Introduction to E-Commerce - I

Summary

Dr. Subot Kishani introduces the e-commerce course for BCom general CBCS students, emphasizing its innovative nature and relevance in today's digital era. The course covers e-commerce basics, business models, technologies, electronic governance, and payment systems. It aims to familiarize students with contemporary e-commerce practices, including mobile commerce and electronic services, and to enhance their entrepreneurial skills. The video also discusses the impact of technology on consumer behavior and the importance of adapting to changes in the digital marketplace.

Takeaways

• 😀 Dr. Subot Kishani introduces a new course on e-commerce for BCom General CBCS students, emphasizing the shift from traditional to electronic commerce.
• 🌐 The course covers the evolution of commerce from physical exchanges to modern e-commerce and m-commerce, highlighting the importance of mobile and internet in today's business.
• 📈 The script discusses the global trend towards e-commerce, with statistics indicating a significant growth in online purchases and the influence of social media on consumer buying decisions.
• 🏢 E-commerce is not limited to product sales; it also encompasses services and learning, with platforms like SWAYAM facilitating electronic learning in India.
• 💡 The course is designed to be innovative and skill-based, aiming to familiarize students with the latest trends in e-commerce, including artificial intelligence, machine learning, and the Internet of Things.
• 🔑 The course is structured into five blocks, starting with the basics of e-commerce, moving through business models, technologies used, electronic governance, and concluding with website development and security.
• 🛡️ Cybersecurity is a critical component of e-commerce, with the course discussing the importance of data protection and legal frameworks like IT Act 2000.
• 🌟 The course aims to enhance entrepreneurial skills, providing insights into venture capital, crowdfunding, and strategies for establishing a presence in the e-commerce market.
• 📊 The script shares various e-commerce statistics, such as the reasons for online shopping, the impact of website speed, and the role of visual appeal in online stores.
• 🌱 The course is future-oriented, discussing how e-commerce is changing the business landscape, with a focus on adaptability and innovation as keys to success in the digital economy.

Q & A

What is the main focus of the course introduced by Dr. Subot Kishani?

The main focus of the course is e-commerce, an innovative topic that revolves around the electronic way of conducting business, learning, services, and other activities.

How is the world transitioning from traditional commerce to e-commerce according to the script?

The world is transitioning from a brick and mortar system to a click and mortar system, indicating a shift from physical stores to online platforms for commerce.

What are some examples of app-based commerce mentioned in the script?

Examples of app-based commerce include Amazon or Flipkart for physical products, Swiggy or Food Panda for food items, and SWAYAM for learning.

What does the script suggest about the future of purchases by 2040?

It is forecasted that by 2040, 95% of all purchases will be made via e-commerce platforms.

Which country is mentioned as the world's fastest-growing e-commerce market in the script?

China is mentioned as the world's fastest-growing e-commerce market with an estimated e-commerce value of $162 billion in 2017.

What is the significance of the course BCOS 184 as discussed in the script?

BCOS 184 is a skill-based course that emphasizes e-commerce, aiming to familiarize learners with contemporary ways of doing business and internet-based business setups.

How does the script describe the impact of technology on consumer behavior?

The script describes that consumer behavior is changing with time, forcing companies to involve technology to stay relevant in the market, or else they risk being replaced by competitors.

What are some statistics shared in the script related to online shopping?

Some statistics include that 43% of e-commerce traffic comes from Google search, 35% of Google product searches convert into purchases within 5 days, and 51% of digital buyers conduct purchases via smartphones.

How does the script highlight the importance of return policy in e-commerce?

The script emphasizes that 80% of online shoppers don't make purchases from e-commerce sites that have problematic return policies, indicating the importance of a clear and customer-friendly return policy.

What are the five blocks into which the e-commerce course is divided according to the script?

The five blocks of the e-commerce course are: 1) Basics of e-commerce, 2) E-commerce business models, 3) Technology used in e-commerce, 4) Electronic governance, and 5) Website development and hosting.

What is the role of artificial intelligence and machine learning in e-commerce as per the script?

Artificial intelligence and machine learning are described as important technologies in e-commerce that are changing the way businesses operate and interact with consumers, making processes faster and more efficient.

