5
Importance of IS-Related
Solution
in the Business World
Name: Gideon Aryertey
MGMT221
Stasia Biggs
Embry Riddle Aeronautical University
09/13/2018
Abstract
Information Systems have tremendously transformed the business world. The rapid technological evolvement has played a fundamental role in this through the invention of various software which have made numerous operations especially processing simplest and accurate. Companies have exploited the capacities of the information systems and ended gaining maximum profits. The importance of IS emanates from the data processed for the company to produce information utilized to manage their various operations (Brodersen & Lim, 2000). There are ways of increasing the effectiveness of the IS like adding extra data or using the available in a different way. Information Systems can be used for various purposes in an organization such as communication, making decisions, keeping records, and operations management. Information Systems solutions can be used in communication to gather and distribute the information. This ensures efficient flow of information. It is also used to support decisions making which ensures the outcomes are better and all the prerequisite information has been delivered. For instance Decision Support System is highly used in such cases to support this essential process. Electronic Record Management is used to ensure that all the organizations records are secure and free from damage. Cases of loss are also minimized through use of ERM (Sprague, 1986). This project will tackle five IS-related solutions which are used often in companies. They are Decision Support System, Electronic Records Management, Cloud Computing, Transaction Processing System and Database Management System (Ali & Vasilakos, 2015). The above mentioned solutions have highly benefitted companies and we expect more to be unveiled due to technological advancement.
Introduction
Information system (IS) can be described as organization of the system used in obtaining, organizing, storing as well as communication of data. Additionally, it can involve all the network that organizations on individual uses in collecting, filtering, processing, creating and distributing data. Therefore, through interaction, they are capable of producing data. It has main focus on the internal organization instead of external environment of an organization. For an organization to have a successful business, it will have to process all the information as well as statistics. In this regard, there are various organizations that have suffered data problems. Therefore, IS’s are important in ensuring that the organization can be able to gain optimum maximum benefits in the business. This is carried out through processing all the data in the organization so that the company can be able to produce data that is important in running its business. Effectiveness of the business can only be ensured through producing more informati.
2. Abstract
Information Systems have tremendously transformed the
business world. The rapid technological evolvement has played
a fundamental role in this through the invention of various
software which have made numerous operations especially
processing simplest and accurate. Companies have exploited the
capacities of the information systems and ended gaining
maximum profits. The importance of IS emanates from the data
processed for the company to produce information utilized to
manage their various operations (Brodersen & Lim, 2000).
There are ways of increasing the effectiveness of the IS like
adding extra data or using the available in a different way.
Information Systems can be used for various purposes in an
organization such as communication, making decisions, keeping
records, and operations management. Information Systems
solutions can be used in communication to gather and distribute
3. the information. This ensures efficient flow of information. It is
also used to support decisions making which ensures the
outcomes are better and all the prerequisite information has
been delivered. For instance Decision Support System is highly
used in such cases to support this essential process. Electronic
Record Management is used to ensure that all the organizations
records are secure and free from damage. Cases of loss are also
minimized through use of ERM (Sprague, 1986). This project
will tackle five IS-related solutions which are used often in
companies. They are Decision Support System, Electronic
Records Management, Cloud Computing, Transaction
Processing System and Database Management System (Ali &
Vasilakos, 2015). The above mentioned solutions have highly
benefitted companies and we expect more to be unveiled due to
technological advancement.
Introduction
Information system (IS) can be described as organization of the
system used in obtaining, organizing, storing as well as
communication of data. Additionally, it can involve all the
network that organizations on individual uses in collecting,
filtering, processing, creating and distributing data. Therefore,
through interaction, they are capable of producing data. It has
main focus on the internal organization instead of external
environment of an organization. For an organization to have a
successful business, it will have to process all the information
4. as well as statistics. In this regard, there are various
organizations that have suffered data problems. Therefore, IS’s
are important in ensuring that the organization can be able to
gain optimum maximum benefits in the business. This is carried
out through processing all the data in the organization so that
the company can be able to produce data that is important in
running its business. Effectiveness of the business can only be
ensured through producing more information that will be
important in running the business. Therefore, the accuracy of
the information and reliability should be ensured at all costs.
