This website uses cookies to ensure you have the best experience. Learn more

The Exchange Of Information Essay

2036 words - 8 pages

The Exchange of Information

The Internet is a telecommunications superhighway, a collective data of information for corporations, government institutions, private individuals, and universities. This branch of roads leads into nearly every corner of the globe. The superhighway, picks up potential travelers from far away places, exotic destinations, and interesting people. The internet can transport you from one major destination to another quickly, then it also can detour you into a leisurely exploration. Like a superhighway, the internet carries holiday and family traffic. Also traveling are both people who know precisely where they are going and those who are wandering. Government, educational, and business institution are also frequent travelers of the internet. In brief, the internet is an open road for anyone interested in a journey or for users who need a quick shortcut across the country.

Information and communication are the main resource pools for the internet. The internet provides information, the raw data for which we need knowledge to decode or understand. Looking at the internet as a source of information leads us to ask if this information is a commodity. According to Webster's Dictionary, a commodity is an article of trade or commerce which holds a value and use, especially a product distinguished from a service, like the internet. The internet provides wide variety of information to enhance our knowledge. This information matches this description of commodity because of the benefits being exchanged through this modern technology. Therefore, the internet represents the commodification of information through the commercial, private, and government sector of our economy.

To fully understand the significance and nature of the internet, we must first, take a look at the background and history of the internet. Laurence Canter and Martha Siegel, the authors of How to make a Fortune on the Information Superhighway, explain that the internet was created in 1969 by a branch of the federal government's Department of Defense. The original network, called ARPAnet (Advanced Research Projects Agency) was created by the government for military purposes. This network system was a way to find out how to build persistent networks that could withstand the wages of war. The users experimented with this form of networking as a way to transfer data. The military project was to design the Internet Protocol the network system in which two computers, a client and a server, can communicate. "As it evolved over the first few years, this electronic highway was aimed at providing a pipeline for electronic mail services and on-line libraries for universities and government agencies"(Canter and Siegel 34-36). Laurence also states, ³In the beginning, the internet was like a strain of bacteria that was alive and healthy but which lacked the medium it needed to multiply² (Canter and Siegel 20). Up until 1981, there were 213 computers registered on...

Find Another Essay On The Exchange of Information

The Evil of Information Essay

1745 words - 7 pages ratings, the media takes the facts and turns them in sensationalist conspiracies. This use of drama and sensationalizing news makes the news companies an evil to a just person looking for accurate information. Similarly, the Washington Post recently published an article that accused the United States for a lack of knowledge on Russian affair: “This then lead to Russia being given the wrong view: When that time arrives, who in American universities

A Short History of the Worlds Exchange Rate Systems

2898 words - 12 pages discussion on this topic is an understanding of certain classical and neo-classical analytical frameworks. Therefore section one will briefly present and explain the logic of Hume's Mechanism and the 'Impossible Trinity.' Section Two outlines a chronological history of various exchange rate mechanisms along with their corresponding successes and failures. Section three draws parallels between the Gold Standard and the European Monetary Union and

Managing the flow of information

1096 words - 4 pages major challenge facing organizations. Today, one enjoys the convenience of technological devices such as cell phones, computers, and faxes, which allow us to be globally connected within seconds. According to Sarah Fenson communication is, "an exchange or communion with another...communion demands that we listen and speak skillfully, not just talk mindlessly" (Fenson, 2000). We make the mistake that much talking equals much communication and that is

The Importance of Information Literacy

1207 words - 5 pages ). Information literacy is conceivably the foundation for learning in contemporary environment of continuous technological change. As information and communication technologies develop rapidly, and the information environment becomes increasingly complex, educators are recognizing the need for learners to engage with the information environment as part of their formal learning processes (Kenney, 2007). Information literacy is critically

The Lasting Effects of the Columbian Exchange During the Age of Discovery

1869 words - 7 pages The Lasting Effects of the Columbian Exchange During the Age of Discovery It should no longer come as any great surprise that Columbus was not the first to discover the Americas--Carthaginians, Vikings, and even St. Brendan may have set foot on the Western Hemisphere long before Columbus crossed the Atlantic. But none of these incidental contacts made the impact that Columbus did. Columbus and company were bound to bring more than the