Outlines

00:00

📚 Introduction to E-Commerce Course

Dr. Subot Kishani introduces the e-commerce course designed for BCom general CBCS students. The course is innovative, focusing on the electronic way of conducting commerce, which is a global trend shifting from traditional to online platforms. It covers the evolution of commerce from bartering to currency-based trade and now to e-commerce and m-commerce. The course is available on the Egan coach portal with self-learning material, aiming to familiarize students with the current trends in e-commerce, including the latest technologies like AI, machine learning, and IoT.

05:01

🚀 E-Commerce Trends and Market Statistics

The paragraph discusses the rapid changes in the business landscape due to technological advancements like Big Data, machine learning, and AI. It emphasizes the importance of e-commerce in the current market, with statistics highlighting the growth of e-commerce worldwide, especially in China and India. The US has the highest e-commerce penetration rate, and consumer behavior is shifting towards 24/7 online shopping. The paragraph also covers the significance of website speed, the impact of social media on e-commerce, and the importance of return policies and visual appeal in online stores.

10:02

💡 E-Commerce Course Structure and Modules

This section outlines the structure of the e-commerce course, which is divided into five blocks. The first block focuses on the basics of e-commerce, including its introduction, business models, technologies used, electronic governance, and electronic payment systems. The course aims to provide a comprehensive understanding of e-commerce, covering its evolution, types, advantages, and disadvantages. It also discusses the role of emerging technologies like mobility, cloud, AI, and IoT in shaping the future of e-commerce.

15:02

🌐 Impact of E-Commerce on Society and Business

The paragraph explores how e-commerce is changing society and business operations. It discusses the shift from traditional to virtual meetings and the importance of electronic governance in India. The course will cover case studies of successful e-commerce platforms and the impact of the pandemic on e-commerce, highlighting the rise of work-from-home culture and the need for businesses to adapt to technological changes. It also emphasizes the importance of customer satisfaction, after-sale service, and the role of mouth marketing in boosting businesses.

20:02

🏆 Conclusion and Future Outlook

Dr. Kishani concludes the introduction to the e-commerce course by emphasizing its innovative nature and its focus on current trends. The course is designed to prepare students for the future of e-commerce, providing insights into starting a business, understanding venture capital, and leveraging technology for entrepreneurship. The video sets the stage for more detailed discussions in upcoming videos, which will delve into specific units and chapters of the course, aligning learners with the self-learning materials provided.

Keywords

💡e-commerce

E-commerce refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. In the video, e-commerce is highlighted as a burgeoning topic and a shift from traditional brick-and-mortar systems to online platforms. It is portrayed as a transformative force in various sectors, including retail, services, and education, as indicated by the mention of Amazon, Flipkart, and Swayam, which are platforms facilitating different types of e-commerce transactions.

💡m-commerce

M-commerce, short for mobile commerce, denotes the conduct of e-commerce transactions using mobile devices such as smartphones and tablets. The video script points out the evolution from e-commerce to m-commerce, emphasizing the growing importance of mobile applications in conducting business and the convenience they offer to consumers for online shopping and service procurement.

💡paradigm shift

A paradigm shift refers to a fundamental change in approach or underlying assumptions. In the context of the video, it describes the transition from traditional business methods to digital ones, particularly the move from 'brick and mortar' to 'click and mortar' systems, indicating how commerce is increasingly being conducted online rather than in physical stores.

💡self-learning material

Self-learning material in the video refers to educational content that students can engage with independently, typically found on online portals. The script mentions these materials as being available on the 'Egan coach portal,' suggesting a resource for students to explore e-commerce concepts at their own pace, complementing the course material.

💡digital services

Digital services encompass any service provided over the internet. The video discusses how not only physical products but also services are transitioning to digital formats, as evidenced by the rise of online learning platforms. This shift is part of the broader theme of digitization affecting all aspects of commerce and daily life.

💡skill-based course

A skill-based course focuses on practical abilities and knowledge that students can apply in real-world scenarios. The video describes the course as skill-based, emphasizing the acquisition of practical knowledge about e-commerce, which is intended to prepare students for contemporary business practices and enhance their employability.

