SUMMARY OF THE NEW INFORMATION INDUSTRY

NAME: IS-HAQ  IBRAHIM
REG. NO : MIM/EDUC/3720/2009/2010
COURSE: LIBS883- ONLINE INFORMATION INDUSTRY
SUMMARY OF THE NEW INFORMATION INDUSTRY
The new information grows fairly consistently like a portfolio of securities because it is made up of different segments. The industry has been organized on the bases of information forms, companies within the industry tended to focus in business opportunities related to a single form of information such as, voice text, image, audios/videos or data.
The digital electronics has been the dominant technology for every existing information base business, a  realignment broader information industry has become inevitable.
It is mandatory for information industries to learn how to operate on a global scale, partners with others, create break through service.
There is certainly every indication that in the next ten to fifteen years, the world will undergo one of histories greatest technological transformation as the information.  “ mega- industry” undergoes a rapid and fundamental transformation.
The information industry is today characterized by significant waste of economic and ecological resources, in adequate matching of information, content with the needs of the recipient, severe time and place constraint on the information access and availability, cumbersome and expensive, physical infrastructure for information distribution and in efficient information distribution.
The writer explain s the composition of the information industry as content( creation and collection), display(devices), store(memory devices), process(applications), distribution(transport).
The structural transformation of the information industry have become inevitable in the sense a critical core competence for most companies is a mastery of the enabling technologies that help them to create, produce and distribute their product and services.
The underline principle of vertical integration of these industries around the form of the content was logical.
The impact of the information industry will be pervasive through out other industries, given the extent to which the transformation has commended evidence is the fact that Americans now spend over a trillion dollars a year on information related goods and services.
Comment
it is important to consider the overall value chain in the information industry, it is growing competitiveness between organizations has become evident.
The information industry is suppose to help organizations to recognized improved competitive advantage within the industry it resides and generate superior performance at greater value.
the information industry is increasingly entering a period of constant change, there will be a bright future for the industry once the information professionals are prepared and capable to add value to the process, but as long as information professionals keep to the attitude that “this information and communication technology (ICT) stuff is not really over thing” the future effort of information transformation is bound to fail.