Data storage is a method of operating a computer system having memory for storing and retrieving information concerning a subject, which comprises the following. (a) in the computer system memory, storing subject data concerning a plurality of subjects wherein said data includes descriptive phrases regarding various matters with which said subjects are concerned and wherein said data includes identifying information for identifying the subjects associated with said descriptive phrases; (b) assigning selected designation numbers to said descriptive phrases and storing said selected designation numbers in the computer system memory in association with the corresponding descriptive phrases and with the identifying information wherein said designation numbers correspond to a respective plurality of topics; (c) in the computer system memory, storing a plurality of topic headings with each heading being designated to include a specified range of designation numbers; (d) in the computer system, for each designation number assigned to a descriptive Continue reading
Management Information Systems
Business Benefits of ERP Systems
Recommended reading: Enterprise Resource Planning (ERP) Definition Installing an ERP (Enterprise Resource Planning) system has many advantages-both direct and indirect. The direct advantages include improved efficiency, information integration for better decision making, faster response time to customer queries, etc. The indirect benefits include better corporate image, improved customer goodwill, customer satisfaction, and so on. The following are some of the direct benefits of an ERP system: Business Integration Flexibility Better Analysis and Planning Capabilities Use of Latest Technology. Business Integration: The first and most important advantage lies in the promotion of integration. The reason why ERP packages are considered to the integrated, is the automatic data updating (automatic data exchange among applications) that is possible among the related business components. Since conventional company information systems were aimed at the optimization of independent business functions in business units, almost all were weak in terms of the communication and integration of information Continue reading
Algorithmic Decision Making – Usage Algorithms in Decision Making
Algorithms play a significant role in our day-to-day lives. However, what is an “algorithm”? there is a definition of algorithm: a set of steps to accomplish a task. We live in an algorithmic culture, where algorithms are ubiquitous, pervasive and unnoticed. For example, algorithm can help people predicts the spend time from home to school, and then manage the time. And algorithms determine computer operation, stock prices, espionage tactics, social networks, even the movies you watch, it shapes human society in everywhere. The human society ran by algorithms, it helps people to make daily decision and solve problem. Algorithmic culture is a historical process that is used to organize human culture by means of computational process. The humans have more depended on computational processes to entrust cultural work – the classification, sort, order, and rank of people, places, objects and ideas in the past 30 years. It means algorithmic culture is Continue reading
Charactristics of Business Information
Information is a fact, datum, observation perception or any other thing that adds to knowledge. In the words of Gordon B. Davis “Information is data that has been processed into a form that is meaningful to the recipient and is of real or perceived value in current or prospective decisions”. Information is obtained either by direct observation or by communication. Most of business information is obtained through communication. Even in the simplest responsibility center, the manager could not observe with his own senses everything that is going on, nor would he want to devote his time to doing so, even if it were possible. Instead, the manager relies on information that is communicated to him in various ways, ranging from informal conversations to formal reports. The characteristics of information used in business systems are: Purpose: Information must have purpose at the time it is transmitted, otherwise it is simply Continue reading
Major Types of Computer Systems
A computer is a programmable machine. It accepts information in the form of digitized data and manipulates it for some result based on a program or sequence of instructions on how the data is to be processed. It consists of at least one processing element, typically a central processing unit (CPU) and some form of memory. The processing element carries out arithmetic and logic operations, and a sequencing and control unit that can change the order of operations based on stored information. Computers are also categorized on the basis of physical structures and the purpose of their use. Based on Capacity, speed and reliability they can be divided following categories of computers: 1. Microcomputer Systems Microcomputers are the most important category of computer systems for end users. Though usually called a personal computer, or PC, a microcomputer is much more than a small computer for use by an individual. The Continue reading
Types of Software’s Used in Business
Software Trends Several major software trends. First, there has been a major trend away from custom-designed programs developed by the professional programmers of an organization. Instead, the trends is toward the use of off-the-shelf software packages acquired by end users from software vendors. This trend dramatically in creased with the development of relatively inexpensive and easy-to-use application software packages and multipurpose software suites for microcomputers. The trend has accelerated recently, as software packages are designed with networking capabilities and collaboration features that optimize their usefulness for end users and work grounds on the Internet and corporate intranets and extranets. Second, there has been a steady trend away from (1) technical, machine-specific programming language using binary-based or symbolic codes, or (2) procedural languages, which use brief statements and mathematical expressions to specify the sequence of instructions a computer must perform. Instead, the trend is toward the use of a Continue reading