Hibah
Essentials of Management Information Systems
A continuing stream of information technology innovations is transforming the traditional business world. Examples include the emergence of cloud computing, the growth of a mobile digital business platform based on smartphones, tablet computers, and not least, the use of social networks by managers to achieve business objectives. Most of these changes have occurred in the last few years. These innovations are enabling entrepreneurs and innovative traditional firms to create new products and services, develop new business models, and transform the day-to-day conduct of business. In the process, some old businesses, even industries, are being destroyed while new businesses are springing up.
For instance, the emergence of online media and entertainment stores-driven by millions of consumers who prefer iPods and smartphones—has forever changed the older business model of distributing music on physical devices, such as records and CDs. Online video rentals are similarly transforming the old model of distributing films through theaters and then through DVD rentals. New high-speed broadband connections to the home have supported these two business changes.
E-commerce is back, generating over $310 billion in revenues in 2010, and estimated to grow to over $435 billion in 2015 at about 10% annually. Amazon's revenues grew 40 percent in 2010,
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