RBS Computer Failure Caused by Inexperienced Operative in India

‘Information system’ = a system for generating, sending, receiving, storing or otherwise processing ECs (s 3(1)).

An information system can be defined technically as a set of interrelated components that collect, process, store, and distribute information to support decision making

The modern world introduces new and new technology day by day, more and more innovation and invention in computer related technology. It have more effects in computerize accounting information system in banking sector of Pakistan by providing unique and quality services to their customers by using cutting-edge technology. It will help to diminish the risk of communication gap between the internal departments. The newest technology provides drivers to persist in modern era in banking sectors to overcome the risk of communication between the internal control of departments and its efficiency on accounting information system. Internal communication is very helpful to catch efficiency during driving banking system. It provides the directions in all aspects such as: capacity of maximum resources, capability and accuracy, communication of information, calculations and recordings, data and administrative control. The establishment of communication link between all parties through a local or worldwide network, parties includes internal departments, internal employees, bank branches, clients, suppliers, external employee, Govt. and all other related parties. Internet is the best example of network linkage between stakeholders of Pakistan banking sectors. Information technology is performing extreme

Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999).

Information systems take a firm’s information and organizes it in an order that allows the company to access reports and important data. The system is usually organized based on what the company needs and the functions of the business. They can be for a specific function or built to encompass multiple systems that can accommodate all business functions. To build an effective management information system, you must fully understand how the business works, and develop a system that improves the way the firm uses the data to accommodate the company’s business processes. When the firm decides to develop a new information system it will bring about changes throughout the entire organization. The individuals responsible for building the new information system will affect the organization as a whole by changing the skills necessary to do the jobs, the way functions and projects are managed and the organization as a whole.

Information system is a computerized system which helps to minimize the work load of employees and makes their work easier while giving précised output. There are instant changes in Information Technology in the day to day life. Therefore businesses should adapt to these changes.

Information: Create information system capable of real situation of the organization allows us to make decisions or coordination to achieve our objectives, we must define which data, organize them so that they are sufficiently clear according to what you want.

Organization, that has implement latest information system based on improve information technological but do not possess the human skills to operate the system effective, would not able to achieve its desired goals and objectives. In addition, culture of support and advancement would support initiatives to achieve organizational objectives. Most important function of information system is to sustain competitive advantage of organization by delivering organizational information services. Organization determine trends of competitors and customers by employing competitive intelligence. IS aims to enhance decision making quality along with change management, customer relations and optimized efficiency.

Governments, Corporations, business and individuals rely on information system to carry out their daily operations. Especially business or organization needs information for successful running of its operation and decision making. Availability of right information at right time helps business in its functions like planning, organizing, leading and control. They rely on information system to carry out their regular activities like interacting with its clients, suppliers and customers and also to compete, gain competitive advantage and to survive in the market.

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.

An information system is an integrated set of components that collects stores, and process data as well as delivering information, knowledge, and digital products. Business firms and other businesses rely on information systems to carry out and manage their operations as they interact with the customers and suppliers with competing in the marketplace (www.britannica.com). With looking more carefully at the types of information systems, I found quite a few that caught my eyes. Some examples of system are Operational support and enterprise systems, Professional support systems, collaboration systems, knowledge management systems, and management reporting systems.

Information technology define by (Bourgeois, 2014) are combinations of hardware, software, and telecommunications networks that individuals build and use to collect, generate, and assign useful data usually in organizational. Information system are consistent working together to distribute information to support decision making, coordination, control, analysis, and visualization in an organization. Information system has become important to most of the organizations and businesses and nowadays it become foundation for all actions that performed in each organization.

An information system is something that businesses use to get information across the business from all sections, for example NRC would take information from tutor’s attendance sheets and send that to Human Resources, they would then make decisions based on this information. Businesses today are opting towards an online information system rather than the old fashioned methods.

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.

Similarly the business firms uses the information system such that to interacts with the customers and the suppliers, to manage theiroperations, manage the accounts, fast way to intracts with the customers and the suppliers. In information system, the process works in the form of input and output. The output generated is the desired result or the objective that the firm want. Based on that output the other process continues.