Role Of Entrepreneurs In Development Of Apparel And Fashion Industry E-Commerce: The Big Picture

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E-Commerce: The Big Picture

Our lives and business have already been changed by E-commerce. However, that is just the tip of the iceberg, and innovation will create a host of opportunities for entrepreneurs. As with all trends, the best way to take advantage of them is to be there early, know their growth and what they have to offer, and use them as you need to in order to take advantage of them. bring This article presents 10 revolutionary products that are approaching global markets and making a huge impact.

1. Smart cards

Smart cards are small computers built into a pocket-sized piece of plastic. They are similar to the credit cards and magnetic stripe cards we are familiar with, but they are in a different area of ​​strength. It’s like comparing a modern desktop PC to a 20-year-old calculator. The importance of smart cards – and the impending smart card revolution – is their latent potential to become the medium through which a large number of financial transactions, especially at the consumer level, will be conducted. In many areas, they will replace cash. As the chips embedded in the card become smarter, they store more information and perform more tasks. Card security becomes almost perfect (see Biometrics below). Smart cards are useful for more complex operations. The card will have a worldwide identity; this card has the ability to control your cash, credit cards, bank cards, bank accounts, debit cards, club memberships, personal financial data and access to a variety of your personal financial assets. These small pieces of plastic are sure to become personal building blocks of global e-commerce.

2. Biometrics

Smart cards are a great idea, but unless they’re completely secure, the potential for financial tragedy is shocking. Current security methods such as PIN numbers are not sufficient. Biometrics is a technology that determines a person’s identity using six unique physical characteristics: fingerprints, palm prints, iris patterns, retina patterns, facial details and voice. Although, fingerprint scanning is widely used, iris scans are more accurate – and they are miraculously quick, clean and easy to use. To verify your identity, you look at a scanner, which takes an instant reading, performs a quick check against your stored ID and gives an instant result. This technology is not widely used: at the international airports of Amsterdam and Paris, airline staff and preferred passengers have biometric cards that allow quick passage through security counters. Biometrics is the magic bullet guaranteed to make all e-commerce secure, and some think biometrics will eventually make it easier for us to issue cards, keys, and personal ID. For example, in a supermarket, all you need to do is look at the scanner, and the cash register will connect you to your personal bank accounts.

3. Organic chips

If microchips become faster, smarter and cheaper, many developments in e-commerce can be realized. It’s not easy to come up with just one of those improvements, let alone all three in one chip, but it seems possible in the near future. The breakthrough that will make this possible is the development of “organic” chips, which are made of semi-conducting polymers instead of silicon. The potential capacity of these devices is extraordinary. Some polymer materials already allow device features to be less than 20 nanometers (a nanometer is one billionth of a meter, and “nano-sized” objects are about 1,000th the thickness of a human hair). 1000th the thickness of a human hair.) While silicon chips require a complex, expensive and time-consuming manufacturing process, organic chips can be made quickly and easily, making them affordable. An additional advantage: they are flexible, and this offers a good opportunity for some interesting developments. Organic chips are already used in cell phones and car audio devices, but they have potential for unique uses such as wearable computers and even flexible display units that can be rolled up and carried like newspapers or magazines.

4. WiMAX

Anyone who has used a wireless laptop understands that it is necessary to get acquainted with a Wi-Fi hotspot for the system to work. Like cell phones, they cannot be used everywhere. That will change when a new system called WiMAX becomes available. It is a powerful transmission system that will strengthen wireless broadband access even in remote areas. As stated by the developers, Wimax is much more powerful than 3G, which will undoubtedly have further implications for the development of mobile phones.

To put it in perspective, WiMAX is 30 times faster than 3G, and a single WiMAX radio mast has 10 times the area of ​​3G. The main goal of WiMAX is to achieve broadband access across the boundaries of fixed lines and Wi-Fi, and to set global standards that enable seamless wireless compatibility for business PC-related products and technologies.

