March 30, 2011

History of E-Commerce Systems

Technology is like the nervous system of communication in contemporary society. Communication technologies have a significant role in world trade, an essential role in the world of entertainment and even a relevant role to the development of our interpersonal relationships. Due to the presence of a vital communications technology, the slightest change in technology will have a significant impact on various aspects of social life (Grant, August E & Meadows, Jennifer H. (eds.), 2010). World of communication technology is a dynamic world and is constantly changing. In fact there is a general axiom which states that communications technology now growing much faster acceleration than before (Krug, 2005) The revolution in communications technology also has a significant impact on the development of the world economy. With its ability to provide a lot of convenience for business transactions, communications technology development was in the end have a vital impact on the movement of the world economy by the day.
One impact of communication technology developments are encouraging for the world economy is the birth of E-Commerce system that has given a lot of convenience to conduct business transactions and meeting a variety of needs for people around the world. E-Commerce System technology itself refers to the ability of various business enterprises to create a dynamic presence on the internet that allows the company to do business with an electronic basis. Today, almost all companies have involved himself in the world of E-Business E-Commerce in particular, using the internet to facilitate various aspects of the business conducted (Williams & Sawyer, 1995).
History of E-Commerce systems have actually begun since the invention of the old idea of ​​the concept of "buying and selling", electricity, cables, computers, modems, and of course the Internet. E-Commerce systems began to be applied to people around the world in 1991, when the Internet was able to be used for commercial purposes. Since 1991, many companies have started making web sites to be transformed into a means to conduct a variety of business transactions. (Vaughan, 2011)
At first, the term e-commerce is closely related to the execution of commercial transactions with an electronic base that uses the help of various advanced technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT), which provides an opportunity for users or consumers to exchange business information and conduct electronic transactions (Tassabehji, 2003). The ability to use a variety of technologies is emerging in the late era of the '70s and allow companies and business organizations to send commercial documentation with electronic base. And until now, the modern system of E-Commerce majority use the World Wide Web to facilitate transactions. Types of Web 2.0 as a new kind of website also has a lot to facilitate a variety of companies to innovate, build relationships, and even compete in the markets of E-Commerce (Tapscott & Williams, 2006).
Some of the benefits found in the system of E-Commerce is the ability to perform transactions 24 hours a day, the availability of the facility to compare prices online, delivery of goods and services that are fast, the availability of the facility to interact with other consumers in the virtual community and the availability of facilities to engage the virtual auction (Turban & Lee, 2000). Virtual Communities in E-Commerce site is ultimately able to establish communication networks that customers will continue to be nurtured companies to develop consumer confidence in the site (Safko, 2010)