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E-Commerce:Digital

Markets,Digital GoodsofBusiness Information System

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Major Features of E-Commerce

E-Commerce includes commercial

transaction between and organization and

individuals. E-Commerce technology is available every

where,it has global reach any one can

connect to internet to access e-commerce.

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It operates with respect to universal

standards every where,it is cost effectivethen traditional commerce.

It allows two way communication betweentwo different parties.It facilitate exchange of

online Information,audio,visual and Text

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It permits customization and personalization of

Information.It facilitate merchants and vendor totarget market segments.

It has created digital market place which is more

transparent than traditional market place.


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Digital Markets are more flexible and efficient

with reduced transaction cost and ability to

change prices dynamically

New Business models of E-Commerce have

come up such as B2B,B2C,C2C,C2B,G2C,M2C

It allows SMES to capture important

information,Data and Global branding.

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Describe the Role of Emerging Digital Firm & E-Business

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What are the categories of electroniccommerce and associated business models?

The three Major categories of electronic

commerce and associated Businessmodels are,B2B,B2C,C2C,G2C,M2C.

B2C:- Involves retailing product and

services to individual shoppers egamazon.com

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B2B:- involves sales of goods and services

among businesses eg:-

www.sailindia.com,where manufacturingunits buys and sale core iron.

C2C:- Involves consumer selling directly

from consumer. Eg ebay.com,auction site

such as makemybit.com

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G2C:-It involves exchange of information

between govt web based portals and its

citizen for example incomtax.com where a

citizen can fill in their returns,RTI.com right

to information ,which contains detail

description about govt policies that hasbeen framed with constitutional bills and

amendments.

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M2C MOBILE COMMERCE Now mobile phones and other hand held

appliances are Internet enabled to sendtext messages and email access websiteand make purchase.

The use of hand held wireless device for

purchasing goods and services from anylocation has been termed as mobilecommerce

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Collaborative Commerce

Intranets provide a rich set of tools for

creating collaborative environment in whichmembers of an organization can share

information and exchange ideas on

common or related assignments.

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What are the types of PaymentSystem

Digital credit cards payment system

extends the functionality of existing credit

card payment system.so that they can beused for online shopping payments.

A digital wallet that securely stores credit

card and owner identification information

and provides that information at an

electronic commerce site.

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Micro payment system have been

developed for purchase of less than 1000

Rs.Accumulated balance digital paymentsystem are useful for such purpose.

Accumulated Balance digital payment

system enables the user to make micro

payments and purchase on the web.

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Stored Value Payments System.

Smart cards are another type of stored

value system for micro payments.It is aplastic cards the size of credit cards that

stores digital information.It can store health

record,identification data,or telephone

number as an electronic purse.it is used to

make Instant online Payment.

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What are the types of Payment

System Digital Cash or electronic cash is a currency

represented in electronic form that works

outside the normal network of moneytransfer. User are supplied with client

software and can exchange money with one

another.

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Peer-to-Peer Payment System

Such as Pay pal serve people who want to

send money to vendor or individuals whoare not set up to accept credit cards .

The party sending money uses his or her

credit card to create an account with thedesignated payment at a website dedicated

to peer-to peer Payments.

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Virtual store Fronts Sell physical product directly to consumer or to

individual business.eg amazon.com,redenvelope.com.

Information broker :- Provides product,pricing and availability

information to individuals andbusinesses.Generates revenue from advertisingor from direct buyer or seller. Egmagicbricks.com

What are Internet Business models explain with

example?

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Transaction Broker:-saves user money and time

by processing online sales transaction and

generating a fee each time a transaction occurs.

e.g. :-etrade.com,expedia.com

Online Marketplace:-Provides a digital

environment where buyer and seller can meet

search for products,display products andestablish prices for those products, eg ebay.com

What are Internet Business models explainwith example?