Further, the IS can be important in collection and distribution of
data. This can in turn ensure that effective communication is
ensured in the company among the managers. Third, the
information can ensure that there are easy decision making in
the company (Drucker, 2012). An organization which is faced
with the problem of quick decision can spend a lot of time and
energy in doing so without IS. However, with IS, the managers
have been able to come up with strategic plans and informed
decisions which has ensured the growth of various organizations
in different parts of the world. Through evaluation of various
data, ISs are able to bring into being various conclusions
concerning growths in economy and provides steps that should
be taken by the company. ISs system are also important in
providing planning solution to different companies in the world.
In this regard, proper planning of the business cannot be
5. conducted without good information systems. This can in turn
ensure that the organization is able to rival other organizations
in the market. With proper ISs, the organization can ensures
that there is data control which will be important in ensuring
safety as well as stability of the IS. Therefore, IS can be able to
provide control to data and can give the information that is
required by a company. Lastly, the organization employing the
use of IS can avoid crisis that might emerge into their
organization. Through the use of high IS, the organization can
be able to analyze stocks and reminisce on the past
performances and thus, prediction of future problems are easy
(Laudon, 2016). This will be done without negative influences
from erring.
Decision Support System (DSS)
DSS can be described as various computer programs that are
important in the analysis and decision making in company. DSS
has a main purpose of presenting the information to clients in
terms that they could easily understand. In this regard, it
provides analysis to company’s data and thus, presenting it to
the top notch managers who will have to come up with informed
decisions. DSS employs the use of data summary, exceptions as
well as patterns during the decision making process and it is not
a must for DSS to provide information itself. In this case, it will
be the work of the decision makers to come up with informed
decision concerning the operation of the company (Dulisic &
6. Silic, 2012). In most cases, a leader needs to make effective
decisions after consideration of various factors hence must
consider various sources of information. The system makes the
activity easier and quick hence avoiding delays that may hamper
overall performance.
Management Information System (MIS)
A Management Information System (MIS) refers to a computer
database who main function entails organizing financial
information at an organization. In the 21st century, business
organizations are looking for real-time financial information
which guides the manner in which decisions relating to finances
are made. During normal operations, MIS produces regular
reports on various organizational operations on nearly all levels
of managerial responsibilities (Karim, 2011). When adopted, its
main purpose is to give feedbacks regarding performance hence
a manager is able to fully monitor financial performance and
progress of an organization. Accountants and clerks may not be
able to provide real-time information hence the system can
support their decision-making and provision of detailed
financial reports.
Practically, an MIS system receives data from the various
functions and units in the organization. These sources may be
automated through use of check-out counters that relays data at
periodic intervals. Also, the system can receive data that is
keyed in manually also at periodic intervals by the workers at
7. specific units. For managers, the MIS have query languages and
display functions that are in-built into the system to enable
managers access needed information and display easily (Karim,
2011). This kind of a system is beneficial to an organization as
it is able to manage financial information more easily while
relating it to performance. It can guide managers in making
decisions in line with organizational and corporate goals.
Electronic Records System (ERM)
Similarly to DSS, Electronic Record Systems are computer
programs that have been used in tracking and storing of
information or records for a company. Its computer software
employed in managing as well as maintaining the records,
controlling the access and use of the information. Based on this
understanding, the Electronic Record System must be able to
track and store all records created by the company systems and
applications (Van, 2015). Various forms of evolution have
happened to ERM. Previous ERM had little records management
compared to the current ERM which have been able to keep the
authentic records of data as well as protecting it from changes
that might occur to them. This has been made organizations to
keep track records of data (Bodnar & Hophood, 2012). Further,
ERM acts as a source of important and actionable information to
a business organization.
A Customer Relationship Management System (CRM) refers to
8. a system that contains a set of technological applications that
help in the organization and determination of needs of the
customers. The CRM system enables the organization to
manage, organize, and track the needs and preferences of the
customers who are important stakeholders to every business
organization (AL-Weshah, Al-Qatawneh & Al-Manasrah, 2017).
