Before landing your spaceship at IoT enabled e-commerce land, first, understand what is IoT. IoT or Internet of things is a technology which allows data sharing between connected devices over the internet. When this concept is used for the transaction, it is known as E-commerce.
The first thing comes to mind, Is online shopping is a type of E-commerce? Yes, it is. But how its all started. Let’s have a look….
Back in time: Invention, Innovation or mistake
We are talking about history, how the existence of IoT marked into the real life. A person named Phil Brandenberger of Philadelphia was the first human to use a credit card for shopping. It was about 25 years ago when he wants to buy Sting’s “Ten Summoners’ Tales” which cost him around $12.48.
During that time, the moment was known as “true” E-commerce.
After that time, the technology has grown rapidly and now, if we figure out the statistics of retails, it is rising around 23% per year. The lifestyle of today’s generation depends on online shopping, online friendship through social media, e-business, online games etc. It shows the buzz of online internet things, where converting these connected gadgets into a profitable business is the primary concern of an organization. So, IoT with E-commerce has provided a connected platform to the retailers.
Let’s come to the main agenda of this article, How IoT has brought evolution in the field of E-commerce marketing.
IoT helps e-commerce vendors to maintain the inventory record with the use of IoT enabled sensors. It assists in real-time data gathering and analysis while setting up the new goal to accomplish a task. It captures every critical detail of the product without any human hindrance. IoT reduced those factors which may dissatisfy the consumer such as product availability, product expiry dates, batch Id and many more related aspects by generating a prior notification related to the product. In case of product shortage, IoT informs the administration before stock becomes empty by automatically creating an order.
IoT helps to optimize the overall productivity of e-commerce business. It also reduces the probability for over-stock in the warehouses. IoT sensors monitor numerous factors which may affect the quality of product such as temperature, heat etc. It covers a number of the question as well which are arising in your mind right now such as how the order will reach into the warehouse, what are the inventory levels, pick -up timing etcetera. For instance, if we take an example of Amazon, which is the biggest giant in the e-commerce market, uses IoT installed robots which take care of picking, packing and many other jobs which ensure the effectiveness of the product. Amazon in their warehouses uses drones facility to pick up and deliver products.
The primary concern while buying a product online is its condition which means it shouldn’t be broken, delivery timing and quality. This problem is sorted by the IoT sensors which track the product from the very beginning until it is delivered. In Between the process, through GPS(global positioning system) and RFID(Radio Frequency Identification) tag, it ensures the quality of the product, the shortest route such that package arrives on time, misplacement and many more.
This term Dash button may be new for some of us. It is a device which is an IoT enabled operated on the battery and is used for a domestic purpose to acknowledge the order management. Amazon invented dash buttons, it is full of creativeness and innovation. Only by pressing the button it informs the supplier about the shortage of product and gets it delivered.
IoT helps the retailer to make a different identity in front of your consumer. Through this technology, a retailer enables the consumer to present their views regarding the product. It helps them to improve their product quality which ultimately makes them well-known among customers.
IoT targets your specific customers for personalized advertisement. It recognizes the shopping pattern through online browsing which in result help the business retailer to sell their product to the targeted customer. IoT is used by Walmart to track the popular product on social media.
More to go….
IoT has brought a revolution in the field of digital marketing. In this journey, IoT carries E-commerce to the next level as a partner. There are many success stories available which represent the bonding of IoT and e-commerce. We all have heard about Amazon, Facebook, Alibaba, eBay and many more. The next big question which arises is why they are so much successful? The answer is simple, They use IoT and other advanced technologies such as artificial intelligence, machine learning, big data etc., in such a way as no one thought before. Continuous improvement, creativeness, and customer-centric (3C’s) will be the key factors behind a huge revenue. An enormous amount of data is generated through these platforms every day. These companies leverage the use of machine learning and big data analytics to analyze the collected data for pattern recognition, decision making, prediction and many more useful operations to attract more qualified leads and maintain a prosperous relationship among customers. Hadoop is one such big data analytics framework used for analyzing this information. To become the part of this flow, you can join the Hadoop Training program available over the internet.
