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When the first e-commerce transaction was made in 1994, little did we know that one day e-commerce would rule the industry! Today, it has become an indispensable component for all the business units. It has cast huge impact on the way we shop today and has led to the formation of a whole new industry of e-commerce businesses and support services. According to latest statistics, global e-commerce is predicted to grow at around 19 per cent CAGR up to 2020.

Today when we speak of ecommerce, we usually think of the conventional, consumer-based online shopping sites. Little do we know that these B2C ecommerce sales are almost half of the B2B ecommerce sales! So, what exactly is covered under this beast called B2B ecommerce? B2C and B2B are two types of commercial transactions where B2B stands for business-to-business. B2C is a process for selling products directly to consumers while B2B involves selling products or services to other businesses. When the transactions are carried online, it takes the form of ecommerce. It is important for the businesses to implement the right system for their customers as B2B and B2C differ fundamentally in complexity, scope, scale and cost etc.

No one is accurately aware of when mankind started trading! From horses to ships, from trucks to airplanes, the need to trade goods has shaped some of the best innovations for mankind. With more and more ideas shaping up the business arena, digital commerce is one trend that is slowly concurring the enterprise world. So, what is digital commerce or digital commerce? Put in simple words “Digital commerce involves buying and selling of goods and services by the use of internet, mobile networks and other commerce infrastructure.”

A robust growth in opportunities to collect and leverage digital knowledge and information has led enterprises to change their decision-making process. They have come to rely more on data and less on their intuition, like earlier days. Managers at different levels are consuming data and analytical output in numerous ways. Most of the enterprises today attribute their success to the use of databases and cutting-edge analytical tools.

Entrepreneurs need to open their eyes to data’s endless possibilities. It is important to, first, have a goal in mind prior to data collection. Therefore, one must always have a clear analytical objective. What is it you want to achieve? Do you want to assess an opportunity? The clearer your end objective is, the more rewarding your analysis would be.

Man has always been fascinated by the skill of flying. That is why the advent of airplanes was celebrated with much applause. Less than a century forward, the unmanned aerial vehicle (UAV) or the drone provides impetus back to man who is technologically capable to control these machines from the ground.