Describe five technology and business trends that have enhanced the role of information systems in today‘s competitive business environment.

Describe five technology and business trends that have enhanced the role of
information systems in today‘s competitive business environment.

Answers

Electronic market systems are allowing businesses to take advantage of technology to create new methods of buying and selling. For a while it seemed as though the middleman was going out of business because of the new direct connections between customers and merchants. While this is true in some industries, new opportunities are springing up for the middleman in other areas. We'll look at this issue in more detail later.

Transformation of the Business Enterprise
You can't help but know about all the job cuts occurring in our country. It seems like every week we hear about thousands and thousands of people losing their jobs. Back in the 1980s most of the job losses were in the blue-collar sector. In the 1990s it seems many of the cuts were made in the white-collar, management jobs. Why? Think about it. Technology, to a large extent, has driven organizations to change the way they operate and that includes the way they manage. We're going to take an in-depth look at how organizations work and how they've been transformed by technology.

Globalization
Next time you purchase a product, any product, look at the fine print and see where it's made. It could be China, or the Philippines, or a South American company, or even in the United States.
You can disagree with the fact that many manufacturing jobs are being moved from the U.S. to
foreign countries. But look at the vast number of jobs that are being created in this country. Maybe they aren't the traditional factory jobs we're used to. In fact, many of our new jobs are in the information industry.

Rise of the Information Economy
In a knowledge- and information-based economy, knowledge and information are key ingredients in creating wealth. Think back to the early 1900s when the horse and buggy were the main form of transportation. Along came a guy named Ford who built a whole new industry
around the automobile. Many jobs, such as horse groomers, horse shoers, and buggy
manufacturers, were lost forever. Now think about all the new jobs that were created — not just in the factories, but all the other businesses associated with the car. The people in the horse and buggy industry adapted, retrained for the new jobs, and the whole country changed. The same thing is happening now with the information industry. Many of the new jobs that are being created have better working conditions, better pay, and more advantages than the old jobs had. You just have to be equipped to take advantage of the situation. You have to take advantage of retraining opportunities. You have to gain the skills necessary for the transformation of the industries that have been a mainstay of this country.

NatalieR answered the question on June 14, 2022 at 10:06

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Describe five technology and business trends that have enhanced the role of information systems in today‘s competitive business environment.

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