The e-commerce landscape is ever-changing! The digital age of Industry 4.0 has provided a stepping stone for this industry to experience tremendous growth. Disruptive technologies have brought a revolution, enhancing the innovative, creative, and analytical level of this industry. With super-fast and smooth connectivity all around, the majority of consumers prefer to shop online instead of following the traditional ways of shopping. From online platforms that provide the most relevant product at the best price, to unhindered shipments and live tracking, e-commerce has reached a new milestone.
Global E-commerce Industry
Today, e-commerce is not just limited to rigid commercial transactions online; it is much more than that. Today e-commerce has incorporated many emerging technologies to provide predictive analysis, relevant recommendation, monitored inventory, cost-reduction with dynamic pricing strategies. It also provides a one-stop solution to all purchase needs with personalized user experience, faster delivery, real-time shipment tracking, flexible purchase timings, etc. Technologies have enhanced the e-commerce experience for both businesses and consumers. Even before purchasing a product from a store, people prefer to compare prices, reviews, and options online. From smartphones that lets you order anything at any time from anywhere to devices and sensors that provide the same on voice command, technologies like IoT, AI, Machine Learning, Cloud, DevOps, Automation, etc. has transformed e-commerce industry.