Emerging Technologies that address interoperability issues in an Essay

Emerging Technologies that address interoperability issues in an e- avocation environment - Essay ExampleNew technologies have been introduced through e-commerce to give a wider exposure and preface new ways of conducting businesses, which has introduced a new dimension in technology known as E-business. E-businesss presence is important for expansion in business, distri entirelyion of information and access to physically inaccessible markets. In todays dynamic world, companies spent heavily on their IT departments for the technical support to smoothly slip away their e-commerce activities. Companies even develop strategies through e-business to reduce cost of the business, expand sales and increase customer services and satisfaction in the long run. E-business is widely utilize for many business purposes standardized product research, exhibition entry customers related matters like support, services, communication, inquiry, invoicing etc., outbound and inbound logistics. E-com merce has revolutionized not only businesses but every aspect of life the world is now a click away. (Ray, 3) Challenge from the Competitor in E-Business Environment including Supply Chain Due to change magnitude e-business services and advancement in IT related matters, competition has geared up in every sector tremendously. Nowadays, competition has intensified due to e-business activity like business to business (B2B) or business to consumer (B2C) transactions or transactions that incur after sale. These facilities and easiness to conduct business has caused cost efficiency which has attracted to a greater extent competition in every sector. Increased Competition Due to Low Entry Barriers Due to tremendous benefits offered by the e-business, the competition has increased, which has affected business in many ways. The e-business has lowered market entry barriers and it is now comparatively very easy to enter business than it was previously. Initially, large investments and establ ished contacts were needed to start up a business which is now replaced by easy entry in to the markets which is now a click away. This has made competition severe and is a little terror to many established business. The internet as a medium to exchange information has made customers close to the businesses which has brought great challenges to the existing businesses. Now there is a continuous threat to every business that another business established in no time can take away its customers. Thirdly, globalization has added to the increase competition. Internet allows the customers to exchange information anywhere in the world, which has made the businesses of the world compete with each other. (United Nations, 142) Continuous Cost Reduction Due to e-business, the markets now take care to be more of a perfect market where there are many competitors striving to gain their positions. In such a market, cost leadership prevail. Due to closed links of customers and suppliers in the su pply chain, cost reduction is an achievable task in todays business and many business strategies are based on this. In this cost reduction race, every business has to continuously work on its cost reduction strategies in order to compete effectively. Secondly, the transaction costs are reduced for the customers due to extensive information available over the internet. This also puts up a pressure on the businesses to increase their presence over the internet. (United Nations,