he Platform Economy

See Work-in-the-Digital-Age-1.pdf pages 163-174

A platform is a business that connects people through technology, making an
ecosystem
that allows value to be created and exchanged. This works by matching users to
each other in
order to make financial or social transactions that create value.
Platforms don’t own the resources that create value, they can grow much faster than
pipeline businesses. These businesses make up a platform-based economy. Some
key features
of a platform will include:
●
Using sophisticated logistics software for matching and payment
●
Providers on the platforms are independent contractors
●
Very low barriers to entry for providers on most platforms
●
Trust is achieved via crowdsourcing of ratings and reputational data.
While there are innumerable positives that can be drawn from these Game
Changing Technologies, it is imperative that we also take a look at the
adverse
effects that these technologies cause.
Like many other things, there are always two sides of the story. On one end,
productivity numbers received a massive boost thanks to new technologies.
On
the other end, there is a question of whether the same numbers are not telling
the
whole story.
While new technologies, even new applications being downloaded, have
made an
impact, some of them have caused other people to rely too much on
technology
and not develop their own skills anymore. Technology, in some ways, has
become
workers of our time instead of serving as a tool to help us.
Quite possibly, the worst effect of it is the accessibility of such technologies.
With
only a fraction of the people in the world having the chance to know how to
take
advantage of these new technologies, what happens to those who are not as
fortunate?
It matters that we look into all the effects of technology. It is only through
looking
at the other side that we can actually discover how to improve what we
currently
have and develop new technologies that would benefit everyone.13
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Platform Model
The platform model shows three (03) components:
●
platform - controller of the channel or platform and arbiter of the participants in the
platform
●
consumers/customers - buyers or users of the outputs offered through the platform
●
producers/providers - supplier of the outputs sold through the platform
References
●
NEUFEIND, M., RANFT, F., AND O’REILLY, J. (2018) Work in the Digital Age:
Challenges
of the Fourth Industrial Revolution. Rowman & Littlefield International Ltd
●
The Open University (2016). Information Technology: a new era. Walton Hall, Milton
Keynes, MK7 6AA. https://www.open.edu/openlearn/people-politics-law/politics-policy
people/ sociology/information-technology-new-era/content-section-1
GRADED Activity 1
Part 1: Unit 1(10 pts)
1.
What do technologies look like when they are still being discovered?
2.
How did the life of people change back then?
3.
Are we going through a similar change right now?
4.
What’s in store for the future?
5.
Have we actually progressed as a result of the technologies that we have discovered
throughout time? Explain in 2-3 sentences.
Part 2: Unit 1(10 pts)
1. Which technology of the past do you think had the most impact in the way of life of
people
today? Discuss in 3-5 sentences.2. Did new technologies help in making humans
more productive or have these caused a
decrease in the efficiency of work of people? Explain your answer in 3-5 sentences.
Part 3: Unit 2(15 pts)
What do you think is the way forward with the Game Changing Technologies that we
currently have? What are its flaws, and how can these be improved further? Explain
your answer
in 8-10 sentences.
Part 4 (25 pts)
Take the Quiz on Lesson 02 Assessment
MODULE 2
Unit 3: Systems Analysis and Design
See video Lesson03InformationSystems.mp4
LESSON OBJECTIVES:
1. Discuss the impact of information technology on business strategy and success.
2. Define an information system and its components.
3. Explain how profiles and models can represent business functions and operations.
4. Explain how the Internet has affected business strategies and relationships.
5. Identify various types of information systems and explain who uses them.
Going over the technologies in the past and how it has evolved to the technologies
we
have in the present gave us an idea of what is possible in the future. It is with the
creativity and
ingenuity of us, human beings, that we are able to make sense of technological
developments
and turn them into productivity boosting tools.
But technologies are not developed to match exactly what every person needs. After
all,
each person has something different to do and to work on. It is thus important for
these
technologies to be transformed into something that is geared towards making every
person
productive despite the difference in their needs. Technologies are being specialized.
So how
exactly does these technologies work?
14
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transmitting in any form or by any
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Companies use information as a weapon in the battle to increase productivity, deliver
quality products and services, maintain customer loyalty, and make sound decisions.
Information
technology can mean the difference between success and failure. Information
technology (IT) is
the application of a combination of hardware and software used to retrieve, store,
transmit and
manipulate data, often in the context of a business or other enterprise.
Data are facts that are recorded and stored. Information is processed data used in
decision
making. The value of information is the benefit produced by the information minus the
cost of
producing it.
A System is a set of two or more interrelated components interacting to achieve a
goal.
Information Systems
●
Set of interrelated components
●
Collect, process, store, and distribute information
●
Support decision making, coordination, and control
●
May also help analyze problems, visualize complex subjects and create new
products
Information System Components
●
Hardware – tangible aspect of a computer system
●
Software – programs and other operating information used by a computer (systems,
application, enterprise, horizontal system, vertical systems, legacy systems)
●
Data - is the raw material that an information system transforms into useful
information
●
Processes - describes the tasks and business functions that users, managers, and IT
staff
members perform to achieve specific results. Processes are the building blocks of an
information system because they represent actual day-to-day business operations.
16
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