IoT had made a significant impact on E-commerce businesses. Its smart gadgets such as sensors, actuators etc., make the businesses to go at the peak concerning capitalization and revenues.
IoT improves the quality management, data hierarchy, tracking, planning, analysis and many other critical factors which play an essential role in organizational success. There are other countless factors as well which help the business retailers and other sectors to grow and earn. IoT will help around 70% of the retailer from all over the world to improve their customer relations which will enhance their image in the market and make them stand and spread globally. It shows that the businesses related to E-commerce will be the future of the digital market.
Now, it depends on us how we use IoT and make best possible profits from the market. Possibilities of innovation with technology is countless. So, use it precisely and efficiently. This article may have given you at least some insight about IoT and E-commerce and how they are related. If not, then read it twice.
3 Technologies Revolutionizing Online Business
Modern technology has proven itself disruptive time and again which has allowed businesses to flourish and advance in industries like education, manufacturing, logistics, and finance. Disruptive innovation is also disrupting companies from Google to Microsoft. While in the past the disruptions were unexpected, it has allowed business owners and entrepreneurs to see how the innovative ideas are lucrative opportunities that improve business models significantly. Here are three transformative technologies that are revolutionizing businesses worldwide.
1. API Integration
An application program interface (API) is a software building application tool that determines how API components interact. Partnering with a skilled API Integration company will help companies identify API sets that best connect hardware and software and allow user devices, programs, and data to function and interact with one another. Companies need API integration for many reasons, including to:
- Connect to cloud apps
- Develop new APIs
- Extract data from legacy systems
- Write new apps
- Increase productivity
- Manage APIs in-house
- New technology integration
- Develop product or service ideas
- Generate software solutions for end-users
Some of the most popular APIs utilized by companies include YouTube, Google Maps, Twitter and Amazon. As technology progresses, API integration offers limitless possibilities for companies to expand as growth and revenue do.
2. Artificial Intelligence
Thinking about artificial intelligence (AI) in the past mostly innovative thought process, but today it is a mainstream tool used in daily business operations to improve efficiency and productivity. By 2030, experts predict that AI will contribute $15.7 trillion to the global economy and 26 percent gross domestic product to local economies. As more businesses pop up online, APIs will customize customer experiences and analyze data that interprets consumer buying histories to predict future product or service trends. It will also help companies use predictive AI to target new demographics based on behaviors.
What is clear about AI is that it is set to disrupt more companies in the future because of quantum computing that will be smarter and more complex than how we are using it now. It will solve problems like global warming, poverty, space exploration, and disease all because of AI superhuman quantum computer systems that will dissect and analyze data in seconds without programmers feeding them commands. Popular AI in use today includes Siri, Alexa, Cognito, Netflix, and Amazon. The next generation of AI will include facial recognition, augmented reality, internet of things connectivity, emotional replication, drone delivery, and voice or visual search platforms.
3. Blockchain Cryptocurrencies
For the past few years, blockchain cryptocurrencies have thrown many industries into a disruptive state as it decentralized how companies buy, sell and store data. Blockchain uses transparent ledgers to connect an extensive network of users, so it has a reputation of being a tamper-proof way to make transactions, which is an indispensable tool to e-marketers. Blockchain technology like Smart Contracts will also become mainstream, which will allow businesses to use it to secure financial transactions via cryptocurrency exchanges.
Companies must prepare for the future of AI and blockchain technology by investing in the type of resources that transforms new talent and streamlines information technology departments to win in business.
The Cost Of Building a Social Media App
Stages of Social Media Development
- Product Vision
- UI/UX Design
- Architectural design
- Develop & Testing
However, when it comes to creating a social media application, there are some things that have to be considered.
First, it’s important to decide what app it will be. In general, all social media apps are divided into two groups: cross-platform and native ones. Usually, we work with native platforms, and there are a few reasons for that.
Native applications made for specific operating systems, whether its iOS or Android. Cross-platform applications work for both OS systems, making it cheaper while you won’t have to hire multiple developers to create each OS.
