The Rise of E-Business in the Music Industry (I like this topic Term Paper

The Rise of E-Business in the Music Industry (I like this topic because Im a Musician) - Term Paper ExampleManagement information systems store and organize data such that helpful analysis can be done on it for the betterment of the respective e-business company. 1. Introduction The advent of computers has caused an found on almost every walk of life. The technological advancement has created many opportunities in numerous fields, ranging from medicine to education, travel to business. The field of business has seen revolutionary changes that have made it more structured and accessible. The invention of e-commerce or e-business has given the organizations an excellent opportunity to access millions of consumers on the web. SearchCIO.com, (2010) explained that e-business can be defined as the take of business by means of the incorporation of technology it also refers to the buying or selling of products and work on the internet. E-business has made its place in a diverse range of areas for example, book stores, hotel booking, airline tickets, movies and practice of medicine etc. E-business has not only provided convenience to the consumer but it has also generated unseasoned avenues for the organizations to earn profits since it tends to contribute a greater market segment than the conventional mode of business. 2. Overview The 20th century witnessed the evolution of antithetical types of formats of practice of medicine. The long playing (LP) record albums were famous and adapted by people for many years. A gramophone was needed to play the records. Then, the practice of medicine lovers saw the advent of cassettes that could be played in comparatively little players. The size of the cassettes was smaller than the records wherefore it was considered to be more manageable by the people. Cassettes became the main source of tax for the music companies between the 1970s and 1990s. Later in 1990s, the invention of compact discs (CDs) improved the quality of music and became a new source of income for the music companies. The quality of sound improved with the invention of the CD therefore that technology started gaining more fame than cassettes. The advent of the 21st century brought an unexpected change for the music business. It was a new music format that did not depend on any physical device like a cassette or CD- MP3. MP3 format could be saved in any computing device thereby ever-changing conventional form of music to digital music. 3. Negative side of Digital Music The concept of digital music took a negative turn in 1999 when a young man named Shawn Fanning created the platform of Napster. harmonize to Greenfeld, Taylor and Thigpen (2000) Napster was a file sharing platform that allowed the users to share files amongst each other on the internet. Instant pass and search options were some of the features that allowed the users to find their desired music on the web. This platform gave the users an opportunity to listen to mu sic without any expense. It is due to this reason that Napster became very famous and starting harming the music companies to a great extent. It was a centralized platform which became the reason for its downfall. Olsen (2003) provided the information that Universal Music Group and EMI filed a suit against Napster for the black-market downloads that were allowed under the respective technology. The website was shutdown in the early years of the 21st century and stopped plagiarism of digital music. This was a big step for the music label companies as they were able to put a stop to a huge