Information System in Business: Benefits and Challenges of Sharing Economy

Running head: INFORMATION SYSTEM IN BUSINESS
INFORMATION SYSTEM IN BUSINESS
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1INFORMATION SYSTEM IN BUSINESS
Table of Contents
Introduction..........................................................................................................................2
Discussion............................................................................................................................2
Explanation of Sharing of economy................................................................................2
Benefits and limitation of sharing economy....................................................................3
Reason behind the use of crowdsourcing website...........................................................4
Sharing economy funding request...................................................................................5
Likely of request for succeeding......................................................................................5
Contribution of project for share economy......................................................................6
Reflection of sharing economy for personally at a work place.......................................6
Future of share economy.................................................................................................7
Conclusion...........................................................................................................................8
References............................................................................................................................9

2INFORMATION SYSTEM IN BUSINESS
Introduction
Sharing economy is nothing but an economic kind of business model which generally
focus on peer to peer depended on activity (Hamari, Sjöklint and Ukkonen, 2016). It claims to
provides a large number of sharing or access to various kinds of goods and services which is
totally based on the online-based platform. Communities around the globe have made use of
shared use of assets for a large number of years. But due to the advent of the internet, it started
making use of Big Data for easier kind of access to asset owners and seeking for those who look
for a large number of assets (Zervas, Proserpio, and Byers, 2017). Sharing economies generally
allow various kinds of individual and groups for properly understanding the assets.
In the coming pages of the report, an idea has been provided regarding sharing economy.
A list of benefits and challenges with respect to sharing economy has been provided. Among the
various kinds of websites, a website has been selected. After that, its alignment with share
economy has been discussed in details. A reflection writing has been provided for the idea of
sharing economy in the workplace. After that future of sharing economy has been discussed with
respect to given report.
Discussion
Explanation of Sharing of economy
Sharing economy is a social-economic ecosystem which is mainly built on the idea of
sharing of resources related to human and physical (Schor, 2016). At present various of examples
of share economy can be seen like Uber, Airbnb, and CanYa. Share economy focus on share
creation, production, trade and distribution of large amount of consumption of goods and
services by various kinds of people and large organization. Sharing of the economy generally

3INFORMATION SYSTEM IN BUSINESS
falls into four kinds of categories like recirculation of a large number of goods, increasing the
utilization of a large number of products which are considered to be durable kind of assets,
exchange of a large number of services, sharing of a large number of productive assets
(Cusumano, 2017). Sharing business can either be defined as own goods or products or services
which can be rented by a particular customer and often on basis of short-term (Edelman, Luca,
and Svirsky, 2017). It also focuses on the creation of peer to peer connection of providers and
making use of the exchange, purchase and renting of a large number of goods and a large number
of services.
Benefits and limitation of sharing economy
There is a certain number of advantages of share economy like:
 It focuses on decreasing of environmental effects on a large number of bodies.
 It also focuses on accessibility to a large number of employees’ opportunities.
 Sharing economy also focus on to the creation of a sense of trust in a large
number of communities.
 It also provides a sense of the higher value of saving in the same kind of lifestyle.
 It claims to provide more kinds of business opportunities.
 It also aims to lower the ownership in most of the cases.
 It also provides easy kinds of access to a large number of people.
On the contrary share, the economy has some kinds of limitation like:
 No amount of benefits can be obtained from it.
 The rates are not set by individuals.
 The future of this considered to be uncertain.