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Misunderstanding

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Identify 5 different IT systems that have affected business in the past five yeas and briefly not the following: 1. Name of system 2. 2. Area of business affected 3. 3. Changes the system brought to the business world. 4. What business processes changed because of this system 5. Likely future affects of the system

1. Skype is a new system that allows conferencing and video conferencing which is just as effective with business meetings as it is when communicating with family and friends. By using Skype the business world is able to save thousands of dollars on things like travel expenses because they are able to do meetings in what amounts to the face to face situation that several meetings require. I have used Skype for both professional and business purposes and find it very effective. It brings more to the business world when you are able to view your co-workers while speaking to them. In the future, I believe that this will continue to grow in usage as well as in recreational use and will lead to better and more secure communications.

2. E-commerce allows businesses and individuals to utilize smart phones and computers to trade commodities and stocks any where that they have access to the internet. Instead of having to go to the office and log in at work, people can now pick up their smart phone or lap top in the middle of a meeting to make an immediate investment. Quick access to investments allows companies the pleasure of not missing out on key investments due to limited time constraints and in the future, this will be heavily utilized and lead to other innovating stock market options.

3. Twitter allows instant messaging and passing of information at an almost “as happens” speed. During the Olympics and in various sporting events, people are now able to get “tweets” from individuals or companies that they are

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