1. Ways in Which Information Systems Are Transforming Business.
1. Discuss five (5) ways in which information systems are transforming business.
Answer:
An Information System (IS) is the study of complementary networks of hardware and software that people and organizations use to collect, filter, process, create and distribute data. Information system is crucial to collect, arrange, store, process and distribute necessary information at the required times to the required personnel. Usually information is much required for day- to- day operations of business, to confront growing competition and to ensure efficient management of the business. Information systems are the lifeblood of the modern enterprise. They have the power to create and restructure industries, empower individuals and firms, and dramatically reduce costs. Therefore, information system has been of great concern to business management and operations. Today’s managers simply cannot effectively perform without a solid understanding of the role of information systems in organizations, competition and society.
Information systems are transforming business through their ability to share information in an instant. Due to lightning-fast technology, the overall pace of business is rapid-fire and growing faster every day. For example, meetings and conferences can now take place via low-cost services such as Skype, which also offers free services to users. In the past, sharing information between parties in different cities or countries could be very expensive - long-distance phone calls or face-to-face meetings were necessary.
Today, getting information where it needs to go is cheaper and easier than ever before. Businesses save money and globalization escalates. Because it is easier to reach out, it is easier to expand a business to other countrie via Internet storefronts that literally service the whole world. Cultural barriers are breached each day, as people use technology to learn more about doing business with other nations. This concept of fast-moving
Answer:
An Information System (IS) is the study of complementary networks of hardware and software that people and organizations use to collect, filter, process, create and distribute data. Information system is crucial to collect, arrange, store, process and distribute necessary information at the required times to the required personnel. Usually information is much required for day- to- day operations of business, to confront growing competition and to ensure efficient management of the business. Information systems are the lifeblood of the modern enterprise. They have the power to create and restructure industries, empower individuals and firms, and dramatically reduce costs. Therefore, information system has been of great concern to business management and operations. Today’s managers simply cannot effectively perform without a solid understanding of the role of information systems in organizations, competition and society.
Information systems are transforming business through their ability to share information in an instant. Due to lightning-fast technology, the overall pace of business is rapid-fire and growing faster every day. For example, meetings and conferences can now take place via low-cost services such as Skype, which also offers free services to users. In the past, sharing information between parties in different cities or countries could be very expensive - long-distance phone calls or face-to-face meetings were necessary.
Today, getting information where it needs to go is cheaper and easier than ever before. Businesses save money and globalization escalates. Because it is easier to reach out, it is easier to expand a business to other countrie via Internet storefronts that literally service the whole world. Cultural barriers are breached each day, as people use technology to learn more about doing business with other nations. This concept of fast-moving