Information communication technology (ICT) continues to play a major role in business especially in electronic commerce or e-commerce. E-commerce is the financial business that is conducted in an electronic network and mainly the internet. Through e-commerce, consumers are allowed to make purchases from both businesses as well as other consumers where payments are made through various options. For information system to flourish there is a need to have the necessary infrastructure and the requisite technology to facilitate any technological platform. On the other hand, the platform requires an information system in order to run smoothly.
Introduction
An information system is an integral part in any business in enhancing the development of new products as well as services and the innovation of business models. It is also significant in the decision making process and the development of business networks and relations. Additionally information systems are critical in the enhancement of business efficiency in operations that is important in creating a competitive advantage. There are different information systems which differ with their purpose and type of industry as well as different levels of management that use them.
There is the Executive Information System (EIS) used by the top level of executives, whereas senior managers require a Decision Support Systems (DSS), and the middle-level managers use the Management Information Systems (MIS). finally, there are workers on
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 systems interact with the organizations and influences the organization in many aspects of the whole organizational structure to the daily behavior. Information systems can enable strategies in four aspects including low-cost leadership, product differentiation, focus on market value and strengthen customer and supplier intimacy.
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 recent trend in the global business has been largely driven by the mechanism of the internet and more broadly the cyberspace. This has created a more elaborate platform for all business activities to be coordinated through an information system protocols. The information system is the management of the information data base of an organization or an institution. Information is assumed to be a significant asset, organisations strive to gather, retain and protect their valuable intellectual property to place them in a prominent business platform over their competitors.
The barriers a Business must deal with, such as competitors, substitutes, customers, supplier, etc are often referred to as:
Information system is a combination of hardware, software, infrastructure as well trained personnel who organized and facilitate planning, control, coordination and decision making within an organization. Information systems are also able to implement a vital integrated set of components for collecting, storing, and processing data. With this, it provided organizations with the necessary information, knowledge, and digital products needed. Information system bring the meaning of business applications that manage their operations, compete in the market place, manage accounts and human resources. This system have a vast variety of components that are crucial for a enterprise, business to function at his highest level, IT software is responsible that all system are reliable and up to date.
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.
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)
In this competitive world, the role of information system is crucial. It was not invented on modern computer period. It was there since humans speak. The only difference is when technology developed, information system also became more computerized. Information system is present in everywhere, for example when we shop online, pay bills, manage banking transactions, we are using information system (Lehaney, 2011). Information system is the systematic way of processing information with the help of technology and skilled people. Enterprise system or ES are kinds of software which helps to run the business processes efficiently and smooth.
Information management is paramount for any business because in the current business environment, no business can be successful without the effective manipulation information. The analysis of the information relevant to the business helps to accomplish the organizational goals. In the growing age of the information technology the information management system helps to find the appropriate information in an easy manner. The business includes a lot of information that is not necessarily important for decision making
Information systems interacts with the organizations and influences the organization in many aspects from the whole organizational structure to the daily behavior. Information systems can enabled strategies in four aspects including low-cost leadership, product differentiation, focus on market value and strengthen customer and supplier intimacy.
An information system is a base in today’s business world. Everything is electronic. In various businesses, the survival and ability to succeed strategic business goals is challenging without extensive use of information system. Businesses improve the efficiency of their operations in order to accomplish higher profitablity. Besides that, information systems are important tools available to managers for achieving higher levels of efficiency and productiviy in business operations. For an example, Zara uses the PDA technology to gather customer feedback and input.
Information systems are used to save valuable time and money by eliminating the bulk of manual labor. These will also provide many options from communicating with both the employees and the customers to the elimination of many tedious inaccurate processes.
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
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.