Etrends

Introduction

At the dawn of history man started on his unending quest of knowledge

and development without knowing his power and boundaries. This fact led to his advancement. The only fact known to him was innovation, practice and development. Thus with this gradual step by step development from one kind of age to another he landed on the electronic age. And today he is standing on a platform which is known as E AGE

The introduction of the internet took place somewhere around the early 60's. Since then the technology never looked back. Earlier the use of internet was very limited and was use d for only specific body such as government, defense and large business organization. But gradually the internet started spreading its arms. Small business organizations, firms, educational institutions, private and public sectors, entertainment industry and common people as well started knowing the essence of internet. The major factor behind this was that any operation carried out through the internet would save time, be profitable and less cumbersome. Thus internet got attached to every field of practical life. IN the present age every day new technologies are being developed and making life more easily. E TRENDS has taken over the world as a revolution.

THE HOW OF INTERNET-

The Internet was first introduced in the US Department of Defenses, Advanced Research Project Agency (ARPA). Basically it was used for the purpose of data

transfer and communication. This use was made strictly confidential only for the defense purpose. In the early 1960s Rand Corporation and UK's National Physical Lab (NPL) brought the original concept of Internet. In this period of time, the initial users were people working in government sectors, academic researchers and scientists.

The first step or we can say the first application of the E commerce was Fund Transfer through the electronic media now known as Electronic fund transfer. It was introduced in the early 70's. The purpose was to transfer money from one organization to another. Electronic Data Interchange (EDI) was the next innovation that basically dealt with transfer of documents. Gradually the various aspects of the internet and e commerce started booming up. The development of various kinds of software, hardware, networks and above all the requirements of people and organizations meandered the path of e commerce and the internet to various parts of the world. Later on the introduction of World Wide Web brought the entire world together. The world of E TRENDS came into being. Gradually the E TRENDS started taking different forms in the field of business, education, entertainment, government services, public services etc.

There are various methods in which the internet can be accessed. The most common trend is the use of telephone line as a dial up connection. But it gives slower results. A better and faster way to access the internet is the broad band which makes use of the fiber optic cable. But with the development of technology and the introduction of satellite communication now wireless connections to the internet is possible, which is the fastest way of connection.

Thus with the technological advancement the E TRENDS also expanded its application. Some of its major applications are listed below.

1. E- Marketplace.

2. E- Commerce.

3. E- Education.

4. E- Government.

5. E -Mail.

6. Mobile communication

7. E- Services.

E- MARKETPLACE-

Electronic marketplaces are the virtual shopping malls which we come across when ever we are online. These are basically the on line shopping store where buyers and sellers meet and carry out the business. All the functions regarding the product and services are taken care off online. This market is maid available to almost all kinds

Of business models such as b2b, b2c, c2b, c2c. E marketplace is a helpful technique applied in the world of business to save time, increase profit, lessen the labor. It is favorable on the part of consumers also. The customer has to place only the order sitting any where in the world and the product will be at his or her door steps. E marketplace is not only a mere online place of transaction between the buyer and seller but it also has its wider segmentation as the traditional markets. Here the different kinds of traders such as the sellers, brokers, distributors, service provider and the consumer meet online and carry out the transactions. Every member who is the part of any online business has its own online identity. This ensures security and privacy. Today E marketplace has taken over the world with its different forms such as online shopping, online advertising and online auction etc.

E- COMMERCE-

Lets begin with what management guru PETER DRUCKER has to say about E commerce.

"The truly revolutionary impact of the internet revolution is just beginning to be felt. But it is not information that fuels this impact. It is not artificial intelligence. It is not the effect of computers and data processing on decision making, policy making or strategy. It is practically something no one foresaw, or indeed even talked about 10 or 15 years ago. E commerce that is the explosive emergence of the internet as a major, perhaps eventually the major, world wide distribution channel for goods, for services, and surprisingly for managerial and professional jobs. This is profoundly changing economics, markets and industry structure, products and services and their flow; consumer segmentation, consumer behavior and consumer values; jobs and labor markets. But the impact may be even greater on societies and politics, and above all, on the way we see the world ourselves in it."(DRUCKER 2002, pp. 3-4)

In a broad sense E commerce is just not buying and selling of goods and services. IT consists of all kind of business, money, fund, cash transaction through the internet, such as electronic fund transfer from one organization to an other. Any kind of payment made online such as payment of tax invoice through telegraphic transfer, online payment through credit card. Net banking is a very good