Updated on October 1st, 2018
The word of e-commerce is rapidly changing along with the cumulated trends of a broad digital and financial spectrum. e-commerce businesses can stay up to date or they can die because the level of competition is extremely high.
In this article, we are going to tell you about some essential rising technology that will shape the future of e-commerce:
1. User-Experience Is Key
The World Wide Web and all of its features have developed massively over the past decade. While emphasis used to be on the technology itself, the focus is now placed directly on the user.
From search engines to website assessment and all the way to advertising, redirecting everything towards the user is the only way to make it count.
As such, e-commerce companies should base their sales and advertising strategies on user interaction in order to remain relevant. In 2018, user experience must be the light motif of the entire project.
With the rise of bitcoin, using cryptocurrency for regular payments has become something that users expect in 2018.
Blockchain is no longer something for the distant future, but a technology that is essential to e-commerce even more than other types of businesses. If competitors are already offering it as an option, adapting to accommodate cryptocurrency is absolutely crucial.
To speed up the process but also ensure the efficacy of the project, you can work with a company that specializes in this type of financial implementation. This way, you can be sure that the service you offer works properly for your clients.
3. Cloud Technology
From high-end online inventory management to complex cloud computing, e-commerce must adapt to cloud technology.
By moving operations onto the Cloud, there are certain features that can be upgraded to a remarkable level. For instance, a Cloud-based software can optimize your inventory by pinpointing the exact issues you have in your system, as well as tracking various trends among your products.
Knowing that a certain product is selling well is very useful, but also getting a heads-up about when you might run out of it can help you ensure a positive user experience.
Moreover, cloud computing can process enormous amounts of data and render key trends about your target audience and how you could maximize your conversion rate.
3. Voice Search Optimization and Conversational Commerce
Voice-optimization is certainly the future and the time has come to be prepared for it. Siri and Alexa are the ultimate influencers since they determine the pathway from your potential clients to your company.
This means that adapting your website and advertising campaigns for voice search should play a bigger and bigger role from now on.
But it does not stop here. Voice-search optimization will be a big part of conversational commerce, a service that will allow internet users to shop by talking to their devices.
They will be presented with a wide range of options based on their personal preferences and they will be able to order the products by voice-only.
This has been in the works for a few years now, but it is the new frontier of e-commerce, which means that you have to be ready for it.
4. Thing-Based Commerce
Another branch of modern technology that has boomed in the last few years is that of smart homes and the Internet of Things. Thing-based commerce is a direct consequence of its evolution because it will automize household-related shopping.
Imagine having a refrigerator that can detect when you are running low on milk and eggs. If that weren’t impressive enough, thing-based commerce will enable your refrigerator to place an order for milk and eggs on your behalf, based on your consuming patterns.
Being ready to communicate with such a device will define the best retailers of the years to come. The first grocery providers for the smart refrigerator will most likely be those that owners will stick to at least until the next good offer comes along.
This is exactly why it is important for e-commerce companies to have the R&D capacity to incorporate this type of upgrade to their system.
As you can see, staying up to date with the latest developments is the only way for an e-commerce company to thrive. The next step is implementing all of these changes so that users get a positive experience, which should have a decisive role in revenues and profits.