💡entrepreneurial skills

Entrepreneurial skills are the abilities necessary to start and run a successful business. The script suggests that the course aims to enhance these skills within individuals, indicating that the course content is not only academic but also designed to foster innovation and the ability to establish and grow businesses in the digital age.

💡electronic governance

Electronic governance, or e-governance, involves the use of information and communication technology to improve public services, enhance democracy, and support citizen engagement. The video mentions e-governance as part of the course content, highlighting the digital transformation extending to government services and the importance of understanding this model in the context of e-commerce.

💡cyber security

Cyber security refers to the protection of internet-based systems, including hardware, software, and data, from digital attacks. In the video, cyber security is mentioned as a crucial aspect of e-commerce, emphasizing the need to safeguard financial transactions and personal data as commerce moves online, which is also underscored by the reference to the IT Act 2000.

💡artificial intelligence

Artificial intelligence, or AI, is the simulation of human intelligence in machines to perform tasks. The video discusses AI in the context of e-commerce, suggesting its role in shaping current trends and future developments. AI is portrayed as integral to enhancing user experiences and driving efficiency in digital commerce platforms.

💡work from home culture

The work from home culture allows employees to perform their work outside of a traditional office environment, often remotely. The video references this culture as a result of changes in commerce and mindset, particularly highlighting how the COVID-19 pandemic has accelerated this trend and its acceptance in the business world.

Highlights

Introduction to the e-commerce course for BCom general CBCS students.

E-commerce as a burgeoning topic and a need of the hour.

Shift from brick and mortar to click and mortar system.

E-commerce involves various aspects like business, services, and learning.

Course includes self-learning material available on the Egan coach portal.

Historical evolution of commerce from barter trade to currency and now e-commerce.

Emergence of m-commerce and app-based commerce.

Examples of e-commerce platforms like Amazon, Flipkart, Swiggy, and Swayam for different needs.

The course is innovative, skill-based, and emphasizes on contemporary e-commerce trends.

Technological advances like AI, machine learning, and IoT are integrated into the course.

National Education Policy framework and its influence on the course curriculum.

Statistics on e-commerce growth, market value, and consumer behavior.

Importance of real-time approach and consumer mindset in e-commerce.

Course structure divided into five blocks covering basics, business models, technology, and more.

Unit one of the course focuses on the introduction, evolution, and importance of e-commerce.

Unit two discusses e-commerce models, technologies, and the role of emerging technologies.

E-governance framework in India and its significance in the course.

Impact of the pandemic on e-commerce and the shift to virtual meetings and online learning.

The course's focus on skill enhancement and entrepreneurship in e-commerce.

Course content designed to keep learners updated with the latest e-commerce trends and technologies.

Transcripts

[Music]

