Session-2 - BMGT 301 INTRODUCTION TO INFORMATION SYSTEMS...

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BMGT 301 INTRODUCTION TO INFORMATION SYSTEMS Prof. Siva Viswanathan Information Goods Information Goods What are Digital/Information Goods? What are Digital/Information Goods?
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Information Goods Information Goods Information and Entertainment Products • Newspapers, magazines, journals, books,. . • Product specs., training manuals, … • Graphics, photographs, maps, posters, …. • Audio, videos, TV programs, movies,… Symbols, Tokens and Concepts • Tickets and reservations – airlines, hotels, concerts,. . • Financial Instruments – Checks, credit cards,. . Processes and Services • Tax forms, telephone calls, remote education, telemedicine, . .
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Information Goods Information Goods A newly invented machine is patented and the patent is licensed to a company that plans to build and sell the machine. •A new edition of a travel guide is published • A financial advisor offers her clients advice about profitable investments • An investor consults a Web site for values of leading economic indicators . • A collection of great paintings is put on a CD-ROM and sold by a software firm. What is a Digital/Information Good? What is a Digital/Information Good? A digital/information good is a collection of symbols! Its utility depends on the arrangement of the symbols, NOT on the material form that they take.
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Information Goods Information Goods Digital Goods Physical Goods Impact of New Technologies Move towards Hybrid Digital/Information Products? •Smart Cars
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Session-2 - BMGT 301 INTRODUCTION TO INFORMATION SYSTEMS...

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