Information Systems-e-commerce and the Internet Essay

Information Systems-e-commerce and the Internet - Essay Example barely it is only after the inevitable dotcom bust in the early years of the millennia that e-commerce established itself as a viable and dependable method of conducting business. Technological innovation in terms of developing gage software product aided this process and so did the process of globalization. As a culmination of these parallel but antonymous processes, e-commerce in general and electronic financial transactions in particular has firmly taken tooth root in mainstream global economy. Since the beginning of the 1990s, and with the advancement in global telecommunications technology, e-commerce has really taken off. And online retailing comprises an constituent(a) part of this broader phenomenon. In advanced countries, traditional brick and mortar retail stores have extended their services through and through the Internet, adding new dimensions to the experience of shopping for consumers. New and exclusiv e online retailers have also sprung up to cater to the pertly created demand by consumers online. While there are complaints and concerns about this new mode of business (especially security issues), there are also numerous redeeming features of e-shopping, without which the market share for this fledgling industry would non have risen to 10 percent approximately.