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About the E-Commerce Technology

E-Commerce is buying and selling of goods/services using an electronic medium such as internet. With the advent of Internet e-commerce increases rapidly which makes a billionaire worth business for example, Amazon, Flipkart, OLX etc. It also extended to Mobile and Social media.

E-Commerce 2025 has started with the paradigm shift from online shopping to voice shopping, visual search(AR/VR), smart payments (IoT, AI), crypto payments, smart customer support(chatbots) etc.

Engineering with Commerce is a powerful combination. Most of the Engineering graduates work in areas outside of engineering such as management, banking and consulting and many go on to become CEOs of major corporations. It’s a modernized type of combination that focuses on technology and online business practices of a company. It is a study of an information system to conduct online business.

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Career aspects @ E Commerce Technology

  1. After passing the course, graduates can work with government organizations, private enterprises or online shopping websites.
  2. Also work in marketing or other areas of management.
  3. The course also gives knowledge about ethical, legal and security issues in e-commerce sector and societal impacts.
  4. The candidates also have the option of pursuing higher degree courses such as Master degrees in M.E / M. Tech / M.S / Ph.d or in the research sector.
  5. Another benefit of the course is that the trading activities can be operated from any part of the world.
  6. Time and distance don’t affect the business as the messages can be sent in minutes without spending much time.

Learning Path

After course completion in e-commerce sector, graduates will gain a comprehensive understanding of creating and managing online businesses also learn how to write business plans, buy and sell goods on the internet and work together with business partners and marketing team to ensure maximum profitable input and output.

Curriculum Highlights

VIT Bhopal’s four-year B.Tech CSE Specialization in “E-Commerce Technology” develop business skills and complement the qualities that make engineers competent business leaders: problem solving skills, planning skills, and their focus on the future and continuous improvement.

The programme focus business in the aspect of Data Science, Artificial Intelligence and Machine Learning by introducing the courses like Data Driven Decision Modelling, Social Network Analysis, AI & ML for Business, Business Intelligence in the curriculum. Security aspect of business enhanced by introducing the courses like Data Privacy and Security in Business, Cryptocurrency, Biometric and security systems. Insights of E-Commerce can be taught through courses like Introduction to E-Commerce, Digital Marketing, E-Customer Relationship Management, Enterprise Resource Planning, and Supply Chain Management.

Technologies Contribute to E-Commerce

The buzzwords of Computer Science, Data Science, Artificial Intelligence, Machine learning, IoT, AR/VR and Cryptocurrency are playing a major role in E-Commerce. Few of them are listed below.

1. Data Science, Artificial Intelligence, Machine Learning

  1. Recommendation engines : ML, DL algorithms to read data and give product recommendations to buyers.
  2. Market basket analysis: Customers with similar buying patterns will purchase similar baskets (groups) of products. Used in advertising products.
  3. Warranty analytics: Warranty data analytics helps retailers and manufacturers keep a check on their products, the potential lifetime of their products, problems, returns and even to keep a check on any fraudulent activity.
  4. Price optimization: ML for fixing prices for products based on buyers capability, location of the customer, buying attitude of the customer.
  5. Inventory management: Studying and predicting the demand and accordingly managing supply so that the sales is uninterrupted. ML is used here for the timely delivery.
  6. Location of new stores: Analysis of demographic locations of the customers can be analyzed to find the best location to open new stores that will boost the increase in the sales.
  7. Customer sentiment analysis: Customer sentiment analysis is a method of processing information, generally in text format and often from social media sources, to determine customer opinions and responses. At the heart of customer sentiment is text analysis, a complex process based on statistical and linguistic analyses.

2. Visual search using AR/VR

  • AR app, Sephora’s Virtual artist, IKEA Place.
  • AR VR Headset, Oculus rift, HoloLens.

3. IoT

  • Contact less payment in stores with smart watches.
  • Smart fridge used for ordering food using Amazon’s alexa virtual assistance.

4. Crypto Payments

  1. Adoption of crypto currency payments for online purchasing is increasing. Amazon accepts ‘Bitcoins’, Elan musk is accepting ‘Dodge coins’.
  2.  Accepting crypto coins for payments is the future and will drive the online purchase worldwide as seamless.
  3. Nowadays Mobile phones and Social media has a high impact on E-Commerce.
  4. VIT Bhopal’s four-year B.Tech CSE Specialization in “E-Commerce” develop business skills and complement the qualities that make engineers competent business leaders: problem solving skills, planning skills, and their focus on the future and continuous improvement. Young graduates will be prepared as Project Leaders, Retail solutions architects, Retail Project Managers, Retail application specialists, Analytics consultants and Retail application developers.
  5. After course completion in e-commerce sector, graduates will gain a comprehensive understanding of creating and managing online businesses also learn how to write business plans, buy and sell goods on the internet and work together with business partners and marketing team to ensure maximum profitable input and output.

