IOS
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E-Market
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1
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IOS may use private or publicly accessible network.
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E-Market may use publicly accessible network.
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2
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Customer supplier relationship is determined in advance. It is expected that it is ongoing relationship for multiple transaction.
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Two types of relationship (i) Customer to seller linkage is established at time of transaction for one time only. (ii) Customer seller linkage is established for a fixed time period.
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3
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Agreements on nature and format of business document.
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Sellers market maker determine which transaction they will provide.
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4
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Advance arrangements are made so that both parties know which communication network will be used for system
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Customer and seller independently determine which communication network they will use.
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5
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Joint guidelines are formulated so that each party will know how system is used.
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No joint guideline are formulated in advance.
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DATA Data is the collection of raw facts and figures. Actually data is unprocessed, that is why data is called collection of raw facts and figures. Define Data and Information with Examples We collect data from different resources. After collection, data is entered into computer for processing. Data may be collection of words, numbers, pictures, or sounds etc. Examples of Data 1) Student Data on Admission Forms When students get admission in a college. They fill admission form. This form contains raw facts (data of student) like name, father’s name, address of student, obtained marks, photo graph etc. 2) Data of Citizens During census, data of all citizens is collected. The staff will go house to house and collect data about citizens like number of persons living in a home, either they are literate or illiterate, number of children, data of each child, cast, religion, Computerized national Identity Card number, address, how many rooms and other facilities in the
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