Mt3500 -Assignment:currenttrends: Managing Information Systems

LP5 Assignment: Current TrendsBinyam WorkuMT3500 - Managing Information SystemsOctober 28, 2016Current Trends in EcommerceAlso known as e-commerce, Electronic commerce is trading using computer networks like social networks and internet. Ecommerce draws many technologies like supply chain management, mobile commerce, online transaction processing, internet marketing and electronic data interchange. Current global trends include online shopping, a trend most popular with the Chinese economy. This is mainly because Chinese retailers ensure that customers are comfortable shopping online. For example, Alibaba ranks as among the most present online retailers in the internet with an 80% market share in China, thus making china the world’s biggest online market (Gracie, 2014). Most companies have noted ecommerce as a fundamental tool to sell to customers as well as engage them. Mobile devices play a major role in the development of ecommerce such as smartphones. Today, the most successful companies use a combination of cross-border ecommerce and information technology as a perfect opportunity for growth and development. Ecommerce is important to firms as it maximizes space and time meaning there are more chances for businesses to reach worldwide customers and cut unnecessary intermediate links