Essential Tools

Ecommerce tools can help to automate and simplify a wide range of tasks pertaining to the business. This can help to utilize time effectively and increase efficiency. From website designing to managing inventory, these tools can help to complete all ecommerce store-related tasks.

  • Shopify
  • BigCommerce
  • JungleScout
  • 3dcart
  • WooCommerce
  • ProProfs Help Desk
  • UltraCart
  • Oberlo
  • PrestaShop
  • Big Cartel
  • OpenCart
  • Magento
  • Volusion
  • Ecwid
  • osCommerce
  • Zen Cart
  • CoreCommerce
  • X-Cart
  • CS-Cart
  • VirtueMart
  • Ecomdash
  • Omnisend

Essential statistics

  • Two years ago, only 13.6% of sales were made from online purchases.
  • Today, that number is expected to reach 19.5%, a 45.8% increase in ecommerce market share over two years.
  • Growth is expected to continue, reaching 21.8% by 2024, which translates to an 8.2 percentage point increase in just five years.
  • Online retail sales will reach $6.39 trillion, with ecommerce taking up 21.8% of total retail sales.
  • By the year 2040, it’s estimated that 95% of all purchases will be through e-Commerce.
  • The e-Commerce industry is growing 23% year-over-year, yet 46% of American small businesses still don’t have a website.
  • 5% of global internet users have purchased products online.
  • Segmented campaigns to email subscribers drive a 760% increase in revenue.

FAQs

Why to study E-Commerce Technology?

Nowadays startups are grown and engineering graduates struggled to manage their business without having much more business management skills. This course will give enough insights about business and manage through online.

Is VIT Bhopal correct place to study E-Commerce Technology?

VIT group of Institutions maintain their legacy in each year. VIT Bhopal is a trend setter for all emerging trends by offering 7 different UG programmes within short span of time. The first university having100% doctoral faculty in India.

Is the Curriculum cater the Industry needs?

The curriculum offered provides a perfect blend of theory and Industrial expertise required to develop a professional Entrepreneur. VIT curriculum is crafted by eminent faculty as well as industry experts, who have niche skills E-Commerce domain. The curriculum highlights are Data Driven Decision Modelling, Social Network Analysis, AI & ML for Business, Business Intelligence, Data Privacy and Security in Business, Cryptocurrency, Biometric and security systems, E-Commerce, Digital Marketing, E-Customer Relationship Management, Enterprise Resource Planning, Supply Chain Management etc.

What about the demand for E-Commerce professional?

Plenty of job opportunities in E-Commerce sector such as:

  • User experience designer
  • Community builder
  • Business analyst
  • Supply chain manager
  • Digital operations manager
  • Digital marketing manager
  • Customer satisfaction manager
  • Director of ecommerce

What is the annual salary for E-Commerce professional?

E Commerce Specialist salary in India with less than 1 year of experience to 11 years ranges from ₹ 5.6 Lakhs to ₹ 22.3 Lakhs.

Which industries are focusing for E-Commerce professional?

Amazon, Flipkart, Google, Alibaba etc.

What about the current market statistics?

  1. Two years ago, only 13.6% of sales were made from online purchases. Today, that number is expected to reach 19.5%, a 45.8% increase in ecommerce market share over two years. Growth is expected to continue, reaching 21.8% by 2024, which translates to an 8.2 percentage point increase in just five years.
  2. Online retail sales will reach $6.39 trillion, with ecommerce taking up 21.8% of total retail sales.
  3. By the year 2040, it’s estimated that 95% of all purchases will be through e-Commerce.
  4. The e-Commerce industry is growing 23%year-over-year, yet 46% of American small businesses still don’t have a website.
  5. 5%of global internet users have purchased products online.
  6. Segmented campaigns to email subscribers drive a 760% increase in revenue.
  7. Online stores with a social media presence have an average of 32% more sales than those that don’t.
  8. 74% of consumers rely on their social networks to make purchasing decisions.
  9. 40% of all online purchases made during the holiday season are done on smartphones.
  10. By 2023, retail ecommerce sales in Asia-Pacific are projected to be greater than the rest of the world combined.