Library+-+Economics+of+Information+Systems

Economics of Information Systems Library 70-451 Library > Economics of Information Systems Library

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__Entry template:__

 * Title**: << title of the article, book, video, etc. >>
 * Author(s)**: << the author(s) who wrote the article, video, book, etc. >>
 * Link or reference information**: << the URL to the article and/or bibliography reference >>
 * Core ideas** (1, 2, or 3 bullet points that summarize the core idea presented in the article):
 * Commentary**:


 * Entry history**:
 * [Bob Monroe, initial post on Oct. 1, 2011]
 * [<>, < >]


 * Title**: An Economic View of Information Systems
 * Author(s)**: Krishnan S. Anand
 * Link or reference information**: http://faculty.haas.berkeley.edu/hender/an%20economic%20view%20of%20information%20systems.pdf


 * Core ideas**:
 * Information Technology is causing the largest transformation in the economy since the industrial revolution.
 * The information revolution driven by the improvements in Information Technology and Information Systems decreased the cost of activities and enables real-time deployment of activities.
 * As the value of information systems has increased, so is the investment of firms in these projects.

The author of the article talks about the effect of information technology on the economy and emphasizes its great contribution to the rapid growth in the market. What is really interesting in the article is that you can notice that as the economy grows and firms start making money, the investment on Information Systems increase. Many firms are realizing that Information Systems can be used from a strategic view, and therefore invest more. Today companies invest millions of dollars especially on ERP systems because of the significant profits that comes from such an investment. More importantly, thanks to information technology the cost of exchanging information has decreased making industries such as Securities, Stocks and Treasuries very profitable.
 * Commentary**:

[Mohammed Kamal, initial post on Oct. 17, 2011]
 * Entry history**:


 * Title:** <>


 * Author(s):** << Terrence Hendershott, Andrew. B. Whinston >>

<< [|http://books.google.com/books?id=RHlJR9ivoc4C&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false] >>
 * Link or reference information:**


 * Core ideas:**
 * Research and the line of strategies is very important into determining information systems.
 * The costs of organizational adoption and behavior.
 * Cross country differences in the speed of technology.
 * How does economical differences influence the development of an information system.


 * Commentary:** The author is essentially deriving the reasons behind a management information system and how well it reacts in different economical situations. There is a key relationship between economic conditions/barriers and a better reliable managerial resource. It also enlightens us with an interesting debate about costs and benefits to a much enhanced information system. Furthermore, how different economies play a role in the development and spread of a specific technology. Its kind of interesting how the author related the costs and economical structures of an economy to the development sector. I believe in highly privatized economies, technology is one thing that always progresses and is known to provide economies of scales. However in a much controlled and planned economy things get a bit different as now even the technology is under limits to the public. Last but not the least, I would assert that any technological boom wouldn't have a positive effect on an economy and an economist's view should be critical as it always considers the future of the scenario.


 * Entry history:**
 * [**MUGHEES AHMED**, initial post on Oct. 19, 2011]
 * [<>, < >]

[]
 * Title**: Researching The Cost of Information Systems
 * Author(s)**: Lawrence A. West, JR
 * Link or reference information**:

This article explore the use of economies of scale in the construction of Information Systems.The author uses economic theory in finding transaction attributes that contribute to scale economies and then information systems is seperated into different componets.Each component is analyzed according to the sources of scale economy and the final analysis finds that each component possesses at least some potential for realizing scale economies and that some components may realize very large per-unit cost savings as scale of system use or capability is expanded.
 * Core ideas**
 * Scale Economies in the construction of information Systems
 * Outsoursing vs cost and benefit
 * The impact of IS acquisitions
 * Commentary**:

[Jim Briggs. Oct. 20, 2011]
 * Entry history**:


 * Title**: Moore's Law
 * Author(s)**:From Wikipedia
 * Link or reference information**: [|http://en.wikipedia.org/wiki/Moore's_law]
 * Core ideas**
 * Describes how transistor density is doubling every year.
 * Moore's Law is referenced to have a driving impact on improving speed, quality and memory capacity of systems.
 * History and thinker behind Moore's Law.
 * Article lists other types of laws that are similar to Moore's Law


 * Commentary**:

Moore’s Law states that the number of transistors per square inch on integrated circuts is doubling every year. This article discussess Moore’s law as an observation that had gained acceptance in the world of information technology. It was a driving force to computer engineering firms to increase its processesing power before any competitors would. It has also been related with the similar pattern of growth for size, cost, speed and density of compenents. The article also discusses other laws that have sprung from observing other technologies like hard disk storage cost per unit of infomraitn and pixels per dollar. [Hind Al Khulaifi. Oct. 31, 2011]
 * Entry history**:

