Review question # 1, # 4
Exercise # 1
Review question # 1 briefly describes the technologies that are leading businesses into the third wave of electronic commerce.
The technologies that are leading the business in the third wave of e-commerce are smart phone (mobile commerce), tablet computers, radio frequency identification (RFI) devices and smart card and the social commerce.
Today’s mobile phones are not limited to sending and receiving e-mails. Smart phone has software (apps) that can do many activities and transactions over the internet. Smart phones includes a keyboard, operating system and a web browser, it’s basically a mini computer. Most internet provider or carrier offers different plans for data usage for a monthly fee.
Tablet computers are smaller than a laptop, but larger than the smart phone. Tablet computers have the capability of a laptop except smaller and more convenient for travelling. Tablet computers are basically the same as smart phone except it does not have a phone and has a bigger screen.
RFI, radio frequency identification and smart card device are tracking device combined with biometric technologies, such as retina scanners, finger print readers, to track more items and people in many different situation. These technologies are combined with each other and with communication systems that enable companies to communicate and share information with other such as customer demands, consumer behavior, inventory level and etc.
The social commerce, thanks to the Web 2.0 from the second wave plays an important role in the third wave of e-commerce. Websites such as Facebook and twitter engaged people in social commerce.
These technologies are leading the businesses in the third wave of e-commerce
Review question # 4 what are the main functions of value added network?
VAN, value added network is an independent company that provides connection and EDI transaction forwarding services to business