The INFORMATION SYSTEM plays a major role in the organization by satisfying the diverse needs through a variety of systems such as Query systems, Analysis systems, Modeling systems and Decision support systems. It helps the Clerical personnel in transaction processing and answers their queries on data pertaining to transaction. It helps junior management by providing operational data for planning and control, and helps them in Decision-making. It helps the Middle management in short-term planning, target setting and controlling business functions. It helps Top management in goal setting, planning and evolving business plans and their implementation. OPERATIONAL-LEVEL SYSTEMS At the operational level are transactions processing systems through which products are designed, marketed, produced, and delivered. These systems accumulate information in databases that form the foundation for higher-level systems. In today’s leading organizations, the information systems that support various functional units-marketing, finance, production, and human resources-are integrated into what is known as Continue reading
Business Information Systems
Data Processing Methods
1. Batch Processing. Batch processing is a technique in which data to be processed or programs to be executed are collected into groups to permit convenient, efficient, and serial processing. It is the simplest form of data processing. With this method, data is entered to the information flow in large volumes, or batches. That is, the processing by computer is performed periodically, at specified time intervals (weekly, monthly, etc) when large volumes are accumulated. Daily transactions in a business establishment, for example, may be batch processed on a weekly basis. Instead of being processed periodically when a sufficient volume has been accumulated. Advantages of batch processing are: Economical when a large volume of data must be processed and The most appropriate method for those applications (e.g., payroll) where the delay caused by accumulating data into batches does not reduce the value of the information. Limitations of batch processing are: It Continue reading
Case Study on MIS: Information System in Restaurant
Case Summary: A waiter takes an order at a table, and then enters it online via one of the six terminals located in the restaurant dining room. The order is routed to a printer in the appropriate preparation area: the cold item printer if it is a salad, the hot-item printer if it is a hot sandwich or the bar printer if it is a drink. A customer’s meal check-listing (bill) the items ordered and the respective prices are automatically generated. This ordering system eliminates the old three-carbon-copy guest check system as well as any problems caused by a waiter’s handwriting. When the kitchen runs out of a food item, the cooks send out an ‘out of stock’ message, which will be displayed on the dining room terminals when waiters try to order that item. This gives the waiters faster feedback, enabling them to give better service to the customers. Continue reading
Application of Big Data in Retail Industry
Information technology is evolving rapidly, and now we are living in the artificial intelligence (AI) age which is considered a smart society where Internet of Things (IoTs) connecting to intelligent devices. Thanks to the advances in technology, retail is among the industries that are most affected by digital transformation. With this transformation, the consumer is changing their shopping experience and behavior from seeking products or shops, comparing, reading reviews to in-store, online and finally writing reviews, contacting customer service. The growing demands of modern consumers for excellent shopping possibilities gives the modern retailer room to innovate and understand shopper’s behavior better in response to the need of modern consumers. Retailers are dealing with a quickly changing retail landscape and newer competitive threats due to the new and improved changes in technology. To address these changes, retailers are now using big data solutions to collect massive amounts of data to gather Continue reading
Role of Digitalization in Business Growth
Digitalization refers to the use of digital technologies to transform and automate business processes. The adoption of digitalization has played a significant role in business growth. It has revolutionized the way companies operate and engage with customers, employees, and other stakeholders. In this article, we will explore the role of digitalization in business growth and how it has transformed traditional business models. Digitalization and Business Growth Digitalization has played a vital role in business growth by enabling companies to automate processes, streamline operations, and reduce costs. One of the key benefits of digitalization is that it has enabled businesses to reach a broader audience by using digital channels such as social media, search engines, and online marketplaces. This has allowed businesses to tap into new markets and expand their customer base, resulting in increased sales and revenue. Another significant benefit of digitalization is that it has enabled businesses to improve Continue reading
Case Study: Siebel’s Solution for Tata Motors
TATA Motors is India’s foremost, and the only fully integrated automobile manufacturer. Established in 1945 as TATA Engineering & Locomotive Company (TELCO), to manufacture locomotives and other engineering products, the company is today among the world’s top 10 producers of commercial vehicles. TATA Motors was also previously known as TATA Engineering. It is today one of the biggest and most prominent companies in the TATA group, with an annual revenue of $1.8 billion in 2001-02. Today TATA motors’ vehicles run in more than 70 countries. TATA Motors use a manual dealer management system, where every dealer managed details. With legacy-based systems, the environment produced inconsistent data, making interpretations difficult and resulting in inefficient planning for capacity and spare parts. The basic challenge was to provide a Dealer Management System (DMS) solution. All in all, TATA Motors required a standardized solution that would provide them with: Increase in sales and profitability Continue reading