Information Management

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and onto the desks of millions more. So, in this part, I will discuss the advantage that information technology brings to our work and analyses it in-depth. Last but not least, as technology continues to develop, I also give the opportunities and threats for our businesses in the coming Internet age and how we can achieve information advantage. Most managers acknowledge IT will be one of the main factors that affect the companies' performance and moreover, the stakeholders' wealth.
1. History of IT industry: Whirlwind of change
Nothing epitomises modern life better than the IT does. For better or worse, IT have infiltrated every aspect of our society. Today computers do much more than simply
compute: supermarket scanners calculate our grocery bill while keeping store inventory; computerised telephone switching centres play traffic cop to millions of calls and keep lines of communication untangled; and automatic teller machines (ATM) let us conduct banking transactions from ...

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all the components we associate with the modern day computer: printers, tape storage, disk storage, memory, operating systems, and stored programs. One important example was the IBM 1401, which was universally accepted throughout industry, and is considered by many to be the Model T of the computer
industry. By 1965, most large business routinely processed financial information using second generation computers.
In the 1960s, significant advances in data communications character coding resulted in the development of 8-Bit characters. In 1962, IBM created and promoted, a coding standard known as Extended Binary-Coded-Decimal Interchange Code or EBCDIC for short. This coding scheme ...

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