INFORMATION SYSTEM OF THE ECONOMY IN THE ERA OF INFORMATION Cover Image

O informačnom systéme ekonomiky informačnej éry
INFORMATION SYSTEM OF THE ECONOMY IN THE ERA OF INFORMATION

Author(s): Ignác Rendek
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV

Summary/Abstract: The paper deals with the most dynamic element in the process of transfer to the eco-nomy of the information era – information technologies. One ascribes to these tech-nologies the key role at the implementation of high efficiency not attainable by other means. This efficiency justifies calling this economy as „new economy“. The author analyses weak spots of the information system implemented by the clas-sic economy (the author defines it as the economy of pre-computer era) and indicates its four basic problem spheres, which will be surmounted by modern information technolo-gies. The first problem sphere is related to the link between supply and purchase relations (material flows). Modern enterprise cannot live day by day. Each enterprise of a certain size formulates its marketing plan (usually for a year) and secures its supply and pur-chase relations with other enterprises by contracting. The factor of imperfect informa-tion on the future causes imperfect relation links. One has to calculate with risk, addi-tional corrections etc. The author of this paper expects overcoming these negative aspects by means of the new economy’s information system, which will be able to ensure the linkage of material flows among enterprises during the phase of marketing planning already. The second problem sphere is linked with the price system. Prices as an inevitable instrument for the provision of maximum efficiency (optimisation) are in classic econ-omy influenced too by imperfect information on the future and are in addition deformed as a result of various protectionism practices, inadequate review on the market situation etc. The link of value (price) flows with material flows will become inevitable in the economy of the information era. The third problem sphere concerns the incomplete exploitation of the economy re-sources and the unemployment linked with it. Early interconnection of material and value flows will allow identifying in time the incomplete exploitation of resources and to transfer the economy output towards the potential product. The fourth problem sphere is the slowness of information processes in classic eco-nomy. Large speed of information processes is the key prerequisite for the solution of the three above mentioned problem spheres. Information system of the new economy naturally expects the utilisation of large speed and capacity of the modern information techniques. This, however, is not enough. The movement and processing of information in the new economy is of such enormous size, that to master them changes will be needed in the information system proper, aimed at a considerable reduction of processed information.

  • Issue Year: 49/2001
  • Issue No: 04
  • Page Range: 713-731
  • Page Count: 19
  • Language: Slovak