The system enables employees to easily undertake catalog and
order entry, payment processing, and account management
among others. It can also serve as an important platform upon
which an organization and its clients can communicate. It is
also an important source of information regarding the
customer’s preferences and needs hence an organization can
better them.
Essentially, the system can help manage customer information,
track their habits, organize interactions, and manage customer
service requests in a manner that aligns with organizational and
corporate goals. Moreover, it is worth noting that the system
can be modified to accommodate additional needs meaning that
an organization can be able to meet any new needs and trends in
customer management (Haislip & Richardson, 2017). It can be
seen that a CRM system can offer support to an organization
when it comes to keeping up with trends in customer
management hence being able to satisfy their needs and
preferences.
9. Conclusion
IS-related solutions have greatly benefitted the business world.
The solutions have made various operations simpler, cheaper,
accurate and cost-effective. Due to their variety,
companies/businesses have an opportunity to choose the
solution they demand based on their needs. With the increased
technological advancement, we expect more solution to be
invented in due time (Harris, 2015). More so, 21st century has
presented business with more complex needs especially when it
comes to customer relationship and management of information.
IS-related solutions can help address any issues in a manner that
aligns with business objectives and goals.
References
Ali, M., Khan, S. U., & Vasilakos, A. V. (2015). Security in
cloud computing: Opportunities and challenges. Information
sciences, 305, 357-383.
AL-Weshah, G. A., Al-Qatawneh, M., & Al-Manasrah, E.
(2017). Customer relationship management systems and
organizational performance: Quantitative evidence from the
Jordanian telecommunication industry. Journal of Marketing
Communications , 171-197.
Bodnar, G. H., & Hopwood, W. S. (2012). Accounting
information systems. Pearson Higher Ed.
Brodersen, R. A., Chatterjee, P., & Lim, P. S. (2000). U.S.
10. Patent No. 6,092,083. Washington, DC: U.S. Patent and
Trademark Office.
Dulcic, Z., Pavlic, D., & Silic, I. (2012). Evaluating the
intended use of Decision Support System (DSS) by applying
Technology Acceptance Model (TAM) in business organizations
in Croatia. Procedia-Social and Behavioral Sciences, 58, 1565-
1575.
Drucker, P. (2012). Managing in a time of great change.
Routledge.
Haislip, J., & Richardson, V. J. (2017). The effect of Customer
Relationship Management systems on firm performance.
International Journal of Accounting Information Systems 27(1),
16-29.
Harris, R. C., Altobelli, D. J., Blucke, R. W., Wilson Jr, R. M.,
& Wyle, S. C. (2015). U.S. Patent No. 5,517,406. Washington,
DC: U.S. Patent and Trademark Office.
Karim, A. J. (2011). The Significance Of Management
Information Systems For Enhancing Strategic And Tactical
Planning. Journal of Information Systems and Technology
Management 8(2), 459-470.
Laudon, K. C., & Laudon, J. P. (2016). Management
information system. Pearson Education India.
Sprague, R. H., & Watson, H. J. (Eds.). (1986). Decision
support systems: putting theory into practice. Englewood Cliffs,
NJ.: Prentice-Hall.
11. Van Ryzin, J. M. (2015). U.S. Patent No. 5,909,689.
Washington, DC: U.S. Patent and Trademark Office.
University of Phoenix Material
Lesson Plan Worksheet
Use the following worksheet to complete the assignment.
Create or modify a classroom learning activity that covers a
specific topic from Ch. 5 or 6 of A Problem Solving Approach
to Mathematics for Elementary School Teachers; for example,
integer addition or division of rational numbers.
Include the following in your lesson:
Use of a manipulative
Detailed instructions on how to conduct the activity
Any student handouts or supplemental materials needed
Use APA formatting to reference any resources used. Do not
directly copy a lesson from another source; avoid plagiarism by
changing ideas and phrasing to make them your own.
Lesson Component
Details
12. Name of Lesson
Grade Level Addressed
State Mathematics Standard Addressed
Lesson Objective
(what should students know and be able to do)
Materials Needed
(student and teacher materials)
Detailed Instructions
(what are the steps for the lesson)
Technology Component
(if any)
References