Tuesday, October 15, 2013
Fun with number: Save fuel save dollars
Wednesday, February 8, 2012
Factors driving the success of E-commerce business
1. Introduction
Some of the common unknowns that are usually seen in online commerce are:
- How do the participating parties know whom are they transacting with?
- What if one of the parties denies the occurrence of transactions?
- What are the credentials of the participating buyers and sellers of products and services in an online market place?
- Prior experience with the seller. The buyer has got some opinion about the seller based on the previous experience, which dilutes the factor of anonymity.
- Multiple numbers of transactions done with the seller (Repeated Exposure). The buyer has done trade with the seller many times so the buyer is well aware of credentials of the seller. Also buyer feels that he can get better deals with the known seller rather than trying a new person
- Number of items that have been traded (Level of processing): Number of items is a measure of amount of trade that has been done with the seller. The buyers generally give bulk orders to the seller whom they know well.
- Forgetting Rate: This indicates how often the transactions have been made. If the frequency of engaging in trade with the same seller is more, then the buyer will remember the profile of the seller. Also the buyer will have the updated information about the market reputation of the seller. But if the trade with the seller is done once in a while then the buyer will have to again do a survey of the seller’s current reputation in the market, which might have changed a lot.
- Information of Product/Service: How well the buyer can get the information about the product/service from the online commerce?
- Buyer/Seller Interaction: Can the buyer have any interaction with the seller?
- Review/Rating: Is there any review/ranking mechanism for seller in place?
- Location: Is the location of the seller provided by the online commerce?
- Negotiation: Does the online commerce provide any means for the buyer and seller to negotiate on the price of the product?
- Knowing the Seller: Is the identity of the seller revealed by the online business?
Amazon does not provide any means to negotiate. The buyer cannot interact with Amazon to negotiate for the price of the product or the shipping charges. There might be some special offers provided by the Amazon itself, but buyer has no say in that.
Location specific information does not make any sense when the seller is Amazon. But when the buyer intends to buy a used product from some other seller through Amazon, he/she might want to find out about the seller so that he/she might meet personally. Amazon provides the contact information about the sellers and hence help the buyer to know the location of the seller.
- Users (sellers) can add items/services they want to sell
- Only user’s (seller) friends can write feedback comments for the user (seller).
- Only friends can rate the seller.
- User location can be viewed on the Google map
- User friends location can be viewed on the Google map
Areas
|
Amazon
|
Facebook
|
Yelp
|
EBay
|
Craigslist
|
Information of Product/Service
|
Broad
|
Broad
|
Broad
|
Broad
|
Board
|
Buyer/Seller Interaction
|
Average
|
Strong
|
Yes
|
Strong
|
Strong
|
Review/Rating
|
Strong
|
Strong
|
Strong
|
Strong
|
None
|
Location
|
Broad
|
Broad
|
Strong
|
Broad
|
Strong
|
Negotiation
|
No
|
Yes
|
No
|
Yes
|
Yes
|
Knowing the Seller
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Social Network
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Mahadevan, B., & Venkatesh, N.S. (2000). A framework for building online trust in business to business E Commerce: Issues & Challenges. IT Asia Millennium Conference, Bombay.
Weinberg, B.D., & Davis, L. (2005). Exploring the WOW in online-auction feedback. Journal of Business Research, 58(11), 1609-1621.
Huberman, G. (2001). Familiarity breeds investment. Journal of Review of Financial Studies, 14(3), 659-680.
Carter, J., & Ghorbani, A. A. (2004). Towards a formalization of value-centric trust in agent societies. Journal of Web Intelligence and Agent Systems, 2(3), 167-184.
Zhang, J., Ghorbani, A. A., & Cohen, R. (2006). An improved familiarity measurement for formalization of trust in e-commerce based multiagent systems. Proceedings of the 2006 international Conference on Privacy, Security and Trust: Bridge the Gap between PST Technologies and Business Services, Markham, Ontario, Canada.
Jarvenpaa, S.L., Tractinsky, N., Saarinen, L., & Vitale, M. (1999). Consumer trust in an Internet store: A cross-cultural validation. Journal of Computer-Mediated Communication, 5(2). Retrieved September 15, 2004 from http://jcmc.indiana.edu/vol5/issue2/jarvenpaa.html
Gefen, D. (2000). E-commerce: The role of familiarity and trust. Omega: The International Journal of Management Science, 28(6), 725-737.
Cassell, J., & Bickmore, T. (2000). External manifestations of trustworthiness in the interface. Communications of the ACM, 43(12), 50-56.
Belanger, F., Hiller, J.S., & Smith, W.J. (2002). Trustworthiness in electronic commerce: the role of privacy, security, and site attributes. The Journal of Strategic Information Systems, 11(3/4), 245-270.
Fung, R.K.K., & Lee, M.K.O. (1999). EC-trust (trust in electronic commerce): exploring the antecedent factors. Proceedings of the Fifth Americas Conference on Information Systems, 517–519.
Schoop, M., Jertila, A., & List, T. (2003). Negoisst: a negotiation support system for electronic business-to-business negotiations in e-commerce. Data & Knowledge Engineering, 47(3), 371-401.
Quelch, J.A., & Klein, L.K. (1996). The Internet and international marketing. Sloan Management Review, 37, 60-75.
Bradach, J.L., & Eccles, R.G. (1989). Markets versus hierarchies: From ideal types to plural forms. Annual Review of Sociology, 15, 97-118.
Hosmer, L.T. (1995). Trust: the connecting link between organizational theory and philosophical ethics. Academy of Management Review, 20(2), 379-403.