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WEBPORTALS:- Provides initial point ofentry to the web along with specializedcontents and other services.egyahoo.com,msn.com

Virtual Community:-Provides an onlinemeeting place where people with similar

interest can communicate and find usefulinformation.youtube.com,myspace.com,

ivillage.com

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CONTENT PROVIDER:-creates revenue byproviding digital content such as digitalimage ,news,music or videos over the

web.consumer may pay to access the contente.g. itunes.com,games.com

ONLINE SERVICE PROVIDER:- providesonline service generates revenue from

subscription or transaction fee,from advertisingor from collecting marketing information fromuser.eg:-sales force.com,streamload.com

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Features of Firewalls

Protection from Spam: Spam is anunsolicited commercial email messagesand are not created with the same

malicious intent as threats like viruses, butare now having a negative economicimpact on the same order of magnitude.Spam clogs networks, hogs disk space andwastes countless hours of user timereading and dealing with the messages.

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System Vulnerability and Abuse

Automated data are more susceptible to

destruction, fraud, error and misuse

Todays organization is highly dependent of

automated data for their business

processes. Disaster due to informationsystem failure is bound to create havoc

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Threats to Information System

Hardware Failure

Software Failure

Attacks by malicious software

Sabotage

Theft of data, services, or equipments

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Threats to Information System

Accidents / Natural Disaster

User Error

Bugs in the program

Telecommunication failure

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Concern for The System Ownersand Developers

Disaster Recovery Plan Plan for running the business in the event of a

system disaster

Security Policy Policies, procedures & technical measures

used to prevent unauthorized access,

alteration, theft or physical damage.

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Concern for The System Owners andDevelopers

Software Quality Assurance Rules & Policy for Validation, Verification and

Certification

System Development Methodology

Data Quality Policies regarding source, authorization, and

auto-checking by the software

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Control

All of the methods, Policies, and

procedures that ensure protection of

organizations assets, accuracy andreliability of its records and operational

adherence to management standards

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Types of Control

General Control: Overall controls that

establish a framework for controlling the

design, security and use of computerprograms

Application Control: Specific controlunique to each computerized application

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General Control Implementation Control: It is a review of

development and implementation

methodologies and adherence to the

standards. This is mainly for software

quality assurance.

Software Control: Controls the various

categories of software, versions ofsoftware, unauthorized access of software

programs.

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General Control

Hardware Control: Ensures physical

security of the hardware, Preventive

maintenance audit. etc

Computer Operation Control: User

control, System administrator procedures,network access rules etc

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General Control

Data Security & Control: Backup control,

system audit for password security,

capability lists and data access permissions

Administrative Control: Formalized

standard rules, procedures and disciplinesto ensure that organization,s control are

properly executed

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Application Control

Input Control: The procedure to checkdata for accuracy and completeness ValidationAuthorization Control totals

Processing Control: The routines for

establishing that data are complete andaccurate during updating

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Application Control

Capability Control: Measures to restrict

the capability of a user to use the system

Output Control: Measures that ensure that

the results of a computer processing are

accurate, complete and properly distributed

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Disaster Recovery Plan

The disaster recovery plan is to make a planand strategy so as to Control the damage Reconstruction of data and information in

case a disaster occurs, as well as measuresto be taken for prevention of disaster.

In order to control the damages due to adisaster, a disaster recovery strategy must beformed beforehand

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While designing a disaster recoverystrategy following are considered:

Criticality of the non availability of thesystems Cost of data reconstruction Cost of preventive measures Tangible and non tangible losses due to

non availability of the system


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Disaster recovery plan must include policies

for

Backup procedures and frequency System Security and Control Procedures

System Audit Procedures and frequency of audit

Chronological actions and steps to be taken incase of a disaster

Specific Roles and responsibility of individual

personnel during maritime and during disaster

recovery

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For organizations which are highly dependent on

computerized system must have documented


The copies of plan document should be circulated

to all concern people

Once the plan is circulated, it should be ensuredthat all concern personnel is fully aware and

understood their roles and there is no ambiguity

Frequent review of the plan is also necessary Any change in the plan must be informed to all

concern

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