hello Learners I am Dr subot kishani

welcome to this uh very first video

which emphasize more on the course

called e-commerce this is a new course

for the for the bcom general cbcs

student and we are here with a very

Innovative topic which involves or

revolves rather we can say around

e-commerce so e-commerce is a is a term

which is a need of an R the whole word

is right now talking about you know the

electronic way of doing the things

either it could be the Commerce either

it could be the learning either it could

be services or whatever it could be or

the business it could be so the whole

word is right now have moving from

having a paradigm shift or rather we can

say moving from brick and motor system

to click and motor system so e-commerce

is a is a is a very burgeoning topic and

taking into consideration we have

introduced this course which is a very

Innovative in nature and uh equ with you

know the self-learning material

available on our Egan coach portal and

you can very easily visualize that this

course is is is you know talking about

various aspects you know talking about

what exactly the Commerce is how the

Commerce is changing from the change of

time and there was a time when Commerce

was just you know the uh the butter

trade where commodity was replaced with

the help of commodity and after certain

time we found that currency comes into

picture so this is you know something

which had given you know a a new uh

twist to Commerce and after certain time

you find out that you know uh change of

decades uh maybe from last two decades

we are more talking about you know the

e-commerce and in present scenario we

are talking about mcommerce so today

e-commerce is nothing but a app based

Commerce

where you know with your mobile with

your internet you can able to you know

order the product uh you can order any

kind of product either it could be the

industrial product or you know the fast

moving consumer goods or you know what

we can say uh this uh food items so if

you want to you know order a product in

a which have a physical appearance you

can take a help of Amazon or Flipkart if

you want a a food related product as far

as eating is concerned you can order

through swiggy tomato food Panda and if

you want to do learning I think you know

the learning had also been changed so

you can you can do learning through

electronic mode I think swam is one of

the important ingredients is one of the

you know a platform which had been

created by by by government of India in

this direction and this is one of the

way by which you know the Commerce is

electronic learning is going on so what

I mean to say the whole world is right

now changing with the change of time so

it's not you know the product which have

a physical appearance it is it is there

but the services is also changing the

Electronic Services had been changed and

we have seen that lot of you know

services are available online so the

whole mindset whole approach is now

changing so this particular course you

know it's quite Innovative in nature

which I was talking about it's emphasize

more on you know what exactly the

Commerce is and how this Commerce is

changing with the change of time so bcos

184 is a is a is a skill-based you know

course which emphasize more on you know

the e-commerce and when we

uh go in a in a in in a further videos

we find out that it's quite contemporary

nature so state of art you know the

latest trends the the latest

Technologies which are used in in you

know either it could be the robots

either it could be you know the

artificial intelligence or machine

learning or Internet of thing so the

whole approach is you know involved into

it and you will while going through this

particular course you will enjoy a lot

because a lot of you know current trend

is coming up and this current Trend can

give you uh a roof to think of and and

try to you know do the things in a in a

different mode so anyway we will

definitely go uh gradually as far as

this course is concerned and very

minutely we are going to cover you know

all the aspects of that so the intention

is very clear we make our learner uh

more acquaint with the latest thought

emip them about the latest trends and

after you know going through the

learning materials they can acquaint

themselves with this thought so the

thought which is available with this

video format and you have got a text

format and with this and a combination

of this can definitely groom your

knowledge level so anyway we will move

in a uh gradually and we will talk more

about that so if you if you talk about

you know this particular course called

bcos 184 this is a uh skill enhancement

for credit elective courses and uh you

know it's part of our bcom we have

already talked about the main objective

of the course is to familiarize the

Learners with with the knowledge and

understanding of e-commerce the course

by and large makes learner acquainted

with the Contemporary ways of doing

business and emphasize more on internet

based business so and uh and their setup

how the things are going to set up that

is also there so this particular course

is not going to talk about you know the

one aspect but somewhere it make uh it

enhance the entrepreneurial skill inside

the uh individuals so intention is very

clear this is uh the purpose is to make

them more skilled and whatever the

Skilling is required as far as this

this particular course is concerned we

will definitely talk about that so the

word is experiencing Speedy changes and

knowledge landscape with various D

dramatic scientific and technological

advances such as the rise of Big Data

machine learning and artificial

intelligence many unskilled job

worldwide may be taken over by machine

and robots and in present

scenario collaborative effort of robots

and and human known as as corts are

there so keeping in mind framework of of

National Education policy the School of

Management studies had initiated a skill

enhancement course to look closely into

the development of curricula and

teaching methods for e-commerce

processes practice and Technologies with

