Compose a 1500 words essay on E-commerce & it // maritime industry. Needs to be plagiarism free!EDI is one of the latest technologies being used in the maritime industry.E-commerce growth is significa
Compose a 1500 words essay on E-commerce & it // maritime industry. Needs to be plagiarism free!
EDI is one of the latest technologies being used in the maritime industry.
E-commerce growth is significant in most countries, and in particular, the U.S. Interconnected with IT, it has affected the way and the speed of business transactions. Although the process is beneficial to the business,
there are many changes that have to be made in the adoption of this technology. The paper will explore the growth and impact of e-commerce and IT on the maritime industry.
E-commerce (electronic commerce) is defined as the continuous application of communication and information technology from its point of beginning to its endpoint along the whole value chain of business practices performed electronically and intended to enable the achievement of a particular business goal. These practices may be complete or partial and may entail business to business, business to consumer or consumer to business transactions (Basu 2007, p15).
National Oceanic and Atmospheric Administration (n.d., par. 7) defines information technology as any interconnected system or equipment or a subsystem of equipment that is utilized in the automatic procurement, storage, management, control, switching, transmission, manipulation, movement, display, interchange, or the reception of information or data. Information technology also entails ancillary equipment, firmware, software, computers and similar services (supporting services included), procedures, and other related resources.
A network contains two or more computers that are connected in order to distribute or share information (such as CDs and printers), permit electronic communication or exchange files. The computers on the network can be linked by telephone lines, satellites, cables, radio waves, or infrared light beams. There are two types of networks and they include local area network (LAN) and wide area network (WAN) (Florida Center for Instructional