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.
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
- Online shopping and order tracking
- Online office suites
- Online banking
- 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
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