Evaluating the Information System
An organization creates value through time, particularly if it is a company that provides services. Therefore, the information generated has an even greater value because it helps to achieve the objectives of the organization. All the information that the organization generates interact together to support the company needs to fulfill. On the other way when organizations interact with information, people and resources (network, hardware, software, etc.) they connect each other in order to meet the demands of the information in an organization either administratively or in the operational area. Consequently generating a process called information system. This information system performs four specific functions: input, processing, storage and output of information. Inputs is when you add customer information on a computer (hardware), such as name, address, invoices, payments, etc. Then in the same way in the process step you can make calculations, balances, interests that can store in a software grouped by customers, per the accounts, per month bills, etc. and finally, outputs are when you generate reports of payments, balance, inquiries or customer statements. In this paper I will describe how the information system contributes to forming competitive advantage in business.
Basically the information system is composed of three elements, people, organization and technology. People involved in everything that goes with the information
This paper will discuss how an information system is critical to the business process of an organization and how the information has impacted the organization 's structure.
Also information systems assist with making decisions and business processes by formulating strategic plans and make decisions for the organisation longevity and prosperity. Additionally information systems add controls to employee processes, ensuring
‘Information system’ = a system for generating, sending, receiving, storing or otherwise processing ECs (s 3(1)).
Target Corporation enhance its information warehouses with latest big data that is technologically sophisticated to crunch large data using complex algorithms and provide vital output data for a daily operation as well as strengthen its capabilities over its rival which is a competitive advantage and speed up worker productivity. A quality tracking tool provided by information system tracks each package, parts ensuring the goods meet the quality standard.
The increased number of IT investment is applied in organization. It is clear that information technology has become the competitive fact in world business. Collaboration is the new trend in business world. No one can deny the importance of information technology application. Besides the profits outcome, the impacts of information technology deployment also create commitment, trust and value. Advanced information system can improve each steps of business process. It enables people to share information, performance task simultaneously and making decision efficiently. IT companies designed different products to satisfy each step of business operation in terms of manufacturing and human resources. Seminole should apply this new IT infrastructure to business operation. Firstly, company can use the transaction processing systems (IPS) to keep track of all business activities and transaction of the organization such as payroll and employee record keeping. IPS also shows all information from internal and external operation. Secondly, Business intelligence systems are designed for decision-making support. Management information system (MIS) is a system that helps managers to keep track of company performance status, which purposed for decision-making and evaluation. Decision-support system (DSS) is purposed for future business decision-making. Thirdly, Enterprise application systems are designed for integrating business process from different functions, such as supply chain
Information systems (IS), technically are a set of interrelated components that collect and retrieve information, process and store it and support the organization in decision making. Information Technology (IT) is a shared technology and provides the platform for specific information. It consists of hardware and software for a business to achieve their objectives. Included is the computer systems, the computer, any hand-held devices, software the company needs to operate and storage. (20)
There are very many types of information systems. Classification of information systems follows the organizational levels in which they are used or installed for use. For instance, there are management information systems; some of which will be covered in this project report. Management information systems (MIS), helps businesses meet their business objectives. Almost all organizations and businesses today use management information systems; be it large, small, startup or an established multi-national. This is for the sole reason that information systems have evolved from just being a tool to gain competitive advantage for businesses, to a vital tool, a necessity in the digital age we live in. Management Information Systems help managers make better-informed decisions and communicate with their superiors, as well as with all the stakeholders in the businesses their organizations are involved in.
It is generally accepted that information is a vital commodity for the successful operation of today’s organizations. Nowadays modern business organizations are using computerized information systems in order to obtain such information. However as the technology advances rapidly the main issue is how can an organization should effectively use such an information system - which its management sometimes can be unpredictable - in order to effectively help the whole organization structure to improve and take the most out of it.
4. People – are the most important part of the information system. They program the software and run it, place the data and they determine the success or the failure of the system.
This paper will talk about a company that has utilized information system in a management and decision making capacity. Further, it will discuss how the company has gained competitive advantage using the information system technologies. It will also discuss about the implementation plans for using the information systems and disseminate information. And finally, this paper will try to see if the management of information system would assist in decision making.
In the current time, the growth, as well as success of all the organizations and business firms depends only on the use of effective information system and development within the organization. The companies are making more profits and generating highest revenues and achieving competitive advantages through the use of information system and development. Hence, in todays more competitive and challenging business era, information system and development is the basis need for the organizations in order to perform all the functions of the
In this report will discuss how information system impact business and how to use IT to win more benefit and new customers. Information system for a business is about using of information processing systems, information program, information storage and information. Information systems are using for all kind of business in the real time. The business cannot run without IT. Anyhow, the development process faculty of communications technology and computer technology. Information system has been greatly improved. It has been inseparable from communications technology and computer technology in the current information system. It tells that information system generally refers to people co-exist. Information systems typically include data processing systems, management information systems, decision support systems and office
‘As Information system (IS) can be defined technically as a set of interrelated components that collect (or retrieve), process, store and distribute information to support decision making, coordination, and control in an organization.’ (Laudon,
The five major components of an information system are as follows (1) to (5); (1) Hardware, multiple computer systems: microcomputers, minicomputers, and mainframes. (2) Software- computer software falls into two categories; systems software and applications software. Systems software manages the resources of the computer system and simplifies programming. Application Software is a program that directly assists end users in doing their work. Both can be purchased as ready-to-use packages. (3) Networks and communication facilities, includes Internet and intranets. This hardware and software facilitates fast and efficient transmission and reception of text, pictures and
An information system is any combination of information technology or support people’s activities that support