Wednesday, August 8, 2007

Malaysian Online - The Year Past, The Year Ahead

This is the time of year to look back at the year past and forward to the year ahead. Information plays a vital role in our life for pass, current and future decade. Right now we are observing increasing hype about the wonders delivered by newest information technologies in an era characterised by knowledge and concern of information as a critical resources for business activity. With the advent of new technologies, such as data mining, Intranets, video conferencing, and web casting, several technology vendors are offering such solutions as panaceas for the business challenges of the new knowledge era.

In a nutshell, electronic-base business that really changes the way we work and the way we make transaction either locally or globally. The management doesn’t really see just how dramatically INTERNET have changed our lives. When we compare the way we do things with Internet and the way we did them without, the change is all the more startling. As the world is becoming a border-less marketplace, the SMIs need to compete not only with others in the trade domestically, but globally. Thus, with the growth of new technology, it’ll give them the opportunity to trade electronically on a global basis.

Malaysia online history

In the year of 1995, was considered the real beginning of Internet Age in Malaysia. According to the first Malaysian Internet survey by MIMOS and Beta Interactive Services, 1/1000 Malaysian had access to internet. In 1998, this number grew up to 2.6%. In year 2000, the internet usage growth has increased to 3,700,000 and use growth 2000-2007 equal to 265.6%.

In the dynamic international environment as Asia-Pacific, the individual and businesses itself need to keep up with the latest information to maintain a competitive edge. Electronic Commerce has shown its potential in revolutionising industrial process and structures and redefines the competitive advantage for businesses around the world. Managers at National Semi-Conductor Corp are looking at marketing rolls-outs in a new way. A set of applications was built on external Website produces instant feedback of a new product, monitoring how the market responds to changes in pricing, positioning, and information.

E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.

However, the "Electronic Commerce" today in Malaysia is in its embryonic stages. What needs to happen for it to be accepted widely? One of the tangible elements that have to be overcome by the industry is to get consumers to have confidence in the conduct of electronic payments in virtual space. Merchants and consumers have to believe that somebody’s not going to fleece them. The automation of cash payments is something people started talking about especially a company going globally and expanding their business world-wide.

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