an intention to embe skills among its

student and youth with a greater

emphasis on the development or

employment opportunities and research

activities so this is what exactly the

thing is so uh if you prior to going

into the depth of this e-commerce I just

want to share certain statistics because

the whole statistics which is changing

with the change of time the mindset is

changing and you know when you talk

about e-commerce when you talk about

mcommerce when you talk about you know

the Contemporary Commerce the what

exactly we will see that you know there

are certain jargons which are very

important like real time so uh real time

approach had come up the mindset of the

consumers had changed the consumer is

one who is changing with the change of

time and that forced the company to you

know involve the technology because if

they are not going to use the technology

they will be out from the market and

ultimately what happens another company

will take the uh place of that so this

is something which is there and

e-commerce is something which is

changing with the change of time it is

expected that by 2040 95% of all

purchases will be via e-commerce this is

something which had been forecasted the

world fastest growing e-commerce Market

is China with an estimated e-commerce

value of $162 billion in 2017 and on the

other hand you find out India is you

know growing in a big way and the end

users are are you know penetrating or

rather we can say moving from brick and

motor system to click and motor system

the US has the highest e-commerce

penetration rates with around 80% of all

internet users making at least one

purchase the top reason why people make

online purchases that they can shop

whenever they want in a 24 into 7 mode

so around 43% of e-commerce traffic come

from Google search and uh slow loading

of website see an abundant of 75% so so

that is the reason you know you have

seen that you know we have moved from

website to to app based business and in

our coming discussions we when we are

going to talk more about all these

aspects we will definitely throw a light

on what exactly you know this e-commerce

is and how this e-commerce is changing

with the change of time so uh there are

some more facts and figures related to

e-commerce and uh if you talk about it

is estimated that around 35% of Google

product searches are converted into

purchases within 5 days around 51% of

digital buyers conduct purchases via

their smartphones digital buyers are

more likely to spend more if they are

provided with free shipping and around

93% of online Shoppers declared that the

visual appearance of an online stores

play a key role in purchasing decisions

so this is something which is there and

online Shoppers are are are are some are

are the one who are you know having a

more visual presence and they are you

know getting a more access about the

online store so it is estimated that

around 80% of online Shoppers don't make

purchases from e-commerce side that have

problematic return policy so when we are

going to talk about e-commerce as a as a

more elaborative manner we will talk

about you know the return policy return

policy is something which is a very

important ingredient there were certain

companies which have not you know follow

the procedure of returning the product

within their prescribed limit so

ultimately what happened their market

thator and they will be out from the

freay so return is very important

ingredient if the company don't have the

return policy and uh there is no set

rules behind that ultimately what will

happen they will be away from this

aspect so it is estimated that 85% of

all product purchase via social media

platforms come from Facebook or Twitter

or Instagram so the social networking

site is also coming up with their own

platform and lot of changes is coming up

and that changes we are going to

definitely talk about in this in in a

coming videos because this video is

emphasized more on what exactly the

total the e-commerce is and what is the

intention behind you know know talking

about this particular course called

e-commerce so again it is expected that

the mobile Commerce retail sale will

reach do 3.5 trillion by by 21 or 22 in

two in 2017 around 40% of online

Shoppers stated that they prefer to pay

with credit card so that was a time when

you know people were prefering through

credit card but right now the wallets

have entered so we will have a dedicated

sessions which are going to focus more

on what exactly the wallets is and how

this virtual currency is also coming up

and which which is you know taking a uh

uh way to you know do that so online

stores that have an active presence on

social media platforms have 32% more

sales Generation X composes 34% of

online shopping population followed by

Boomers who account for 31% of online

shopping population and around 30% of

digital buyers are millennials so around

55% of all online Shoppers said that

online reviews have an impact on their

buying decision so these are statistics

which is quite important because when

you know the e-commerce had been started

it was started for the particular class

and Creed but right now you see the the

definition of e-commerce had been

changed so e-commerce is no more a

Commerce it is a eServices it is you

know e-shopping it is you know the

e-learning and it is lot many things so

you have seen that you know the

schoolgoing kids are one of the

potential Market as far as you know the

virtual meeting software is concerned

either it could be you know the

Microsoft team or it could be you know

the Google uh meet or whatever it could

be so you find out that these you know

the kids are are not going to school due

to pandemic stage but they are doing lot

of shopping uh or you know uh gaming or

learning through this particular

platform so prior to going into the

depth of this uh the this whole course

is bifurcated into uh five blocks and uh

if we talk about the first block the

first block emphasize more on the basics

of e-commerce and if you go into a

backdrop you find out we started with

introduction to e-commerce then

e-commerce business models then

