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An Analysis of the Effects of eCommerce | @CloudExpo #Cloud #Analytics
Understanding how eCommerce has affected the marketplace
By: Eric Horowitz
Jul. 14, 2017 11:39 AM
Today's world is a completely different place than it was in the past. Even compared to just 20 years ago, everything about the way the world runs has been totally altered. This is in large part thanks to the widespread usage of the Internet as well as other advancements in technology. The Internet has given birth to eCommerce, a term that describes something that all people are familiar with: purchasing and selling goods online. While the advent of eCommerce has undoubtedly transformed the marketplace, it has come with numerous positive and negative effects on the way in which people buy and sell merchandise.
Altered Landscape of Commerce
While all of the above listed items have obvious benefits, there are many negatives that come with eCommerce as well. Firstly, since everyone can now become a vendor, there is less regulation on what is being sold. The quality of items may be less than what is promised and oftentimes it is very difficult to deal with sellers, especially those who are unscrupulous. While websites like eBay and Amazon do have teams designated to making sure there is as little fraud as possible, websites like Craigslist do not have such safety nets, leading to the possibility for scammers to swindle customers. There are many reasons not to purchase items on Craigslist and other similar websites, and buyers need to be careful of this, unlike they did in the era before eCommerce. As well as possibly falling victim to a scam, consumers no longer going to stores can be construed as a negative as well. It is possible to save time and money by only shopping online, but it also makes for a less personal experience where customers may not be getting exactly what they think they are purchasing.
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