The Rise and Perception of Information Society: Initially, Fritz Machlup introduced the concept of information or knowledge society and identified five sectors of knowledge economy, namely; educations, research and development, mass media, information technologies, and information services. (Machlup, 1962). Later on, Peter Drucker, Marc Porat, Daniel Bell, Alain Touraine, Jeane-Francois Lyotard, Peter Otto, Philip Sonntag, Radovan Richta, Nico Stehr, and Alvin Toffler commented on the characteristics of the information society.