WEEK 1 BLOG
RAIHAN CHOWDHURY
ID: 30097405
Q1. Internet risks – give examples of four things that can go wrong with a transactional site?
A transactional website is a website where people are able to buy/sell or order goods and services. Basically, any website with a cart and checkout button is considered transactional. Some examples of transactional websites are eBay and amazon. A lot of things can go wrong with transactional website. Some of the most common problems are:
a) Privacy Issues:
Some websites might ask for personal information such as our full name, home address, telephone numbers and email address. Most transactional websites actually require that type of information. Some transactional websites do not have a privacy policy and might use our personal information and give it to third parties for marketing purposes etc. Spam mail is also a common problem, I've personally received thousands of spam emails from transactional websites in the past.
b) Security Issues:
Transactional websites require some form of payment when buying a product, and some transactional websites only accept credit cards as opposed to safer payment gateways such as Paypal. Some of those transactional websites don't have security certificates and this places our computers and information at risk. We could have our credit card details stolen, resulting in identity theft.
c) Connectivity Issues:
Sometimes Internet connectivity issues can arise while placing a transaction ( I'm sure you've all seen the error 404 page once in your lifetime). This can result in a double transaction especially when refreshing the page. Some websites have an inactivity timeout, which is actually a good security measure. Transactional websites that are too slow or overloaded can cause transactions to be placed more than once due to connectivity problems.
d) Internet Fraud:
Internet fraud is one of the most common problems with internet transactions. Transactional websites could sell products that they don't actually have, and there are many fake business websites out there that are constantly deceiving people into thinking that they are selling products when in fact they lead people into paying with their credit cards and then they disappear once they are caught, to end up with another domain name and continue their fraud.
Q2 : DEFINE : E-COMMERCE AND E-BUSINESS
Answer:
E-Commerce: Trading of any product or service in-exchange of rewards, considering the electronic platform can be defined as e-commerce.
E-Business: E-Business is more generalized form of e-commerce as specific process of trading is e-business such as eBay and other online trading web sites are good examples of it.
Q3 : WHAT IS THE DIFFERENCE BETWEEN BUY SIDE AND SELL SIDE E-COMMERCE?
Answer:
Buy side e-commerce is when a business organisation buys product of such from another business organisation such as a manufacturer.
Sell side e-commerce is when a business sells a product or service over the internet through a website of such.
Q4 : DESCRIBE THE DIFFERENT TYPES OF E-BUSINESS ?
Answer: 1.B2B commerce - it is that business activity in which 2 firm or business units make electronic transaction in which 1 can be a producer firm and other are raw material supplier firm.
2.B2C commerce - in B2C commerce, 1 party is the firm and other party is a customer. on the one hand, customer can seek info. , can place an order, get some items on the Internet and can also make the payment. on the other hand, a firm can make a survey to know, who buying what and can also know satisfaction level of customer. a firm can also make delivery of goods like air and train tickets etc.
3.intra B commerce - under this, the parties involved are 2 persons or departments of some business unit. Use of computer network makes it possible for the marketing department to interact constantly with the production. Firms’ transactions or interactions with its employees are some time refers to as B to E commerce. Employees can use electronic catalogue and ordering forms.
4.C to C commerce- under C to C commerce, both the parties involved are customers. It is required for buying and selling of those goods for which there is no established markets are available.
Q5 : WHICH DIGITAL TECHNOLOGY HAS THE HIGHEST PENETRATION RATE? EXPLAIN AND SOURCE YOUR ANSWER.
Answer:
Mobiles phones have the highest penetration rate of all technology, as it is the most used product in the world. This is largely due to the introduction of smart phones, as well as the universal accessibility of mobile phones. Mobile phone use has increased dramatically from 10% in January 1997 to 85% in December 2005.
Q6: LIST FOUR DRIVERS TO ADOPTION OF SELL-SIDE E-COMMERCE BY BUSINESSES?
Answer:
• Increasing speed with which supplies can be obtained
• Increasing speed with which goods can be dispatched
• Reduced sales and purchasing costs
• Reduced operating costs
Q7 : LIST FOUR BARRIERS TO ADOPTION OF SELL-SIDE E-COMMERCE BY BUSINESS?
Answer:
• High set up cost.
• Running costs.
• Lack of time/resources.
• Difficulty integrating IT systems.
QUESTION 8: HOW MIGHT A RESTAURANT IN STURT STREET BALLARAT BENEFIT FROM AN ONLINE PRESENCE?
Answer:
A restaurant would benefit from an on line presence in a variety of ways. They could display their menu, advertise, advertise weekly specials and up coming events or entertainment, take bookings and even take pre ordered meals online.
Q9: WHAT ARE SOME EXAMPLES OF DIGITAL INFORMATION?
Answer:
· Television,
· Photography
· Stock market reports
· Weather reports
· Phone numbers and addresses of businesses
· Product information and advertisements
Q10: WHAT IS THE SEMANTIC WEB? ARE WE THERE YET?
Answer:
The Semantic Web is a vision: the idea of having data on the Web defined and linked in a way that it can be used by machines not just for display purposes, but for automation, integration and reuse of data across various applications. (www.genomicglossaries.com/content/ontologies.asp)
I believe we are well on the way to a semantic web but I don’t think we are there yet.
