Chapter 1, Problem 1RQ

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Information system provides a new way in business:

• Information system including computers, mobile handled and digital mobile devices are become the essential part of business nowadays.
• Using information system one can improve the client side relationship...

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Three major trends of information system:

• The new part of information system includes the big data, digital platform and cloud computing.
  • Big data is used to analyse, process and exact the knowledgeable information from the complex and large sets of data.
  • Today digital platforms are used to establish the end-to-end business between client and the provider...

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Digital firm characteristics:

• Digital firm is organization or company in which they are establishing their business.
• The core business process accomplished by digital networks which also leads to significant relationship with employers, customers, and suppliers...

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Challenges in Globalization:

• Providing service in business become a challenge when it comes to globalization.
• Marketing for less expensive goods leads to decrease in revenue.
• Employers need to update themselves based on the technology their use...

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Six reasons to prove information systems are important:

• Customer and supplier intimacy.
  • Through communication the customer and supplier intimacy can be improved.
• New business models, products and services.
  • Using business tools and information system one can create their new business models, products and provide new services.
• Decision making
  • Decision making became easier because availability of data are increased...