research project add on

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 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 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).

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 & Silic, 2012).

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).

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).

References

Ali, M., Khan, S. U., & Vasilakos, A. V. (2015). Security in cloud computing: Opportunities and challenges. Information sciences, 305, 357-383.

Bodnar, G. H., & Hopwood, W. S. (2012). Accounting information systems. Pearson Higher Ed.

Brodersen, R. A., Chatterjee, P., & Lim, P. S. (2000). U.S. 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.

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.

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.

Van Ryzin, J. M. (2015). U.S. Patent No. 5,909,689. Washington, DC: U.S. Patent and Trademark Office.