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E commerce and BI
E commerce also known as e-comm. or electronic commerce is the process of buying and selling products or services over the electronic medium such as Internet. The E-commerce system is combination of Online Transaction Process, SCM system, inventory management system, EDI system, Online Banking system, and data collection systems. The basic medium of E-commerce is World Wide Web.
The concept of E-commerce was introduced in 1979 with the launch of online shopping site by Michael Aldrich. This site was capable of online traction between the customer and organization. And now almost 12 percent of share market profit is due to E-commerce.
The Business Intelligence implemented in E commerce websites to increase the sales. Like all the information related to product available at the single spot, easy to use interface, the flexible payment procedure, the attractive schemes of vendor etc.