Good Information, Difference Between Information And Knowledge, How This Information Serves The Information Needs Of The Organisation

1490 words - 6 pages Using an example from your work, identify the characteristics of good information. You should also use this example to illustrate the difference between information and knowledge.Outline how this information is transformed to serve the information needs of the three levels within your organisation.Information Technology is about combining the best technology available (subject to an organisation's budgetary, technical, human and other resources

The Importance of the Chief Information Officer

1691 words - 7 pages The Chief Information Officer is also known by the title Information Technology Director. According to the US Department of Labor, “Chief Information Officers are responsible for the overall technological direction of their organizations.” (bls.gov). Contained within their various functions the Chief Information Officer has the ability to conduct the hiring of Information Technology professionals and other support personnel that can ably assist

Analyze the Determinants of the GBP Nominal Exchange Rate and Its Future Prospective

1320 words - 5 pages , this survey also reveals that the price sterling to dollar has risen steadily between1.45 and 1.55 since last month. So, what causes the fluctuation of the GBP nominal exchange rate has provoked a heated discussion. The purpose of this essay is to explore the determinants of sterling nominal exchange rate and forecast its future trend. Firstly, it will give definition of nominal exchange rate compared to real exchange rate. Secondly, three factors

Comparison of the Social Exchange Theory and the Symbolic Interaction Theory

2133 words - 9 pages The theory I originally chose to critique was the Social Exchange and Rational Choice framework from our class book. I chose this theory because when we talked about it in class it made a lot of sense to me. Its propositions and foundations are very applicable to many situations, and I felt like I had a good grasp of its concepts and structure. However, in doing research for this paper, I discovered that contrary to what our book led me to

Currency and Interest Rate Swap: A Case Study of the Australian Foreign Exchange Market

3038 words - 12 pages information from the potential respondents). The statistical technique used was the data analysis of the profit realization of the business organizations operating on the international front. This therefore has an insinuation that the use of the samples from the various firms to make a quantifiable analysis in order to make the necessary recommendations as far as the pricing of long-term forward exchange contracts are concerned. This technique was

The Responsibilities of Providing Information in Nursing

1700 words - 7 pages According to the Merriam-Webster, learning is defined as: the activity or process of gaining knowledge or skill by studying, practicing, being taught, or experiencing something (Merriam-Webster, 2013). This is a very generic explanation for a complex and involved concept that typically involves a two way exchange: the key participants being the recipient of the information and the individual or group that is providing the information. Both

Similar Essays

The Columbian Exchange Of Horses Essay

772 words - 4 pages The Colombian exchange was the exchange of products and ideas that led to the transformation of the world. One product of the Colombian Exchange during the period of 1450-1750 was the horse. Horses were introduced to the Americas by the Spanish. Politically, horses aided in the conquest of land by instilling fear upon their opponents. Socially, horses became the most effective form of transportation that allowed society to cover more land at a

A Review Of The Columbian Exchange

1453 words - 6 pages European flora and fauna had on the New World, changing the Americas forever. The Columbian Exchange would be an excellent book for any historian, but not someone looking for a great story. The book was very hard to follow due to the amount of information given in each chapter. Choosing which information was most important in Crosby's book, was a very difficult task. Crosby also had a tendency to deviate from the subject matter and does not always

The Economics Of Information Essay

1379 words - 6 pages Various Aspects of Economics of Information 3.1 Economics of information in Education According to Farid (2007), economics of information is based on the concept that quality information is a scarce and valuable resource. The production and dissemination of information in education constitute two major economic activities, with associated costs and benefits. The value of information depends on its degree of accuracy, completeness

The Theme Of Exchange In Shakespeare's The Merchant Of Venice

1246 words - 5 pages of Shakespeare fascinated the Elizabethans, as it was commercially hospitable to people from all parts of the world, for instance Greeks, Jews and Protestants. Venice itself was Catholic city and politically independent. A place of great beauty, luxury and it was extremely artistic. The city was also a trading centre of great importance, a marketplace of commerce. Therefore, we can relate the theme of exchange with commerce, because commerce