E-Business Terms

E-BusinessTerms

E-BusinessTerms

Electronic(E-business) is one of the application of information technology thatenhances business operations in the contemporary businessenvironment. E-business entails several technological terms, three ofwhich are considered in this paper.

Crowdsourcing

Crowdsourcingrefers to the process of gathering the needed ideas, content, orservices from the online community, instead of soliciting them fromtraditional suppliers or employees (Daily Crowdsourcing, 2014). Theterm crowdsourcing is derived from two words, namely crowd andoutsourcing. This implies that a business that adopts the idea ofcrowdsourcing outsources ideas and other resources from the crowdinstead of using internal sources, such as employees.

Crowdsourcinghas many applications, all of which require firms or individuals toobtain resources from the crowd. First, crowd-funding is a process ofcollecting funds from the crowd using an internet platform (Drake,2014). The goals of crowd-funding may include collection of funds tostart an initiative or equity for a given project. Secondly,crowd-voting is the process of gathering opinions from a large numberof people using a website. Many types of ideas, ranging from businessto politics, can be collected from the public using website. Theseideas can be used in making important decisions, such as forecastingdemand of a given product.

Crowdcomputing

Crowdcomputing refers to the network computing model in which applicationsrun in a connected serve, instead of running on a local device, suchas tablet, personal computer, or a smart phone (Otey, 2011). In crowdcomputing, unlike the conventional model of client-server, utilizedthe concept of virtualization where more than one physical server ispartitioned and configured into independent servers that appear as asingle device. Crowd computing is preferred because it helpscompanies in avoiding the cost of installing the upfrontinfrastructure. In addition, crowd computing enhances theeffectiveness of the resources shared by more than one user.

Crowdcomputing services are mainly used by small organizations or largeorganizations that do not find the need to install their upfrontinfrastructure. For example, a small business can access the cloudusing a networked electronic device (such as laptop, tablet, desktop,or a smartphone) from its local office. Most of the cloudapplications for small business do not require the use of specialsoftware, but allow the cloud clients to interact with the serverusing web servers. This facilitates the application of cloudcomputing in connecting all departments and branches of anorganization. This implies that all employees or customers of a cloudclient can access organizational data from any place and at any time(Strickland, 2014).

ExtensibleMarkup Language

Extensiblemarkup language (XML) refers to a markup language that is used todefine rules applied in encoding documents in both machine readableand human readable formats. XML is widely used because of itsgenerality, simplicity, and usability in the internet (Bray, 2013).However, these benefits are at times overshadowed by the complexityof tracing the basic model of XML. Although XML design mainly focuseson documents, it can be used to represent arbitrary structures ofdata, such as web services.

XMLis applied in the development of different document formats, such asAtom, RSS, XHTML, and SOAP (Bray, 2013). XML design is also the basiclanguage used for communication protocols, including XMPP. The designhas also been applied in the configuration of Microsoft.Netframework.

References

Bray,T. (2013). Extensible markup language. W3C.Retrieved June 23, 2014, fromhttp://www.w3.org/TR/REC-xml/#sec-origin-goals

DailyCrowd-sourcing (2014). What is crowd-sourcing? DailyCrowd-sourcing.Retrieved June 23, 2014, fromhttp://dailycrowdsource.com/training/crowdsourcing/what-is-crowdsourcing

Drake,D. (2014, June 10). Crowd Sourcing: It is no longer a buzzword. CrowdSourcing LLC.Retrieved June 23, 2014, fromhttp://www.crowdsourcing.org/editorial/crowdfunding-its-no-longer-a-buzzword/32268

Otey,M. (2011, May 22). Is the cloud really just the return of mainframecomputing? AQLServer Pro.Retrieved June 23, 2014, fromhttp://sqlmag.com/cloud/cloud-really-just-return-mainframe-computing

Strickland,J. (2014). How cloud computing works. InfoSpace LLC.Retrieved June 23, 2014, fromhttp://computer.howstuffworks.com/cloud-computing/cloud-computing2.htm