Applications of electronic commerce have the potential to have a significant impact on future human society.
The following is an in-depth discussion of some of the spheres in which e-business exerts an influence on human society:
One of the advantageous effects that conducting business online would have on human society would be a boost to educational opportunities. Education can now be obtained by anyone, anywhere in the world via the internet. Taking into consideration the information presented here, it is possible to state that schools and universities will no longer offer any classes that involve physical activity in the near future. Everyone would receive their education online while lounging around in their pyjamas at home. In a same vein, all individuals would have access to internet resources for conducting study on any subject they want.
There are currently a lot of jobs available online. A person based in London may get employment with a business based in Kathmandu. Taking into account the facts shown here, it is possible to assert that in the not too distant future, the majority of people will be working from the comfort of their own homes.
In terms of unfavourable effects, there is a possibility that more local unemployment will result from increased foreign rivalry.
Through the use of social networking sites, individuals are able to communicate with their friends and family members. Facebook had recently implemented a function that allows its users to broadcast themselves live. These kinds of strategies, when applied to social networking platforms, have the potential to bring people together in the future.
The following is a list of economic impacts that e-business has had on human society:
In the realm of economics, the effects of e-business can be categorised as either positive or bad. Utilizing the appropriate automation can, over the course of time, help bring down the enormous costs incurred by businesses. At this time, automation is utilised by the majority of corporate organisations. In the not too distant future, it will be extremely difficult for any commercial organisation to function effectively without utilising automation.
In this increasingly digital environment, practically all commercial enterprises are now reliant on marketing conducted via the internet. The success of online marketing continues to explode. In the most election, which took place in the United States in 2016, approximately one billion dollars was spent on online marketing to promote the presidential candidates. (President, 2016) Taking all of this information into consideration, it is safe to say that in the not too distant future, corporations will devote a significant portion of their marketing budgets to online advertising.
E-commerce would lead to an increase in the amount of company activity. Because individuals can use the internet to sell their wares, there is no possibility of a restriction based on location. At the moment, a customer in Beijing can purchase an item from an internet retailer in London, even though they are located in Beijing. Taking into mind the information presented here, it is possible to assert that in the not too distant future, international commerce will experience a dramatic expansion.
There are also some of the adverse effects that e-business has had on the economy. YouTube is quickly becoming a viable alternative to record companies. Online filming might take the role of going to the theatre in the not too distant future.E-business has the potential to have an effect not only on the social and economic sectors but also on other sectors such as the government, administration, and so on.