Future of Mobile Global Business Assignment Example | Topics and Well Written Essays - 3000 words

Future of Mobile Global Business - Assignment Example This study evaluates some of these case studies to provide some valuable insight about the contribution of mobile use, and application in commerce and what the prospects for the future are in the mobile industry. It will critically analyse the potential futures in different perspectives such as the competition, role of stakeholders, political, technical, and social issues, and collaboration of mobile in m-business. To get an accurate insight into the contribution of the mobile industry in business, this study will focus on evaluating mobile systems such as MPS (Mobile Payment System), Mobile Ticketing System, and Mobile Learning Systems (M-Learning). In addition, the paper aims to investigate the drivers of mobile applications, their various applications and some the projections in future business world. Through evaluation and analysis of the past researches it also analyses the the past statistics and compares the present trend in the mobile industry. Apart from analysing the contri bution of mobile technology in the business world, this paper will look at how mobile applications such as M-Learning, M-ticketing, and M-Payment systems influence the future development of mobile commerce. It also evaluates the various scenarios of how mobile devices can be used in mobile commerce, their disadvantages, advantages, and the challenges posed in terms of acceptance by people, and the implementation of the technology itself. Key words Mobile mobility; mobile technology; mobile payment system; M-Learning; mobile ticketing system; Short Message Service (SMS); mobile application Introduction One of the most powerful and famous portable technology is mobile technology. It comprises of mobiles phones, PDAs (Personal Digital Assistances), and laptop computers. Mobile services have the capacity to enable and provide services of spatial and temporal constraints. As opposed to other interpersonal services such as online services, which are delivered on the spot, mobile services allow users access to information and services when on the move without being bound to a one spot. In addition, it offers accessibility, ease of use, and flexibility. For instance, through the Mobile Ticketing Service (M-Ticketing), users are able to make bookings and purchase tickets for games, transport, and theatres (Alfawaer, 2011, p848). The advent of mobile phone technology has allowed consumers access to services and content anywhere, anytime. For instance, through wireless devices, mobile phone technology users are able to carry out sell or buy transactions, pay bills, track stock quotes, access bank accounts, make orders, or receive promotions anytime, anywhere. This has been through electronic commerce (E-commerce), which is carrying out business over the internet. This definition is so general and says nothing about the devices used. Normally, a person can access the internet via a wired LAN (connected to a desktop pc) or through a wireless network (phones, PDAs, Laptops, etc.). When we access e-commerce via wireless networks such as through a mobile phone, we refer to it as mobile commerce (M-Commerce). Through mobile devices such as PDAs and mobile phones, mobile business services have a promising future. Applications functions such as news, ticketing, can be optimized for business functionality (Abdelkarim & Nasereddin, 2004, p52). In the business world, information is considered the most valuable aspect of business than money. Given this importance, accuracy, volume, and the swiftness of available information is equally significant. Modern businesses today bases their future profits on the timeliness of information concerning the development of customers’