Cycle times of information

Abstract

Abstract During the Industrial Revolution, manufacturing and related commercial activities led to the evolution of “dense cores” of heavily populated areas. Fundamental to the operation of these industrial‐commercial cores was the development of service activities—banking, risk‐bearing, legal services—which depended on rapid exchange of information or quick “cycle times of information” for effective decision making and allocation of resources. As these cores radiate resources away from the central body toward less populated areas, the need for short cycle times of information in rural areas has become apparent. For example, modem agriculture is an enterprise that requires short time cycles of information exchange. The technology for building computer‐based information networks to facilitate the desired rapid transfer of information exists. However, the installation of hardware linked by reliable, cost‐effective communications networks is only in the beginning stages. One computer‐based information network...