ECommerce Sales Jump in 2011

While talking on these lines, it has to be increasingly acknowledged that one of the prime needs of today’s fast emerging and competitive modern day society is the need for education for the young members of the society. In order to empower the minds of the young masses of the society, merging of education offerings on the lines of digitization will prove to be highly effective. Developing a significant business venture, which merges the digitization factor with education, will help in the enormous amount of value generation for the entire society. This particular project talks about a particular and potential business proposition which helps in building the integration of digital and communication technology along with the needs of education for the society of the future.With the rise in the income level, there have been huge disparities with the adoption of e-commerce across the developing and developed nations. The total online retail sales in the first half of 2011 are higher by 19% as compared to last year online sales. As per IMRG Capgemini e-retail sales index, the total e-retail sale had reached £31.5billion in the six months of the year (Whiteaker, 2011). In the US e-commerce stood at $194.3billion in 2011 an increase of about 7.9% and totaled e-commerce sales amounted to 4.2 trillion (Enright, 2012). As a result of the recession, consumers are focused on finding the best price and thus e-commerce firm’s offers high-value product with the relatively low price. Business have realized and importance of e-commerce and is powerful and different as compared to other technologies which had played a major role in transforming the 21 century but internet along with other information technology tend to shape up the 21st century (Tassabehji, 2003, p. 3).