Slyke, C.V., Belanger, F., & Comunale, C.L. (2004). Factors Influencing the Adoption of Web-Based Shopping: The Impact of Trust. The Data Base for Advances in Information Systems, 35(2), 32- 49.
Saturday, October 15, 2011
Launched a new site for Bangalore Volvo Route planning
Friday, April 15, 2011
Healthcare social platform (Heath 2.0)
Healthcare social platform (Heath 2.0) leverages the social software to promote collaboration among patients caregivers medical professionals and other health stakeholders
Healthcare social networks provide an active platform for sharing the ideas, discussing symptoms and debating the treatment options…all of them can improve the patient care.
There are several issues which raises questions over the entire Health2.0 concept:
- What is the guarantee that the information shared is correct..basically the factor of trust?
- Why will anybody share his/her experiences?
- What about the loss of privacy?
There has been some research on the kind of information people would like to find out on the internet pertaining to healthcare. Some of the key reasons for the online activity are
- To conduct research on a disease..done mostly by medical practitioners
- To find out possible diagnosis for the condition …done mostly by patients
- Find out the insurance plans..done mostly by patients
- Research the reputation/quality of a doctor or the hospital..done mostly by the patients
- Look for a doctor to get the treatment for a particular disease.. done by patients. Now a days it is one the use case for creating the local search applications
- Access or manage the personal health records…There are websites that allow the patients to maintain their medical records
- Connect to other patient to understand the problems of a particular treatment..done by the patients..patient social networks
Healthcare social networks can be either physicians or patient oriented
Physician social networks provide an online technical infrastructure for the doctors to share the clinical cases, images, videos, medical knowledge
Patient social networks emphasize direct patient support, promote disease awareness, find out what it feels when you are suffering from a particular disease.
Physician Social Networks
Sermo(www.sermo.com) is one of the biggest online social network of the physicians
These platforms (Physician Social Netwoks) bring thousands of the physicians together to exchange the latest in the medical advances. Some of the advantages are:
- Physicians exchange views about the drugs, devices and the treatment options.
- They can each other specific clinical questions (just like the software forums) that are not so obvious from the medical literature
- The doctors in the rural places with limited access to the libraries and specialists can join the communities to get help in diagnosing and prescribing the correct medicines
- Physicians can discuss ongoing research and help speed up the process of bringing the advances to the patient care.
- The physician networks also provide useful VOC (voice of customer) to the pharmaceutical companies. By monitoring the conversations on the network they can understand if there is a need of a particular type of drug , or what are the kind of diseases in a specific region (potential markets), or why one particular drug is getting prescribed by various doctors etc.
- Similarly the device manufacturing companies can get the feedback for their devices, or if there is a need for a new kind of device for diagnosis
There are also some obvious concerns in such networks:
· How do you gauge the accuracy of an advice or expertise on a particular topic?
There are few measures taken in this respect. Some networks require the physician to verify their credentials such as the state license, their degrees, before becoming the member or the membership is only by invitations(so trust is there). Also the advice given may be ranked by the other members (like in stack overflow http://stackoverflow.com/ forum)
Patient Network
The patient networks support the patients worldwide by promoting the disease awareness and positive and proactive behaviors to stay healthy while coping with a disease. Some of the key befits are:
- They can ask each other about the after effects of a particular medication. They can ask the other patient who is suffering from the same disease about the medications and what is to be expected in terms of the effect of the disease
- The network helps to lower the anxiety level of the patients and the caregivers particularly for newly diagnoses patients who are unsure about the future. Such patients require variety of information quickly and without interruption.
- Patients also feel that they are not alone in the world but there are so many in the same situation which act as a soother for them.
- Between the doctors’s appointments the patients can contact the other patients to gain enough knowledged about the treatment, symptons and to frame the right questions to ask the physicians
- They can also get reference of a physician or hospital to get the treatment for a particular disease.
- Also before going to a doctor the patients can find out the reputation of a doctor and the hospital
- Even the healthy people can find out the information regarding how to keep them protected from a particular disease. During the outbreak of the Swine flu these social networks helped a lot to spread the information about the disease i.e. how to protect yourself , what precautions one must take.
- In few networks even physicians are members and they volunteer to give answers to patients queries
- The patient networks also act as a VOC for the drug companies because they can find out the side effects of their drugs or if a particular drug is causing miracles
There are some concerns too.
- The biggest being the trust. To what extent the people can trust the content of the patient networks. Most medical advice or the comments come from other patients. The sites do not perform any validation of the content. Patients have no choice but to believe in Collective Intelligence (collective understanding of many will be better than a single person). I think with the maturity of the collaboration model of the web (travel forums, software forums) the collective intelligence is more or less established.
- Privacy is another concern. Since patients are revealing their medical conditions it can be an issue with the insurance companies. They may increase the premium depending on the patients conditions
But still the benefits of the network can outweigh the concerns
What distinguishes the physician and the patient networks from the other online communities is the motivation for the interaction: The professional interest for the doctors and coping with disease or diability for the patients.
How as a software developer we can contribute to Health 2.0?
The crux of the Health 2.0 is a social application that is intended to be used for the discussion on Health related issues. These days many social networking provide APIs to create the social applications. Facebook is a powerful platform which supports the social networking a big time. It is currently the most popular and the largest social networking site. There is a huge potential for a health2.0 kind of Facebook application. The application will allow Facebook users to form a specialized group for enabling the Patient Social networks or the physician social networks. Each member can view others Facebook profile to know more about him. This way the trust might be build which is a major issue in the existing Healthcare Networks. Since the users can just add the app to their facebook profiles (without going to any third party sites) the chances for active participation is also more. There are many ideas that can be drafted around the concept of social app…its just the matter of brainstorming