Topic: I choose Electronic Payment Services from slide 4 of this week’s lecture to talk about in this discussion.

Description: Electronic Payment Services (EPS) are electronic applications (mobile or computer) that let the users send or receive money to/from an individual, company or a service like electricity payments or internet bills. EPS applications serve as a mediator between the sender and receiver in a transaction that involves money. These applications are very useful to reduce the effort and time that people put in transferring money to another person/institution or just to pay bills. These EPS can be more secure as physical money is not involved in which may be exposed to various other negative factors, There are many applications that help the user to transfer money, lets start from the initial ones and come to the recent ones: PayPal, Venmo, Square Cash, Apple Pay, Android Pay, Samsung Pay, Zelle, and Google Pay.

Trends: The trend in general for Electronic Payment Services is going up/growing. There was time when PayPal had the major share in this sector, slowly other companies found the profits in this sector and came up with their own services that are a safer, faster and broader application that are superior in aspects of the user interface, security, places or companies that accept that payment method (Fest, 2006). It is so popular now the companies are giving cash rewards and discounts and many other gifts that would attract the users to use their application than the others. Even there are many big players in this sector and the new companies are coming up constantly which shows how fast this sector or business is growing (Parry, 2010). I think that there would be more advances in this sector, currently, the payments are getting secure by using the user’s biometrics like fingerprints and face ids. There will be several other advancements in this piece of technology.

References:

Fest, Glen. (2006). Online Payments: New Cardless Choices Clicking: PayPal and Google expect to rule the alternative online payments space, but PIN Debit and bank-backed ACH options will abound, too. Bank Technology News, 19(9), 19.

Topic 2:

Brief Description:

We have seen the graphics posted by our professor regarding digital trade. From the graphics, we can notice the importance of digital trade in Ana’s business and how digital trade is used in each step of her business.

For this week’s discussion, I had picked 3D printing from digital trade. 3D printing is also called additive manufacturing. In 3D printing, a three-dimensional solid object is made from a digital file. The process by which these 3D printed objects are made is called an additive process. In this process, the 3D objects are made by laying down successive layers of material. By using 3D printing, complex shapes can be made using less material when compared with the general manufacturing process.

3D printing is used in a wide variety of sectors examples the automotive industry to print spare parts, print parts of the cars which are out of production for decades. It is also used in Construction, Aviation, manufacturing consumer products, health care materials, printable body parts like false teeth, musical instruments and more.

Trends:

The announcement published by Forbes in March 2019 shows the forecast report from Wohlers associates Wholers associates is a consulting company for product development and additive manufacturing. This report was made by analyzing the data from 2018. The report shows that by 2020 the additive manufacturing and services will be $15.8 billion market. The company also expects that the revenue forecast of this industry will be $23.9 billion in 2022 and 35.6 billion industry in 2024. The Other Forbes report also shows that about 80 percent of manufacturing companies use 3D printing to create prototypes that allow them in faster innovation.

The Survey conducted by Jabil shows that in just one year the companies which are using additive manufacturing was increased from 27 percent to 52 percent. The survey also shows that additive manufacturing industry will be about $55.8.7 billion worth by 2027.

As per Xometry which is one of the 3D printer manufacturing company shows four trends of 3D printing in 2020. The first trend is an advancement in software to control the additive process, the second trend is continuous 3D printing, the third trend is the advancement in ceramics material and 3D circuit boards, the fourth trend is Hybrid 3D printing technologies.

From the reports and trends, we can understand that 3D printing industry will continue to evolve without any downfall in the near future.

2 hours ago

buddy can I get one reply for each post

2 hours ago

can I get two replies for two posts ?