Information Revolution | E-commerce

5 Mar

Hi, bloggers! Since it’s my last Blog (6th to be exact) on “What is an Information System?” I would like to thank our team members for their great support of the project – well done sad112425878 & sad112759089! I also would like to thank everyone who followed, commented, liked and ranked our blogs – you are amazing! I hope we have created a good content over the past six weeks for the upcoming exam, and that everyone will pass with great results😀 I wish you all GOOD LUCK!

Moving on … to continue all the relevant information flow I thought that it will be good to write about what is most important in IS, and that is Information Revolution. Without it we wouldn’t be here right now sharing all we know with everyone on the planet who use www.wordpress.com . It is incredible and fascinating at the same time.  You can check, if you haven’t done so already, my first blog about ‘The importance of Information Systems to organisations’; it is related to information revolution.

Information Revolution – Development of technologies (such as computers, digital communication or microchips) in the second half of the 20th century that has led to dramatic reduction in the cost of obtaining, processing, storing, and transmitting information in all forms (text, graphics, audio, video). Information Revolution is related to Information Systems which we are using on a daily basis in work, college or on holidays. See one of my recent blogs about ‘Common types of IS’.

I think that mainly the effect of computers and data processing on decision-making, policy-making, or strategy together with Internet as a worldwide distribution channel for goods, services, and managerial and professional jobs, had an impact on the evolution of Information Revolution.

on-line shopping

Electronic commerce (commonly known as E-commerce) draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. What I really like about E-commerce is shopping cart software which is absolutely fantastic and allows us to put things we have chosen to buy into our on-line cart. Other common applications related to electronic commerce which might be interesting for you include the following:

  • Document automation in supply chain and logistics
  • Domestic and international payment systems
  • Enterprise content management
  • Group buying
  • Automated online assistants
  • Instant messaging
  • Newsgroups
  • Online shopping and order tracking
  • Online office suites
  • Online banking
  • Teleconferencing
  • Electronic tickets

An interesting fact: Michael Aldrich invented on-line shopping in 1979.

Ralph Lauren’s e-commerce site is a good example of how to engage users. Through the online “luxury lifestyle” RL Magazine, consumers are invited to regularly revisit the site to learn about fashion, art, sports, healthy diets, and business—facilitating brand attachments and associations that go beyond the core product. Corporate performance reflects the success of the e-commerce site: The firm’s Tobin’s Q increased from 1.6 in 2003 to 2.6 in 2006, and its stock price more than tripled from 2003 to 2007. Their use of Information Systems is extremely good and well prepared by system analysts. You can visit their website at www.ralphlauren.com and choose the UK store locator.

I highly recommend watching this great video from the National Retail Federation’s (NRF) Big Show in Manhattan. A lot of great talk about strategy and IS tools available in retail sector such as ‘Business Analyst On-line’ system (starts at 4:13 min):

Have a good week followers !!! Thank you xo

Sources:

Instructor Cathal Doyle

http://www.theatlantic.com/magazine/archive/1999/10/beyond-the-information-revolution/304658/

Eisingerich, Andreas B.; Kretschmer, Tobias (2008). “In E-Commerce, More is More”. Harvard Business – http://hbr.org/2008/03/in-e-commerce-more-is-more/ar/1

http://www.businessdictionary.com/definition/information-revolution.html#ixzz2MgmBxc3O

Ralph Lauren

12 Responses to “Information Revolution | E-commerce”

  1. sad112567137 March 5, 2013 at 7:01 pm #

    brilliant blog!🙂 you spoke about different applications related to e-commerce, I was wondering if you could explain what a newsgroup is?🙂

    • sad112712305 March 6, 2013 at 6:00 pm #

      A Usenet newsgroup is a repository usually within the Usenet system, for messages posted from many users in different locations. The term may be confusing, so I’m not surprised that you have asked me for it. It is basically a discussion group. Newsgroups are technically distinct from, but functionally similar to discussion forums on the World Wide Web. Newsreader software is used to read newsgroups🙂 I hope it helps. Thank you for your question sad112567137 !

  2. sad111419882 March 5, 2013 at 8:38 pm #

    brilliant, as an obcessed online shopper I found this very interesting

    • sad112712305 March 6, 2013 at 6:02 pm #

      Nice to hear ! Thank you🙂

  3. sad112759089 March 6, 2013 at 2:40 pm #

    Really enjoyed following your blogs! E-Commerce has become huge over the last few years! I really wouldn’t know what to do without on-line shopping. As I mentioned in one of my blogs we really do rely on Information systems a lot. Overall your blogs provide a lot of useful material on What an Information System is!!

    • sad112712305 March 6, 2013 at 6:06 pm #

      Thank you very much! I read your blog about reliance on IS, and it is indeed true . Great input sad 112759089🙂

  4. sad112540853 March 6, 2013 at 5:54 pm #

    Brilliant blog and i am sorry to see that it is your last😦 You’re blogs have been so interesting and really relevant to what is happening in work places, etc. This was another interesting blog about E-Commerce and it was interesting to read as i would not be a great fan of on-line shopping but i know my friends love it😀 Thanks for all the great information and for keeping it relevant and interesting😀 5 Stars😀

    • sad112712305 March 6, 2013 at 6:08 pm #

      Thank you for your kind words and the 5 stars sad112540853 ! My pleasure🙂

  5. sad111302881 March 7, 2013 at 8:30 pm #

    Really enjoyed this blog, I found this topic interesting and easy to relate to as I use smart-phones, and e-commerce services like on-line banking, shopping, instant messaging and so on almost everyday. I liked the way you linked back to previous blogs and included ‘real life’ examples such as Ralph Lauren. Good job😉

    • sad112712305 March 8, 2013 at 2:50 pm #

      Thank you very much sad111302881 ! I just wish more people would use them, as it really saves our time and money🙂

  6. sad111548123 March 9, 2013 at 12:31 am #

    Fantastic blog to finish on and great examples used!

    • sad112712305 March 9, 2013 at 4:37 pm #

      Thank you very much !

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