There are many emerging types of business models currently prevalent in the world of commerce. These include E-commerce, C2C commerce, Web 2.0, Creative industries and Fashion. Let’s take a brief glance at each of them to understand how they work and what their future looks like. E-commerce is the model adopted by most E-commerce businesses today. In E-commerce, the seller and the buyer interact through online web portals with minimal or no interaction required from the side of the parties. The key difference between traditional commerce and E-commerce is the presence of a third party – a retailer – who holds the goods for sale.
E-commerce or online commerce, as we shall use the term here, is a form of indirect social life based on aesthetic judgement, collective decision making and collaborative activity. It is a system of value exchange that takes place within the context of a community, group or country. The underlying principles of E-commerce are complex and intricate, but we can make a few points clear. The following statement summarizes the essence of the emerging types of business architecture currently operative in the world of commerce:
We are seeing the emergence of a new form of architecture: the architecture of commerce. It is the product of human creativity and the product of technical innovation. In short, it is the architectural model that arises out of the combination of the two. In E-commerce, the aesthetic content and social life are tightly coupled with one another. This is why it is not surprising to see art galleries and museums emerge as key components of the architecture of E-commerce.
There are some emerging types of business structures that are based on the collaboration of individuals. E-commerce is one of them. Big data has made it possible to implement big data analysis in order to improve business efficiency and reap benefits from it. Another one is the development of a “big data” ecosystem, where multiple players come together in order to monitor, analyze, and provide solutions to real-time business data. The most significant advantage of this kind of architecture is that it can provide the necessary data analytics without requiring expensive initial investments. E-business can be scaled up and down very easily, depending on the need.
Another emerging type of structure is the combination of patrol inspection and engineering workflow automation. The patrol inspection refers to a process of looking into infrastructure at strategic locations in order to gather data on the condition, functionality, load distribution, environmental performance, and much more. The purpose of the process is to collect intelligence on the key areas that need attention in order to make crucial decisions.
It is not surprising to find the combination of operational processes and E-commerce. The main feature of this is that it allows for real-time visibility of all critical areas that are essential for business success. This is achieved by integrating fleet monitoring systems with supply chain management systems. There are many benefits of this form of structure. First, it saves money on logistics costs because it involves fewer delays in the supply chain. Second, it allows for improved logistical control because it helps in improving supply chain efficiency by letting agents evaluate operational parameters in real time.
One other emerging form is onetowatch. Onetowatch is a collection of tools and techniques designed to make monitoring and analyzing business systems easier and more efficient. These tools allow agents to monitor and track all information and data that are sent or received by the system. Some of the tools and techniques onetowatch collections include onetowatch graphs, onetowatch visualizations, and onetowatch monitoring. These techniques enable business managers to make informed decisions about the system setup and monitoring of the organization.
Real-time inventory tracking is another one of the emerging types of business structures that makes use of big data. In order to be able to monitor inventory and its variations across a company’s different locations, several equipment condition sensors are installed in strategic locations. Sensors may be used to analyze material conditions and physical wear and tear. When a change in physical condition occurs, software applications receive real-time notifications and visualizations of the changed condition. By using various sensors, the entire inventory can be monitored and analyzed in real time. As a result, companies can improve their operational efficiency.