E-Commerce Evaluation and E Business Trends

E-Commerce in recent times has exploded many folds due to the invention of new Information and Communication (ICT) technologies and applications. Business models of today are highly depending upon internet based transaction and trading platforms, use of Web portals and mobile applications. Proposition of new business models sans the inclusion of internet and their application has become almost impossible for business. Business data pertaining to E Commerce has become highly valuable in recent times. Social networking websites, sharing of product data and its reviews in blogs paves ways for promoting business in new methods. There is need to develop metrics to assess the strength of E Commerce penetration in Business and also evaluate the various E Commerce platforms. Use of E business tools for data analysis, prediction and decision making has become the latest order of the day. Changing trends in E business has a drastic impact on the organizations depending upon internet based applications for handling its business processes and day to day transactions. The impact of information and communication technology on varied areas of the Global economy and current trends in e business is an area of research that could lead to valuable business insights. The adaptation of business models to accommodate the customer's needs for providing an internet based business transaction platform is a reality and a compulsion for business as an order of the day. With so much necessity for business houses to include internet based marketing and applications to support one's business process and customer expectations, the area of E commerce and it's evaluation from a commercial perspective is still under researched.