[] This video talks about how IT is re-shaping the economy. Firstly it talks about how IT investments are changing business processes and balance sheets, this is creating real intangible assets. since they don't show up on balance sheets per se but they do however show up if you look at productivity and performance. It then focuses on IT's role in driving economic short run as well as long run growth, for example how the US has grown faster than Japan and other countries because they have adopted IT strategies and invested in IT, that has lead to lead in productivity. And finally it talks about how IT has improved workers, so instead of just improving the business it has increased employee satisfaction making it a win-win scenario
 * Title**: Information Technology Drives Economic Growth
 * Author(s)**: Broadband4us
 * Link or reference information**:
 * Core ideas**
 * IT investments are changing business processes and balance sheet
 * IT is driving economic short run as well as long run growth.
 * IT is causing employee satisfaction benefiting both the company and workers
 * Commentary**:


 * Entry history**:
 * [Khadeejah Al-Husseiny, initial post on Dec 12, 2011]
 * [<>, < >]


 * Title**: <>
 * Author(s)**: << Peter Nowak >>
 * Link or reference information**: <>
 * Core ideas**:
 * A currency-less world begins at Starbucks
 * Payment occurs via a mobile app on iPhone, Android and Blackberry in the USA, but only on iPhone for now in Canada
 * When will Starbucks start with mobile app pre-order? Their lineups are frustrating
 * Although not confirmed, but it appears that soon, you will be able to buy you Starbucks coffee currency-less all around the world

This article might seem like it belongs in the Emerging Information systems, but it really belongs here, because this currency-less payment is going to change the way we have been doing trade since people started trading for gold instead of objects.I mean, yes we use credit cards and so on, but with credit cards you deal with the bank who deals with the money, which is a close relationship. But with the phone application payments, that relationship, the one tying you to the thing your trading, its getting further, and i just find that to be a mix of awkwardness and a sense of growth.
 * Commentary**:


 * Entry history**:
 * [Laura Jaber, initial post on Dec. 13, 2011]
 * [<>, < >]

Title: Tighter Budget, Canny Spending Author(s): Credant Technologies. Link or reference information: http://www.credant.com/resources/articles.html?start=5

Core ideas:

• The author gave ways in which organizations can cut off their IT costs by learning from others expensive mistakes, and he gave an example of how some companies provided laptops for their employees instead of desktop computers and that costed them a lot, and provided loss as their employees started to take their laptops to their homes and forget about their work. • The author explained that companies should follow a cost saving strategies in which they can specify their costs and cut off some of them. • The author explained that it is essential to follow an encryption strategy in which they can protect their data and secure their information.

Commentary:

organizations should seek ways to diminish their cost of IT and information system by different ways like; learning from other companies bad experiences in spending a lot of money in IT, and to put a cost saving strategy in which they can find ways to cut off their costs in an effective way. Also, using encryption is a modern and effective way to save organizations' data from being lost or stolen.

Entry history: • [Haya Al-Mannai, initial post on Dec. 13, 2011] • [<>, < >]

http://books.google.com.qa/books?id=TlQCvdWQkfEC&pg=PA65&lpg=PA65&dq=return+on+investment+information+systems&source=bl&ots=t5KYcVUiVv&sig=alcFhAUaQn7fCph0LTj4VZeZmOk&hl=en&ei=xSLoTuLWNaLg0QGh7cTUCQ&sa=X&oi=book_result&ct=result&redir_esc=y#v=onepage&q=return%20on%20investment%20information%20systems&f=false
 * Title**: Principles of Information Systems
 * Author(s)**: Ralph M. Stair, George Reynolds
 * Link or reference information**:
 * Core ideas**:
 * The Return On Investment is the most important factor for a company when deciding whether to invest or not.
 * Many vendors have started offering ROI calculators for potential customers.
 * Other factors that should be considered by companies are the Total Cost of Ownership, the impact on customer awareness and the risk associated with the investment

This book, which offers general information on information systems, describes some of the economic aspects that are central to companies' decisions to invest in information systems. The highlighted section deals with the importance of the Return On Investment as a tool when determining the rentability of information systems. As the ROI is the central indicator for most companies, many IS vendors even offer ROI calculators offering predictions regarding the outcome of utilizing the information system in question.
 * Commentary**:


 * Entry history**:
 * [Patrick Steinhagen, initial post on Dec. 13, 2011]
 * [<>, < >]