technology used in e-commerce electronic

governance which could be the part of

block one and then we have electronic

payment system which talk about e-

payment ebanking and then you know the

third block emphasize more on website

development and hosting and if you go

into the breakup of this particular

block you find out that uh website

development is is is one of the chapters

then e-commerce software platforms web

server hardware and software then you

have cyber security and it act which

talks about why this uh it is important

why the security is important because

since we are moving from brick and M

system to click and M system so

somewhere there's a there's a need of

you know how we are going to secure our

data how you know the data which is

available on the uh the plastic money

data or you know the the Wallet

information which is there how much

secure it is so this cyber security

cyber security measures it act 2000 is

going to talk more about that and online

portal and application which more talks

about eiling eServices and app based

e-commerce so if you go through this

particular thing you will find out that

this course is quite contemporary in

nature and following you know the latest

Trend which is very important and uh

which I have already talked about that

it's a need of an R so talk about more

aspect about that so I have already

talked about that uh this is the way by

which the course is going to run and uh

we are here with the with the first

block the basics of e-commerce and uh

today video you know emphasize more on

introduction to e-commerce so what

exactly the e-commerce is and why we are

going to use that that is going to

discuss in the today's today video and

in the coming videos you will find out

some more you know discussion will be

there which emphasize more on e-commerce

business models technology used in

e-commerce and electronic governance so

as I was discussing about this block one

emphasize more on the basics of

e-commerce and if you go into the

backdrop of this basics of e-commerce

you will find find out that that this

blog will familiarize you about the

introduction to e-commerce various

models used in e-commerce technology

used in e-commerce and E governance and

if we if you talk and also on the other

hand this block is structured to cover

the fundamentals of primary aspects of

e-commerce the blog on the theme basics

of e-commerce comprises of four units

like the unit one gives the basic

introduction of e-commerce and its

Evolution types importance on one hand

as well as advantages and disadvantage

on the other hand so this unit also

makes us familiar how the concept of

e-commerce has evolved over time and

thus helping us in enormous ways so this

is a primary block which which talks

more about you know from e-commerce from

underne to Pinnacle and you will find

out you know lot of current trend is is

is there which we are going to talk

about the and on the other hand if you

talk about the unit two this unit

discusses the various models of

e-commerce along with their key elements

and major categorization apart from that

the unit also explained the role of E

ing Technologies such as Mobility Cloud

Ai and iot of e-commerce so artificial

intelligence if we talk about it's is a

is a need of an r and we see that how

this artificial intelligence is changing

because today word is more talking about

the machine learning or artificial

intelligence and this artificial

intelligence is somewhat you know quite

faster in in nature and they are doing

the things in a more elaborative manner

so this unit makes the learner familiar

with the various building blocks and

technology used in EC Commerce the the

unit briefs about the various

Technologies emerging these days the

later part of the unit focuses on the

various website designing models as well

as distinction between app based and a

web based business so this unit

familiarize the Learners with the

electronic governance framework in India

by emphasizing on its meaning planning

Evolution growth and importance and and

the unit throws light on the various

popular e governance scheme such as

egral mygov.in digitalindia passport SAA

project so while you know talking more

about this particular aspect we will

definitely you know throw a light on

what exactly you know this this course

is all about and then we will take a

some good case studies either it could

be you know the uh the case study

related to e- governance or case study

related to you know the e-commerce

either it could be you know the Amazon

flip cart or if you talk about you know

the learning app it could be soam it

could be you know uh course era it could

be edex or you know the simple learn

Khan Academy so we will see how the

process had been changed so why the

people have moved from you know the

conventional meat to virtual meet and

how this virtual meet is very important

we have started you know all those

things in a in a more uh you know uh

different mode in a more you know

approach but after certain time we find

that it's become a necessity also so

right now since the pandemic was there

at that time you know this uh virtual me

philosophy had been started but you find

out that now this this philosophy had

been more acclimatized by the by the

users in a more systematic manner the

reason is very clear so we have seen

that work from home culture had come up

so if you talk you know a decade back

people were laughing about that but but

due to this change of Commerce change of

mindset or you know uh usage of

Technology this work from home culture

had been introduced and this work from

home culture is is is very important

because because due due to this Co due

to this pandemic stage people are you

know not coming out from their homes but

they are doing a business so there are

certain industries which are you know

doing quite well you know despite of

this pandemic or this covid stage but on

the other hand there are certain

industry which which had been

deteriorated the reason is very clear

that you are not going to change

yourself with the change of time so

