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IIMT 2601/BUSI1003Digital Economy (I)

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IT Doesnt Matter A Recap

Yes, it doesnt matter

1. As IT becomes ubiquitous, they become commodities

2. The only meaningful advantage most companies can get from IT is cost advantage

3. That IT success is highly replicable as from off-the-shelf software

No, it matters

1. New hardware always come up

2. Synergy of divisions creates advantages

3. Customized applications help understand analytics and create business intelligence

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The Future Market I

What Do You Think???

The Future Market II

The Future Market.flvThe Future Market.flvThat is how we will shop within a couple of years!.flvThat is how we will shop within a couple of years!.flv

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A Brief History of IT/Computer So Much and So Fast

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http://www.youtube.com/watch?v=ETVAlcMXitk

http://www.youtube.com/watch?v=ETVAlcMXitkhttp://www.youtube.com/watch?v=ETVAlcMXitk

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Revolution in Evolution

Computers really took off with the invention of micro-processors (from ICs, integrated circuits) by Intel and PCs (personal computers) by Atari, then Apple, which was around 1970s

The Journey to 1 billion PCs

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Some Big and Important Trends

Moores Law (1965)

Gordon Moore (Intels Founder)

# of transistors on a chip doubles every 18/24 months

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Information Technology and Information Revolution

Technology progresses at a fast pace that any of us at any point in time cannot imagine For the last 20 years, the power of PC has

increased by more than 10 thousand times

Yet, price has dropped very significantly

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IT Revolution in Perspective

If cars had developed as fast as PCs for the last 20 years, we could buy a Rolls-Royce at $_______ (vs USD320,000) and it could run _____________Km with 1 liter of gas. (Jeffrey Rayport, Harvard Business School)

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2.75

2,000,000

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Some Implications

Faster computers, more sophisticated software, more fancy games and interfaces, more sophisticated graphics with excellent sound quality

Convenience becomes the norm, rather than something extra Everyone expects fast check-outs at supermarkets

No more searching for coins in front of vending machines, for taking a bus, MTR, etc.

More online shopping and door-to-door deliveries

More e-banking, e-pay, e-channel, e-crimes, e-everything

Can or how businesses accommodate these demands unlimitedly, especially when we are living in todays Internet world?

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Born for the Internet ???!!!

https://www.youtube.com/watch?v=vvrnG2Gn-pg

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https://www.youtube.com/watch?v=vvrnG2Gn-pghttps://www.youtube.com/watch?v=vvrnG2Gn-pg

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Video for Thought

Bank of the Future Teaching at Harvard Law School

What Do You Think???

Bank of the Future.flvBank of the Future.flvHarvard Law School Teaching in Second Life.flvHarvard Law School Teaching in Second Life.flv