Information in Business

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.

Documents intended for Senior Management - advice and recommendation on the type of issues included, the level of detail and wording appropriate for that audience.

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.

As we have learned throughout this course, the value of information technology has been one of the most influential aspects of conducting business. Information technology is used on a daily basis at all organizations, and it has grown exponentially throughout the course of history. Organizations purchase and implement information technology to gain a competitive edge over their competitors. This dates all the way back to the invention of the steam engine, in the mid-1800s, which allowed finished products to be mass transported by the railroad system. The companies and corporations that used the rail system gained a competitive advantage over smaller companies that used other modes for transporting their

The next step option to further prevent this security will involve restricting access to data by requiring a password, personal identification numbers, or a callback procedure. This approach will restrict logon time to a maximum of 2 minutes; if the computer goes idle for 2 minutes, a login password will be required to gain access to the system. The only problem with previous approach will the redundant need to frequently reenter password, to alleviate this problem associated with redundant authentication, the organization can adopt the use of a biometric method of authentication, for example, the use iris scanner, fingerprint, or an electronic signature (Joos et al, 2010).

• It is a permanent means of communication. Thus, it is useful where record maintenance is required.

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.

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.

Modern globalization displays the requirement for organizations to venture into new domains around the world. Research has ascribed troubles in doing as such generally to issues and challenges during the time spent information exchange, and has as of late pinpointed the vital part of actualizing information from different parts of the world, and the learning required to do as such.

Information will always be a big factor in the business industry. Those who knows more will have advantage on others, and those who hide information takes advantage of the situation to exploit. This uneven proportion of information, or asymmetric information has been a problem in many industries for sustaining efficient operations and for customers to acquire products or services at a reasonable cost. One of the industries that have been combating this information war is the “insurance market”. Information is just another resource, but as any other resources it has a cost. Information plays a big role when companies makes decisions. Therefore, information must be accurate and from credible sources. But, at the same time this accuracy and credibility should be from customers to the insurance companies. It is normal for a company to profit and a customer to get more for the money, but both side constantly trying to have the advantage could end in market failure. This causes information and the “insurance market” to lose its purpose of both benefiting from each other or in proper economic terms, perfect information.

In today 's business environment it is getting harder and harder for organisation 's to not only survive but to compete against other organisation 's. Information technology plays a big part in helping companies compete and survive. Companies that have branches or franchises need to make sure that they can communicate with the head office so that orders can be passed down. Most of a mangers time is spent

An effective records management program is an integral part of an organization’s effective business operations. Organizations must consider records management requirements when implementing the system management strategies or whenever they design and augment an electronic information system. Organizations are required by law to “make and preserve records containing adequate and proper documentation of the organization, functions, policies, decisions, procedures, and essential transactions of the organization.” This legal requirement applies to electronic records kept by the organizations as well. Organizations that do not consistently

administrations must stay aware of consistent patent updates – Significantly then afterward a patent may be finalized also issued it could even now make doled out should another owner, reclassified or appended to a patent crew.

Information technology can give a company ready access to improve product and service quality, reduce costs, increase productivity in smallest time possible, and communication between employees and to make things with lesser effort but having a better output and even improve company morale.