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

ABSTRACT

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 revolution platform. The main stages of application of modern technologies such as 3D modeling, the Internet of Things, artificial intelligence, and Big Data in electronic commerce systems are described.The following are included among the goals of the conducted scientific research investigation of the application features and regulation mechanisms of e-commerce systems that have a stimulating effect on the economic development of Azerbaijan in real economic sectors, development of recommendations on increasing the efficiency of electronic commerce systems using modern ICT technologies, etc.Research methods used. In the post-coronavirus period, the following research methods were used in the study of the problems of regulation of the application of e-commerce systems and prospective development directions and in the development of their scientific and methodological bases a systematic analysis, correlation, and regression analysis, mathematical and econometric modeling methods, expert evaluation method, measurement theory, algorithmization, ICT tools, and technologies, etc.Achievements of the author. Achievements of the author. In the so-called post-coronavirus period after 2020, a special approach was taken to the application of e-commerce systems and technologies, which have a positive impact on the development of the economy as an innovative element, and to the study of its prospective development features and directions. By providing scientific support to ensure the effective formation of the digital economy and its sustainability, the researcher offered relev nt recommendations to achieve the solution to some of the goals set before the country. It should be noted that the development of e-commerce systems based on technologies relevant to the Industry 4.0 platform can give a serious impetus to the development of the sustainability of the digital economy.Due to the fact that e-commerce technologies create new additional physical and virtual opportunities for buyers and sellers, the scientific-methodological approaches proposed by the author develop them as a special tool for ensuring the stability of both e-commerce systems and the digital economy in general. The proposals presented will lead to more effective results for the economy to be more cyber resilient through the application of e-commerce systems in the so-called post-coronavirus era. The researcher showed that the effective application of electronic business models in the activities of enterprises can help to achieve effective results. In the development of e-commerce, solutions to the issues of application of 4.0 Industrial technologies such as 3D modeling, Internet of Things, artificial intelligence, and Big Data can be considered as a contribution to the investigation of solutions to existing problems in economic development. For this reason, the means and mechanisms proposed by the author for solving the problems of regulation of the application of e-commerce systems in the post-coronavirus era can be considered one of the main ways to ensure the stability and development of the digital economy.