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Models for doing business on the internet essay

Explore the latest strategic trends, research and analysis How many of us can say, with certainty, what jobs we would choose if we were kids today? This next wave of change will fundamentally reshape all of our careers, my own included.

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We expect the pace of change in the job market to start to accelerate by 2020. Office and administrative functions, along with manufacturing and production roles, will see dramatic declines accounting for over six million roles over the next four years. Conversely, business and financial operations along with computer and mathematical functions will see steep rises. There is a central driver for many of these transformations, and it is technology.

Importance of Internet in Business

Artificial intelligence, 3D printing, resource-efficient sustainable production and robotics will factor into the ways we currently make, manage and mend products and deliver services. The latter two have the potential to create jobs in the architectural and engineering sectors, following high demand for advanced automated production systems.

Concurrently, advances in mobile and cloud technology allowing remote and instant access were singled out as the most important technological driver of change, enabling the rapid spread of internet-based service models. Our future place of work might not be an open plan office, but interconnected workspaces not tied to one place, but many.

Introduction to E-Commerce Technology in Business

They will be underpinned by virtual conferencing, complete and constant connection and portability. Our working day will be fundamentally different. Leveraging big data, like real-time traffic information, could cut journey times, making the school run easier, and the morning commute more manageable. That is, if you have to commute: Personally owned assets, from cars to spare bedrooms, will expand entrepreneurship, diversifying revenue streams.

These disruptive business models will fundamentally reshape how we do business, both individually and as companies. For example, digitally enabling smallholder farmers can allow them to operate as a collective, transferring knowledge and sharing vital learnings with each other from proper crop irrigation technology to water efficiency.

Critically, these very technologies might help us unlock the solutions to some of the biggest societal challenges we currently grapple with.

  1. Major delivery services such as UPS and FedEx have already applied these technologies to their business operations worldwide with great success.
  2. It is not surprising that some maintain that the E-Commerce revolution is just 'as pro- found as the change that came with the industrial revolution.
  3. M-Commerce could and will change this.
  4. There are a number of mobile subscriber firms that have developed the app that allows the mobile users to have an account that they can gain access to through their mobile phone number. Continued brand exposure then attracts more clients and raises their interest in the product, and the overall effect is increased sales as everyone wishes to have a taste of what is trending online.
  5. There is an increased emphasis on customer empowerment. These benefits are just starting to materialize, but they will increase significantly as E-Commerce expands.

The ICT underpinning these technologies, in consort with the transformational power of big data, could support smart systems that will help tackle climate challenges. Connected homes, factories and farms leveraging smart energy management systems could mean dramatically lower energy use, which would contribute to the decarbonisation of our economies.

And yet we must be vigilant. Not of technological change; we have the power and innovation to harness and use its power as we see fit.

  1. The web business structure will have to undergo a drastic change and be reengineered. The World wide web gives you access to data and information with high speed and accuracy.
  2. No Encouragement from Business Community. It means it is the business community that sustains e-commerce and greatly influences the thinking and adoption process of various segments of the society to move forward in the field of information technology.
  3. For e-Commerce major concerns are 1.
  4. By having one, it means that you definitely do not need to visit your bank physically in order to access your account. By posting relevant and compelling content, one can grab the attention of potential customers hence increasing brand visibility.

But of access to the connectivity and opportunity it brings. What will be absolutely decisive is how we equip our children, our students and our colleagues to harness the power of this technology to transform our world for the better.

Advantages and Disadvantages of Using Social Networks in Business

That means ensuring the ICT skills of current school leavers are fit for the future. It means providing incentives for lifelong learning as the pace of technological advancement quickens.

How technology will change the future of work

And it means reinventing the HR function, equipping it to continually assess and provide for the training needs of employees.

If we get this right the prize is clear. We have the potential to revolutionise the way we live and work and do it in a way that avoids the vicissitudes of previous industrial revolutions, creating new economic opportunities that, even as children, we would not have before imagined.

Lastly, we must use every tool within our armoury to ensure the current and future generations are not left behind in the global digital skills race.

The Future of Jobs report is available here.

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