Electronic Markets on networked media

Abstract

Dear readers, This issue of Electronic Markets is our third double-special issue. Following this short tradition, the constellation of two special themes is used to reflect on the relationship between the two fields. In the present case, these are the areas of BDigitalization and the media industry^and the BEconomics of grids, clouds, systems, and services^. At first glance, the former is linked with the (re)evolution of a specific industry, while the latter represents cross-domain topics associated with the evolution of a technological potential that is applicable in many industries. In fact, we named the insight that digital technologies have the power to transform the media industry a truism in last year's first editorial and showed that the shift from analog to digital technologies is also accompanied by a shift from decentralized resources and activities towards more networked and centralized platforms (Alt and Militzer-Horstmann 2017). These networked systems are often based on grids, clouds and services. While grids typically denote distributed systems that work together, clouds involve the use of remote (virtual) resources, which in turn offer functionalities as service, i.e. on a per-use-basis.

Digital innovations

“…The financial services industry, for instance, has started to use robotic process automation (RPA) technologies to automate contract management or claim management processes. Furthermore, digital technologies can be used to implement chat bots for marketing and sales or customer service purposes (e.g., the booking of flights via the Facebook messenger) as well as paperless contract management systems or digital inter-and intraorganizational collaboration tools (Alt and Zimmermann 2018;Nambisan et al 2017). Additionally, digital business processes are a basic requirement for the delivery of digital services.…”

Social informedness and investor sentiment in the GameStop short squeeze

“…Alt and Zimmermann ( 2018 ) wrote that electronic platforms for collaboration, publishing, and distribution often go hand in hand with the availability of modularized information content. Modularization is the process of separating content into discrete topics and storing them for reuse as modules in a content management system or database (Haramundanis, 2009 ).…”