SUMMARY OF THE NEW ONLINE INFORMATION

NAME: ABDULSALAM ADEIZA MOMOHJIMOH
REG NO: MIM/EDUC/4182/2009-2010
COURSE: LIBS 883 – ONLINE INFORMATION INDUSTRY
SUMMARY OF THE PAPER: THE NEW ONLINE INFORMATIOM INDUSRTY
This paper, critically gives an overview of the various technological advancement in information industry from inception to date. It also provides insight into the future and how it will be utilized for technological advancement and economic gains to the world in general.
Information industry was said to comprise of the following: collecting, creating, storage, processing, automation and display. This information was created and displayed in the following format: text, voice, image, video and audio which form collection of information called data.
The recent technology advancement leads to the reduction of the major industries from five (Voice, Text, Image, Audio/Video and Data) to three (Digital Content, Multimedia Devices and Convergent Networks). Of the three new industries, digital content is the most developed while entertainment and publishing industries will both dominate content delivery on a global scale.It is expected that, when the information industry realigns itself based on its capabilities, dominant players will be from entertainment, consumer electronic, personal computer and communication industries. Information Transport (which will succeed today’s Telecommunication Industry), public telephone networks, the internet, wireless networks, cable TV, broadcast media and private networks will be consolidated whereas consumer electronics companies and Personal Computer manufacturers will converge into the Information Appliances Industry.
The major players focus on the business side of information industry. The recent trend is digitalization of the various format of information. There has also being a transformation on the band used, which moved from the usual narrow band information transmitters to broadband information transmitters, that allows for mass communication and also less bandwidth cost with high speed.
The new technological advancement will lead to three major industries: industry involves with collection and creation of information, industries that deals with the manufacturing of variety of information appliances and industries that are responsible for transporting information as earlier highlighted.
MY COMMENT
This paper gives an insight to the transformation that took place in information industry. This transformation are majorly adopted and utilized by the developed countries like United State of America and it has help to transform their economy, while a lot of developing countries are still lagging behind and have a long way to go.
To be successful in the new online information industry, there must be proper planning and control measures in place that will allow for integration and convergence of ideas that can be adapted to the various hardware and software being produced.
It is also worthy of note that the country that invest so much on information technology and has good technical knowhow will have a better economy.
This paper has room for improvement and suitable references were not cited for reference purposes.