Problems of Regulation and Prospective Development of E-commerce Systems in the Post-coronavirus Era

The article examines the application of e-commerce systems and technologies that have a positive impact on the development of the economy of the post-coronavirus period and the formation of appropriate technical and technological infrastructure for it, as well as promising features and directions of...

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Bibliographic Details
Published in:International journal of information engineering and electronic business 2022-12, Vol.14 (6), p.14-26
Main Author: Garaja Aliyev, Alovsat
Format: Article
Language:English
Subjects:
Artificial intelligence
Big Data
Business models
Coronaviruses
COVID-19
Digital economy
Economic development
Economic growth
Economic sectors
Economics
Electronic commerce
Impact analysis
Industrial applications
Industrial Revolution
Industry 4.0
Internet of Things
Modernization
R&D
Regression analysis
Research & development
Research methodology
Research methods
Stability
Sustainability
Sustainable development
System effectiveness
Three dimensional models
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Summary:The article examines the application of e-commerce systems and technologies that have a positive impact on the development of the economy of the post-coronavirus period and the formation of appropriate technical and technological infrastructure for it, as well as promising features and directions of e-commerce. The physical and virtual opportunities created by e-commerce technologies for buyers and sellers are explained. The advantages of e-commerce in the international economic space have been identified. The functions of e-business models in accordance with the commercial stages of enterprises are explained. It was noted that the development of ICT has accelerated the process of transition from traditional commerce to e-commerce, led to the emergence of new global trends in e-commerce. These innovations have raised the issue of the application of modern ICT in the development of e-commerce on the platform of the 4.0 Industrial Revolution. Taking into account these factors, the presented article discusses the application of modern technologies in e-commerce systems, such as 3D modeling, the Internet of Things, artificial intelligence, big data. Features of application and regulation mechanisms of E-commerce systems in real economic sectors, which have a direct stimulating effect on economic growth in Azerbaijan, have been studied. Recommendations were given for the modernization and use of e-commerce systems with the application of the latest ICT technologies.The purpose of the research. The main goal of the scientific research carried out in the article was to develop the scientific-methodological basis for the regulation of the application of e-commerce systems and the study of perspective development problems in the so-called post-coronavirus period after 2020. In the article, attention was paid to the problems of regulation of the application of e-commerce systems and the development of recommendations on increasing the efficiency of prospective development directions.Taking into account the characteristics of the relevant electronic business models, applying them in accordance with the commercial stages of the enterprises' activities and obtaining effective results were among the main goals. Attempts have been made to implement e-commerce systems based on the developing technologies of the Industry 4.0 platform. An attempt was made to solve the issue of using modern ICT in the development of trade processes, which corresponds to the 4.0 Industrial re
ISSN:2074-9023
2074-9031
DOI:10.5815/ijieeb.2022.06.02