Download Pros & Cons of Online Services in Retail, Finance, Education, News, Entertainment, Product and more Exams Nursing in PDF only on Docsity! BTEC L3 - Unit 1 Information Technology Systems - Section E Pros of retail online services - ✔Wide range of competition to choose from, saves transport time and costs, better targeted marketing. Cons of retail online services - ✔Products and services may not be regulated, can result in nuisance emails and texts. Pros of online financial online services - ✔Can manage finances from home, reduced travel time and costs. Cons of online financial online services - ✔Not all services may be genuine, potential for unauthorised access. Pros of education and training online services - ✔Can learn in your own time, access to a wider range of courses than those taught in the local area. Cons of education and training online services - ✔Course may be not properly accredited, lack of structure may impede learning. Pros of news and information online services - ✔Provides most up to date information possible, helps to plan travel and events, can be personalised. Cons of news and information online services - ✔Need to check the reliability of the provider. Pros of entertainment and leisure online services - ✔Access to a wide range of music, TV and films, can play games with people all around the world. Cons of entertainment and leisure online services - ✔Safeguards my be needed to protect children from unsuitable content Pros of productivity online services - ✔Accessible anywhere with an Internet connection, support collaborative working Cons of productivity online services - ✔Potential for the loss of ""human touch" and isolation. Pros of online booking systems - ✔No need to travel to make a booking, fewer admin staff needed, no waiting in line Cons of online booking systems - ✔May disadvantage those without Internet access Examples of retail online services - ✔E-commerce sites, online auctions Examples of financial online services - ✔Online banking, online trading Examples of education and training online services - ✔Distance learning degrees, e- learning Examples of news and information online services - ✔Traffic reports, weather reports, news websites Examples of entertainment and leisure online services - ✔Music/video streaming, online gaming Examples of productivity online services - ✔Cloud computing software, communication tools such as video conferencing and email Examples of online booking services - ✔Transport, hotel and appointment bookings. Business uses of online services - ✔Collaborative working, collection of transnational data, targeted marketing. Version control - ✔Ensures a user knows which is the most up to date version of the document to use. Transaction data definition - ✔Data collected from usage of online services Uses of transactional data - ✔Ensure specific marketing, analyse trends, plan the workforce Targeted marketing - ✔Used to target specific demographics such as a particular age, gender or shared interest group. Stock control - ✔Automatic stock reordering, accurate stock levels recorded, can be expensive and require staff training Data logging and analysis - ✔Highly accurate recordings, doesn't require humans to log data, automatic processing, requires persistent data connectivity. General office tasks - ✔Improves efficiency and quality, may require training of staff, IT support teams needed to maintain and correct issues
