Amazon Impact on E-Commerce and Tech Report
Amazon is an American electronic commerce and cloud computing company. Amazon has reshaped the way that retailers and e-commerce companies do business. Amazon allows users to submit reviews to the web page of each product. With each passing year, the brand becomes more entrenched in the lives of consumers and grows its thumbprint across new industries. Amazon allows users to submit reviews to the web page of each product. Amazon has been able to identify and capitalize on the needs of the younger generations.
Their ability to effectively appeal in particular, has helped facilitate their rapid adoption. It’s hard to compete with a worldwide brand that offers nearly every product on the planet. Smaller e-commerce brands can offer a more personal experience that may cater to some customers. For e-commerce companies to keep up with Amazon is to invest in the tech side of their business and not be afraid to pivot or innovate when new technologies become available. Amazon’s greatest strength is their ability to attract great tech talent which allows them to innovate and become more efficient. Amazon revealed all over the internet trend report of Mary Meeker’s.
Marry Meeker in Amazon
- Mobile payments are becoming easier to complete.
- Tech companies are facing a “privacy paradox.” They’re caught between using data to provide better consumer experiences and violating consumer privacy.
- E-commerce sales growth is continuing to accelerate. Amazon is taking a bigger share of those sales at 28 percent last year.
- Physical retail sales are continuing to decline.
- The speed of technological disruption is accelerating.
- Internet leaders like Google and Amazon will offer more artificial intelligence service platforms as AI becomes a bigger part of enterprise spending.
The report hit everything from e-commerce to cloud technology and household spending. In her report the highest tech companies were founded by incomer. The second incomer are amazon CEO (Jeff Bezos) and Apple owner (Steve Jobs). The first incomer were google co-founder (Sergey Brin) and Facebook co-founder (Eduardo Saverin).