As we all know, the digital era has transformed the way we live, work, and play. Everything from shopping and entertainment to education and communication is now done online. This shift has created new opportunities for businesses, including online retailers and especially for restaurants.
As a major player in the digital economy, Open Network for Digital Commerce (ONDC), has even made it easier to buy and sell goods and services. ONDC provides a platform that allows businesses to connect with consumers and vice versa, making it easier than ever for people to buy and sell products and services.
In this read, we will be helping you to know more about ONDC and its related aspects. Keep on reading!
Understanding of ONDC:
Open Network for Digital Commerce (ONDC) is an open platform that connects businesses of all sizes and industries to create a global digital commerce ecosystem. It provides a common infrastructure for businesses to connect, share data, and create opportunities. The platform provides tools and resources to help businesses grow their e-commerce operations.
As we all know, traditional e-commerce platforms are not well-suited for many Small and Medium-sized Business owners. This is where the Open Network for Digital Commerce comes in. It offers a variety of features that make it an appealing choice for businesses of all sizes.
· ONDC website:
ONDC platform is created by the thought that every business either small or large can be in eyes of the people. When people move to the ONDC website they will be able to interpret how their presence on the network can boost their online presence and build up a successful network for them.
ONDC in its initial phase is well positioned to take advantage of the growing trend of online shopping and the move to digital content. By offering a wide range of products and services online, ONDC is able to reach a global audience and provide a convenient shopping experience for customers.
In addition, the company’s focus on the digital delivery of content means that it is able to provide customers with the latest and greatest products and services as soon as they are released. This, in turn, helps to build customer loyalty and keep them coming back for more.
· ONDC buyer’s website:
For a very long-time applications like Zomato and Swiggy turn out to be the promotional gateway for restaurants and allow customers to place orders from specific restaurants.
Some restaurants are happy with the Zomato and Swiggy services but some are not at all. This is a major reason why some restaurants have dropped the idea to be on Zomato and Swiggy. In that case, the ONDC buyer’s application will play a major role.
Restaurants will be listed over the buyer’s application and customers who wish to place an order from them can go ahead with it. In the beta testing mode, ONCD is operative in 16 pin codes in Bengaluru and now the developers are looking forward to making it available for other cities and pin codes as well.
How ONDC will benefit the restaurants?
Undoubtedly, the introduction of ONDC will turn out to be fruitful for restaurants in various ways. These are:
· Promotion for the restaurant:
Open Network for Digital Commerce will help promote your restaurant to a wider audience and help you connect with potential customers. By being a part of the network, you will have access to the best marketing tools and resources, as well as a support team. The professionals will work with you to create a customized marketing plan that fits your needs and budget. In addition, you will be provided with training and support to get the most out of the ONDC platform.
· Even small restaurants get the chance to compete:
The ONDC platform will allow restaurants of all sizes to compete for customers in a fair and open marketplace. The platform will provide customers with a single place to discover and compare restaurants and will allow restaurants to connect with customers through a variety of digital channels. Having a level playing field, it will allow all restaurants to have a fair chance at success. Additionally, this will provide more opportunities for new and innovative restaurants to succeed.
· Freedom of choice, no matter what:
ONDC network enables restaurants to conduct business without the need for a third-party intermediary. This means that restaurants are free to choose how they want to conduct their business, without having to worry about being restricted by the rules and regulations of a central authority. This allows restaurants to focus on their customers and provide them with the best possible experience, without worrying about any other restrictions.
· Cost saving for all the restaurant owners:
ONDC will provide restaurants with a cost-effective way to connect with customers and promote their business. The program will offer restaurants a free and paid online listing, as well as discounts on food delivery and marketing services. In addition, ONDC will provide restaurants with access to a network of other businesses that can help them save money and operate more efficiently.
· Aid in Diplomacy:
Over the internet, a sense of diplomacy is there due to which Indians somewhere are not able to compete. But with ONDC the same problem will come to an end and this collaborative platform allows all the stand out from the competition and represent the business globally as well.
· Complete data masking:
In the present time, consumer data is really very important. But with some of the renowned applications, masking data is impossible or is the most difficult challenge. However, with ONDC complete data masking services will be offered so that no data can get into the wrong hands. No unauthorized Intruder will have the opportunity to check out the data or use it for any personal use.
Current status of ONDC:
To date, ONDC has been rolled out in five cities including Delhi NCR, Bengaluru, Bhopal, Shillong, and Coimbatore. Currently, the major agenda is to check out and keep the track of real-time transactions and establishments.
It is to be estimated that before October end 2022, ONDC will get available in 100 cities and towns all over India.
In conclusion, the network of ONDC will make it easy for all registered e-commerce portals to be easily found and displayed in search results across all platforms. This will help increase traffic to these businesses and allow them to grow even larger. For all the restaurants across, there will be a great advantage as the charges that they paid for traditional marketing methods on online applications will lower and they can see a significant increase in customers coming to their places.
The ONDC initiative will be a valuable resource for hotels looking to improve the visibility of their brand and services. The network will make it easy for all registered portals to join, so be sure to sign up today!
What is Open Network for digital commerce or an ONDC project?
Open Network for digital commerce (ONDC) is an open-source project launched in early 2021 with the goal of creating a global infrastructure for e-commerce that enables companies to transact with each other in a more open, secure, and reliable manner.
Why is ONDC important?
ONDC is an important initiative because it will help to increase the use of digital commerce and e-commerce and will reduce monopoly. It will also help to create a more efficient and secure online marketplace for businesses.
What is open e-commerce?
Open e-commerce is a broad term that refers to the various models and platforms used for online commerce. It can be broken down into two main categories: open consumer e-commerce, which allows customers to buy products without signing up for a merchant account or subscribing to a service; and open business e-commerce, which enables businesses to sell products and services directly to customers. With ONDC, consumers will be able to get information about restaurants and other businesses in a single place without switching between multiple applications.
What is the future of online shopping in India?
Online shopping is growing in India, where it is estimated that the market will reach $200 billion by 2025. There are a number of reasons for this growth, including increasing incomes and the popularity of mobile technology. In addition, online shoppers in India are more likely to be female than male, which may be due to the widespread use of smartphones. There are a number of challenges facing online shopping in India, however.
What is the objective of ONDC a new platform for the e-commerce ministry?
ONDC is a new platform for the e-commerce ministry that seeks to improve the efficiency and transparency of online commerce. It will help reduce the time it takes to process transactions and improve the overall customer experience on the web. The major objective of ONDC is to reduce or remove monopoly.