Applications in retail and other industries
E-commerce has affected businesses and changed their operating model. Industries across the segment have been altered by e-commerce and retail, in particular has seen the most profound change.
Retailing has changed with the rapid development of online sales and distribution channels that literally can be used from anywhere, anytime-from work, school, a hotel, car, or airplane. The retailer goes to the customer instead of the reverse. These developments have impacted retailing as much as the advent of catalog retailing or TV-based home shopping. Suppliers are also assessing technology-based solutions to drive down costs and become more efficient producers of goods.
Other areas where e-commerce has affected are manufacturing (just-in-time manufacturing) and Banking and Finance (online banking and advisory).