Posted at 10.31.2018
The general belief is the fact that Internet and World Wide Web in one and the same thing and in common parlance both of these terms are being used interchangeably. However, the truth is these two are totally different matters though they are intimately and irrevocably interdependent.
In every establishment like lenders, commercial office buildings, educational and research companies and any other organisation utilizing multiple computers, they have a network among their computers so that data and information can be exchanged within the computers hooked up get back network. Such situations are reported to be a networked one and the pcs can be interchangeably used.
Internet is a network of several such networks all over the globe. They enable networks to "talk" within themselves and reap the benefits of one another. It really is one large network spread all across the earth where people can access other systems. It transmits data in packets all over to its constituent sub-networks which is offered just about everywhere now.
It is governed by the definite group of rules and lawful restrictions which is recognized as Internet Protocol (IP) which enables the internet to provide information and services by means of e-mail, file transfers, chat programs to mention a few.
Fig: Internet and WWW process.
Now internet essentially is a huge network and for that reason consists of a large collection of hardware stuff like many networking devices, copper wires, fibre optic cables and sometimes wireless connectivity. Alternatively World Wide Web is to be understood as the program part.
In a Laptop or computer there will be the hardware components like key table, RAM, ROM, Hard Disk etc and there is also an OPERATING-SYSTEM which keeps the computer operational by enforcing some particular willpower for coordinating the actions. THE INTERNET is a assortment of various web pages linked through hyperlinks and URLs. Thus World Wide Web is one of the services provided by the internet.
Another way to distinguish between Internet and World Wide Web is the use of protocol system or suite. This is a assortment of strict regulations followed by both. As mentioned earlier internet uses IP which deals with transmission in packets; the World Wide Web comes after the Hyper Word Copy Protocol (known popularly as HTTP) which manages the linking of documents, data files and a great many other resources of the internet. Thus in World Wide Web there is no hardware getting into play and it is all software, internet is a combo of hardware and software over that your INTERNET is put. Actually as the figure depicts the internet is meant to connect networks and computers but the INTERNET is meant to connect people i. e. the users.
E-business is essentially business conducted with the help of the internet. Additionally it is called ECOMMERCE because so many commercial transactions of yesteryear that have been being done by hand is now dealt with through the computer which not only makes the working better but also more effective. Ituses the use of information and communication systems for conducting the many activities ofbusiness like contacting for tenders, acquiring bids, making contacts with specific and targeted customer categories and the list is unending.
Any business involves the exchange of products and services between specific businesses or simple between customers and suppliers. Along the way considerable use of the internet is manufactured and all actions which were recently being done by humans are actually conducted electronically online.
In the traditional business the customer needed to perform most of the jobs by a number of complicated but interlinked manual activities. Take the circumstance of procurement. In order to procure almost everything the purchaser were required to first brief list the probable vendors and distribute enquiries to them asking them to bid their finest price and terms for executing the supply.
After getting the offers the purchaser would have to decide if the dealer was offering the correct material and at what price. A comparative chart of the offered prices needed to be made manually and there following the best and most suitable offer would be chosen for keeping order.
Under E-Business the entire process boiled right down to just sending out mails to intending suppliers requesting them to provide their best rates in a specified time. Following the specific time received past the bid gets closed down and the program makes out the comparative affirmation within an instant. There is no opportunity for deviation in the specification and even if owner is offering a better product at a higher price then too, that gets bypassed. The decision making is a lot faster and accurate because the computer can't be bribed into making a faulty comparative statement that was a menace in the traditional method.
On the flip area there may be another story to share with. Because the internet is thoroughly used in e-business the chance of unscrupulous people - hackers - coming in to disturb the procedure. Hence precaution needs to be studied to ensure that the offers are from genuine suppliers which too is free of all malicious intentions.
E-Business consists of much greater security risks and risks compared to traditional ways of doing business and therefore e-business users need to take adequate security against these dangers and dangers. Since, comparatively a much larger number of folks (who've internet center) have access to e-businesses the confidentiality of the transactions that was possible under the original manual system is lost in e-business. The major security concerns for e-businesses are in the regions of confidentiality and authenticity of data as well as data integrity.
E-marketplaces happened following the internet became a very efficient and well developed program for exchange of information. E-marketplace is a VIRTUAL market where, like any other market, purchasers and retailers can 'meet' and discuss, bargain and finally settle a package. The users aren't aware where the actual hub is situated but they know that this web based market is easily accessible to any serious owner or buyer.
As just stated the E-marketplace is a online information system which enables the customer to connect to multiple suppliers and at the same time a suppliers can approach multiple prospective customers for business. The E-marketplace needs the assistance of Internet technology, its protocols and expectations to disseminate data on goods and services and at exactly the same time facilitate online ventures.
No market is complete without its most obvious group of individuals called 'middlemen'. These people - usually called 'broker agents' - call themselves 'intermediaries' in the e-marketplace and match the clients with sellers to enable these to negotiate further and settle the deal. Usually they maintain a neutral position which ensures the building up of trust one of the participants. They also lend support during some difficult transfer phases which facilitates the procedures of such software industry. They are ever before trying to raise the range of users i. e. clients and retailers in the e-marketplace.
The most significant part of e-marketplace is the net benefit arriving to both potential buyers and the sellers. Seen by the business deal cost economics view, it helps to reduce exchange costs, dangers, and coordinating costs of e-marketplaces. The expense of locating a suitable and competent provider is negligible since the hunting is done on the internet. In traditional method the process isn't just lengthy but also highly complex and susceptible to errors.
E-marketplaces can be seen either as a horizontal or a vertical software industry. The horizontal software industry handles a specific function (e. g. recruitment, duty advisory, auto-spares) and provides multiple customers in various business, and a vertical market place concentrates on a spectral range of functions for just about any specific industry, e. g. chemicals, pharmaceuticals or metallic.
The proper implications of the e-marketplace is the fact such a system is capable of reducing the costs required to be incurred by the customer for obtaining information about the quality, price, conditions of payments and delivery schedules of product offers of lots of suppliers.
Similarly the costs to be incurred by the provider for communicating or transmitting information about their quality, prices and delivery schedules together with terms of payments etc. to additional prospective customers is also minimised. It really is evident that the huge benefits loved by buyer or seller within an e-marketplace increase exponentially as much larger variety of organizations come and become a member of the system. It offers significant economies of level to the participants.
With all the aforesaid benefits there are some areas of concern. It requires large capital assets, participants face substantive uncertainty and above all the exit process is often too costly.