5. Internet phone

It’s an idea that was already everywhere and was supposed to prove a success, but it didn’t live up to expectations. Now he’s back, but it looks like he can really deliver. We are talking about Voice-over-IP or the simple term is Internet telephony. The initial potential was a phone that could be connected to your computer, and its software would run over Internet channels, facilitating cheap voice communication anywhere in the world. The problem was the encoding, transmission and processing of audio signals, a process so slow that it created a time gap between the speaker and the responder. In a commercial context, it didn’t work, but now the scenario has changed, and the combination of broadband, increased communication speed and new software not only allows you to make cheap international phone calls over the Internet, but you can also use webcams. enjoy video-conferencing at no additional cost

6. Softphones

With the increasing use of Internet phones, software-based phones, often referred to simply as “soft phones,” have taken the lead in digital phone communications. Called “SIP-phones”, they are next to the Internet phone, the union of the wireless laptop and the mobile phone. They boost any broadband connection computer to function as an Internet phone connection (although you need high-speed data packet switching for good voice quality). Using a soft phone, as long as you are online, you can make an Internet-connected call directly from your computer, no matter where you are. You don’t even need the analog phone connection you normally use to connect to the network; and you have all the features and functions of a sophisticated desktop phone at your fingertips. Basic Internet phones do not have these capabilities.

7. Multifunctional mobile phones

Cell phones are already the heart of the mobile device space, and may soon become the top leaders. The mobile phone is evolving into a powerful, multifunctional platform, which implements different tools for different activities. The feature will free mobile users from the need to carry different devices. Even now, your phone has features like a PDA, a digital camera, a video camera, an MP3 Walkman, a handheld game console, and a portable movie theater. However, most of these innovations aim to provide entertainment. Big discoveries have yet to play a role in the business world. Secure biometric identification techniques with fingerprint scanning and iris scanning open new avenues for smartphones to function as smart cards for financial transactions. But to maximize its capacity as a business device, the cell phone needs to have an advanced hard drive that can be manufactured at an affordable price, something that is still in development. The hard disk will strengthen the business information storage, fix the software and provide the processing power so that it can be used in any context. Super-fast 3G networks are already driving the need for more storage capacity on mobile devices, so the mobile PC phone will soon be within spitting distance.

Radio Frequency Identification (RFID) is a type of automatic identification system that uses a miniature transmission device – a tag – to transmit information to a specific receiver. The system is mainly used by product manufacturers, freight forwarders, wholesalers and retailers who want to keep records of orders, shipment movements and warehouse. The data communicated by the signs usually provide identification or location information, details about the marked product, its price, color, and date of purchase and other necessary details.

The information allows the user to see anything from a bunch of bananas to an entire container loaded with fruit, and provides real-time information about those activities as well as additional relevant information. Hitachi has developed an RFID chip small enough to be implanted (almost imperceptibly) in food packages or inedible pieces of fresh fruit and vegetables. Measuring just 0.4 square millimeters, the chip has an antenna that allows an external device to read the encoded information, allowing the product to be discovered. Retailers use this technology to efficiently track inventory records.

8. Electronics and attached PAN

Although still in its infancy, wearable electronics are catching the eye of wearable electronics manufacturers. What began many years ago with a pocket-sized transistor radio—perhaps the first popular portable electronic device—evolved into fabrics that conduct electricity and can connect audio-video devices and pocket computers. Embedded electronics are not limited to books and fantasy: they are serious business. But Nike’s integration of digital gadgets like MP3 players into sportswear, and wristwatch phones made by Motorola and Swatch, are just toys compared to what’s to come.

Wearable electronics combine woven textiles, fabric modifiers, fabric wires, fabric stretch sensors, high-sensitivity fabric antennas and flexible electro-luminescent displays to create a “personal area network,” or PAN: an electronic network embedded in a jacket. drag binds several people. connect devices like local area networks (LANs) to computers. Hardware devices are attached or embedded where appropriate, and the PAN enables the transmission of data, power and control signals within the garment. A variety of devices can be connected to the PAN, and a main controller with a small screen notifies incoming calls, emails – or just the title of the next song on the MP3 player. Obviously, the clothes – in addition to the hardware – need to withstand the washing machine and dryer.

9. Click on the payment options

The Internet has always had the potential for wealth for anyone smart enough to find a way to turn their power into hard cash. This potential fueled the famous dotcom boom, and when making money on the Internet turned out to be more complicated than expected, the lack of practical business ideas created an equally rapid dotcom explosion. These days, cyberspace entrepreneurs have squinted their eyes and are looking for small, but attainable profits. One concept that benefits is paid for moving visitors from one site to another, a process called “click earnings.” Various technologies in this section provide a way for a website owner to earn advertising fees for what they add, and include clickable hotlinks, sponsored links and banner ads. Whichever is enabled, the click-through displays a “request” on the host’s web server and the client is charged. It’s a small but important step to making that important web investment for sites that are popular because of the information they provide rather than the products they sell.

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