changing is very important when you talk

about e-commerce and when people are not

going to change themselves they are they

will be away and they will be redundant

and they will be out from the freay

there are certain industries you know

which are which stands nowhere if you

talk about you know the past record you

find out that Kodak or Nokia were

dominating the World Market but right

now they stands nowhere the reason is

very clear they have not changed

themselves so and uh on the other hand

you find out uh that the the shelf life

of the companies that youting there was

a time when shelf life of the company

was 30 years 40 years 50 years but right

now it had been detated to you know 5

years or 10 years the company who are

not performing well they are not taking

care about the consumers if the company

are in are in electronic mode or in

e-commerce mode and they not taking care

about the return policy about the

consumers ultimately what happened the

the bad image is going to come and prior

to buying any product consumers are not

you know going for advertisement they

are just seeing the reviews of of the of

the existing customers who have bought

the product and if the existing

customers have given adverse report or

the negative report no doubt you know

they can they can detor it and they can

switch over from that so that is the

thing I think uh you know uh the model

is there and we will see that how the

change is is there and if the people are

not changing themselves they will be out

from the market so anyway I think this

particular block is more emphasizing on

on how this uh e-commerce is going to

change and how this e-commerce is is is

making the building the society in in a

different mode because people are now

getting lot of time so if they want to

you know travel they don't have to wait

for certain time they can book the the

taxi through Ola or Uber so this uh this

app can

provide them an opportunity to you know

travel and in a very faster mode on the

other hand you know you see there are

certain industry which which purely

depends on electronic mode like travel

industry if you book the tickets right

now nobody can go to the ticket counter

and book the tickets they they book the

tickets through online either it could

be the make my trip or you know the

booking.com or you know the other things

so the mindset is now changing so what I

mean to say the this particular course

is is talking about you know the change

of mindset how the mindset is is going

to change so it's not apply to you know

the the small Commodities the big

commodity is also there in the coming

years you will find out that people are

going to buy a car uh by by you know by

sitting at their home they don't visit

the service uh showrooms to see the car

if they want to see the car they can you

know just download the app and see what

are the qualities the cars have and and

they can do the bookings they can do all

those things from there itself so what

matter is you know the after sale

service you know the refund policy and

how much you know the loyal the the

Enterprise is towards their consumers

and if the consumers are happy I think

the mouth marketing is comes up and this

is going to give a boost to the to the

organization so this is where you know

the change is there and housing if you

talk about I think the the housing is

also the real estate is also changing

and we have seen that you know the the

magic braks or you know the housing.com

or whatever you know 99 Acres these are

the companies which are you know doing a

great job they they are you know

providing us uh a 3D view about the

about the the locations about the you

know the product about you know the uh

the the installation they have inside

the homes so you don't have to spare a

lot of time in in in exploring the

houses you can do lot of things and app

is going to do that the real time the

artificial intelligence is is knowing

your your taste so the way you you know

search the product they are going to to

give you the link about that so if you

are searching for 3bhk house I think or

particular location or the NCR locations

or the guran locations or the NOA

locations so they can give you the

details about the 3 bhk Flats related to

that particular jur addiction so that

kind of you know the model is coming up

and that model is changing and giving

you know approach uh to the individual

so what exactly I was talking about that

if we talk about this particular uh uh

this course this course is very

Innovative in nature because it can it

can not only give you the Glimpse about

what trend is coming up but on the other

hand it can provide you a various ways

so as a entrepreneur as a as a you know

grassroot entrepreneur as a first

generation entrepreneur you can you can

you know go through and you can start

your startup so somewhere it is going to

talk about you know the Venture Capital

somewhere it is going to talk about the

crowdfunder and somewhere they are going

to talk about you know the various

various you know the approaches which

can give you the niche and how to you

know EST establish yourself into the

market because the biggest you know the

crunch the the entrepreneur have the

startup have is the is the capital and

and the USP of the these startups are

are their knowledge level they their

knowledge Knack so if they try to use

the knowledge Knack and use the

technology I think very easily they can

they can you know Do the Wonders so

anyway I'm going to wind up this

particular video today this is this is

uh a curtain RoR to what exactly we have

talked about and uh you know the the

second video is quite subjective in

nature quite descriptive in nature which

could be emphasized more on you know the

uh the particular unit or the chapters

or you know the blogs and make our

Learners you know aligned with the self-

Learning Materials what we have uploaded

in The Egan coach thank you very much

and I think the learning had been

started and this could be a very good

course as far as you know the learning

is concerned as far as you know the

innovativeness is concerned thank you

very much