory management.
Project Result & Benefits of Project
This project has been implemented successfully for the client and delivered on time. Electronic commerce has helped countless businesses grow with the help of new technologies, improvements in internet connectivity, added security with payment gateways, and widespread consumer and business adoption. By May of 2020, ecommerce transactions reached $82.5 billion — a 77% increase from 2019. It would have taken four to six years to reach that number looking at traditional year-over-year increases.