But, creating a native app can have some issues. For instance, it’s not as convenient as cross-platform devices and isn’t able to use every function within a mobile device such as geolocation. And in this guide, we’ll help you determine the social network development cost so that you can create the next Facebook!
There are some factors that must be considered if you want your app to be successful, increase user’s trust, and bring them pleasant impressions of your first app:
- Fast Speed
- Appealing design, engaging animation, and an intuitive UX and UI
- Easy communication access for users
- Security of financial and personal information
- Great possibilities for sharing and content creation, open social network
There are some features that are used to serve the goal of your social media application and help it stand out from the competition. For instance, if the social media app is created around events, it needs to have an event feature and a calendar. If its main idea is photos, shopping, geolocation, and camera rows are the main solutions for its success.
- Offline guides
- User activity history
- User Experience
- Offline work
There is a large number of optional features that can be added to your app, and these costs can vary based on the complexity of the project.
How Much is the Social Network Development Cost?
In general, there are two ways you can pay for developing your social network app.
- Hourly price
Fixed price scheme states that you and your development team will agree on a set price for the entire project. This is based on a detailed plan based on the development process. And the price for hourly jobs is higher than usual, based on the possible risks.
At the same time, paying your development team hourly means that you’ll have to pay for every hour of the project and on each stage of the project. In this payment plan, it’s easier to change the project based on its development stage and effectively control the process.
For simple apps, expect to pay around $10,000. But if you’re trying to implement advanced features such as a responsive website design and geolocation, it might cost around $50,000-$100,000 for it to work correctly. And if you’re going for an enterprise-level product, then expect to pay $250,000 for a dedicated IT team to complete the project.
Now that you know the social network development costs, you can now hire a team to help build your first app. Remember, your app needs to be appealing to your audience, so keep your target audience in mind throughout the duration of the project. Thus, you’ll be able to get your app developed and create a compelling social network for your users.
Network Olympus and Your Organization: A Quick Guide
Long gone are the days of direct monitoring to employees. While this system works, it’s better to have software that helps you monitor your corporate network. With Network Olympus, it gives you the ability to monitor the uptime and performance of the network appliances and computers.
We understand that performance is a key part of maintaining a long-term business. And with this system, you can get alerted if the performance indicators go below a certain level. Thus, using remote networks is a great way to ensure that your business is running properly while preventing insider threats from harming your organization.
Fortunately, we’ll show you why companies are looking at network-olympus.com. The benefits that the software gives you will help you stay ahead of your competitors.
Mobile Team Management
Being able to access your network remotely prevents the need to stay on site constantly. If you have to work from home or your local coffee shop, remote access does this for staff living in remote cities, offices, countries, or branches to assess the network’s performance – even if the software is installed on the headquarters.
This means that if your device doesn’t work in a remote expert, network specialists can help you fix the problem without too much viewing on your end. They can see the network maps and updated metric themselves.
Having access to a remote network give your team better-increased security. Some network administrators don’t like the concept of remote access is through using encrypted authentication and ensuring that the user logs in with the right method.
Another feature for security issue protection is by data encryption. By doing this, it allows you to customize the user access. Most of the Mount Olympus remote monitoring tools will give you access to the admin or user level to enable maps or dashboards. By managing this access to users, you’ll have complete control over your network and protect the connection.
Also, you should get a tool that will consistently update and create patches for any security holes that occur. While these security threats are common, good security tools help notify users once the patch is launched. This allows you to take control of the advanced security measures fully.
When using network-olympus, users have more access because of their remote capabilities. As long as you’re on a network due to VPN connectivity and or a point-to-point, you’ll be able to manage and utilize connected devices on the network. Regardless of your location or where they’re located.
By having more remote capabilities for your IT team, you’ll have the flexibility to handle the tasks that the modern world demands. And you’ll have peace of mind because you can see your network from a glance, whether that comes from a city, country, or a world.
Overall, network-olympus.com is perfect if you’re trying to manage a team of 10-50 employees. By using their software you’ll experience increased productivity, remote network management, and better employee communication. Thus, we suggest you try out Network Olympus and see how it improves the functionality of your team.