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In today’s rapidly changing world, technology has played a major role. Newer technologies are
evolving every day across the globe. Gone are the days when we had do go to different places to
do things like shopping, reservation, etc. Nowadays, you can do all of these right from your house
or anywhere for that matter. All of this was made possible by the usage of the latest technology
and gadgets. To keep ourselves updated, it is important for us to learn about the latest IT trends.
In this chapter, let us learn about some latest IT trends.
E-COMMERCE
Historically, commerce is referred to as buying
and selling goods. With the rise of technology,
commerce has taken on a new form. These days
people are buying and selling goods online.
The act of selling and buying a commodity
over the Internet is known as e-commerce. To
facilitate this process, thousands of websites
are available as platforms, for different types
of people like consumers, producers, sellers,
etc. These platforms help different people connect and trade goods and services.
TYPES OF E-COMMERCE
Buying and selling of goods involves different types of people with different necessities. This creates
different categories of e-commerce. Let us take a look at these different categories.
Business-to-Business (B2B)
If a company buys or sells products or services to other companies online through a sales portal,
it is known as the business-to-business model of e-commerce.
Example: https://www.indiamart.com/, https://www.tradeindia.com/,etc.
Latest IT Trends 77

