Why Information Systems?
Scotia Capital Markets (SCM) investment firm (based in Toronto) has decided to use Internet technology to slice an entire day off the length of time required to deliver stock analyst reports to brokers, traders and, other analysts.
SCM has 2500 employees spread out in 64 offices across Canada and locations in New York, Boston, London, Singapore, Tokyo, Cologne, and Geneva.
the old system allowed once-a-day updates of its analysts reports ==>
customers were unhappy (in their mind, reports were 24 hours late)
SCM had a corporate network
it added a WWW based system which allowed the brokers and customers receive reports instantly