BTMA 317- Introduction to Information Systems Flashcards
What are the two ways that IT impacts industries?
1) Industries where software disrupted the previous market leading companies
2) Industries where a new company (or companies) used software to achieve a competitive advantage.
What are the 14 industries that are described in the book to have been disrupted by information systems / technology
- Books
- Music
- Video Games
- Agriculture
- AUtomobile
- Motion Picture
- Legal Profession
- Fashion Industry
- Financial
- Recruiting
- marketing
- Photography
- VIdeo
- Software
Describe how the book industry was affected by technology.
Amazon is one of the leading book sellers. Through the software it has digitized many of the books, and the book industry now has a competitor in the form of a digital format. While many still prefer the physical and e book sales are done, the future is uncertain.
Describe the impacts of technology and software on the music industry
Similar to the books the emergence of digital streaming sites like Spotify and Apple Music charge very low to allow its users to listen to music. While the profit on one streamed song is low, it still has a major impact.
Describe the impacts of the software and technology advancements on the video industry
Netflix became the dominant seller of the videos and movies , which used to be dominated by the Blockbuster. Due to the covid pandemic and advancements in tech we have been able to shift it all into a digital format.
Describe the impacts of software and tech advancements on the software industry
Incumbent software companies like Oracle and Microsoft are put at risk due to the Software as a Service like salesforce by Android and open source operating systems.
Describe the impacts of software and tech advancements on the video game industry
Video games are now being digitized by software providers like Zynga, Rovio, and Microsoft, abandoning the past physical copies.
Describe the impacts of software and tech advancements on the photography industry
Software disrupted this industry as it is now impossible to buy a phone without a camera, and photos can be automatically uploaded to the internet for permanent global sharing without the need to have physical copies. Dominated by Instagram, Shutterfly, Snapfish, and Flickr.
Describe the impacts of software and tech advancements on the marketing industry
The largest marketing companies are now digital and direct such as Google, Facebook, and Amazon getting rid of the traditional ways of marketing
Describe the impacts of software and tech advancements on the recruiting industry
Recruiting due to software has now also been formed into a digital format. Rather than actively seeking a place like LinkedIn can be used to find talent, and people can put their resume and experience on the form.
Describe the impacts of software and tech advancements on the financial industry
Now all financial transactions are done online because of software such as selling stocks and performing transactions.
What is FinTech
Merging of technology and financial services.
Describe the impacts of software and technology on the motion picture industry
In the motion picture industry places like Disney rely on an enormous amount of data, servers, software, and storage in making a computer generated film. They use 500,000files, 300 terabytes of data. There has been a major change in the way the industry functions as a whole.
Describe the impacts of software and technology on the automobile industry
Nowadays the advancements in software and technology has led to a change in the cars as software is responsible for running the engine, controlling safety features, entertaining passengers, guiding drivers and connecting the car to GPS and mobile devices. There are even devices that turn your car into a mobile hot spot, maximize fuel efficiency, ultrasonic sensors, allowing cars to parallel park.
Describe the impacts of software and technology on the agriculture industry
Software is now used for a satellite analysis of soils linked to per acre seed selection of software algorithms. The software can even be used for automated, driverless tractors controlled by GPS. Completely revolutionizing the way that agriculture is done in the world.
What is precision agriculture?
An approach to farm management that uses information technology to ensure that crops receive exactly what they need for optimum health and productivity.
Describe the impacts of software and technology on the fashion industry
Due to the new software and technology no longer do women have to borrow special occasion dresses from department stores. Now new software and technology like Rent the Runway has shifted the way that fashion works, by allowing consumers to rent the dress for a few days at a low cost, rather than dealing with the hassle of all the different areas and issues that they may face.
Describe the impacts of software and technology on the legal industry
Software like electronic discovery can analyze documents quicker than human lawyers at a fraction of a cost. In addition, there are Ai software like case text than can augment a lawyers ability.