As in our daily life, huge amount of data has to be collected and processed, so it is very difficult to handle it. But this can be handled fast and easily by using files. Files are the mega byte data structure used in information processing. Actually, a file itself is a bunch of bytes stored on some storage devices like magnetic disk, magnetic drum and magnetic tape etc. A file is a collection of records. Each record is made up of fields. The various fields consists of groups of characters, say the decimal digits 0 through 9 and alphabet A through Z. Group of fields are combined to form a logical record. This logical record contains all the data of interest about some entity. Different application requires a variety of record types and file structure; one basic distinction is between fixed and variable length records. A fixed length record has Continue reading
Business Information Systems
Impact of Information Technology on Global Business
Information technology (IT) is probably the force the rampant globalization and economic internationalization. Whereas the world was already destined to becoming a global village even before the eruption of the World Wide Web (WWW) and other digital networks, the Internet has largely facilitated this sojourn and it continues to do so with the new inventions that rock the world each day such as electronic commerce, social networks, and other technological gizmos. Influence of Information Technology on Businesses That Operates in a Global Environment The general answer to this question is that Information technology has revolutionized the operation of businesses in the global environment. Considering that ‘global’ comprises of compounded ‘locals’, perhaps it is prudent to begin this analysis from the minuscule level of local businesses and the effect that information technology has on them. Local businesses are now creating company websites to advertise the services and products that they have Continue reading
Data Mining Functionalities
Data mining has an important place in today’s world. It becomes an important research area as there is a huge amount of data available in most of the applications. This huge amount of data must be processed in order to extract useful information and knowledge, since they are not explicit. Data Mining is the process of discovering interesting knowledge from large amount of data. The kinds of patterns that can be discovered depend upon the data mining tasks employed. By and large, there are two types of data mining tasks: descriptive data mining tasks that describe the general properties of the existing data, and predictive data mining tasks that attempt to do predictions based on inference on available data. The data mining functionalities and the variety of knowledge they discover are briefly presented in the following list: Characterization: It is the summarization of general features of objects in a target Continue reading
Evolution of Management Information System
There have been a lot of changes in the way in which information processing has come up. This change in information processing system can be seen from the point of view of the enabling technologies as well as the increasing demands of the information processing capabilities of organizations. In the past, small organizations were owned and operated by one man. The owner was both president and chief-executive who single handedly undertook all the functions required to operate the organization, including accounting, inventory control, public relations, research and so on. The owner personally gathered information necessary to carry out various functions, either using it as it was gathered or storing the information in his memory for later retrieval. Once a decision is made, the owner undertook the necessary action himself. For a small organization, the owner-oriented information system was often very efficient. For the owner himself, a highly integrated information system Continue reading
Case Study: Success of Amazon’s Kindle Fire
In 2007 Amazon introduced the first Kindle e-reader for $359, their first foray into selling a tangible product under their own brand. The media quickly named the product an e-reader, a limited use mobile device designed for downloading and storing content from online. Perpetuating a successful, yet deceptively simple business model, the Kindle e-reader made “online [book] shopping so easy and convenient,” customers could browse, download and read books, magazines and newspaper content, at the click of a button on the Kindle. The e-reader market perked up as Amazon offered an affordable price point of $9.99 for book downloads and blended it with an easy to read e-ink, glare free device along with a simple user interface and operating system. Kindle’s launch success became the catalyst that opened up the e-reader market for big box book retailers, Barnes and Noble and Borders bookstores who shortly followed with introductions of their Continue reading
ERP Software Cost
Enterprise Resource Planning (ERP) packages are very expensive. Let us be clear. If you have already have some system or not, once you decide to go for ERP, you need to plan well. The entire project cost is not the only the ERP Software cost. It includes hardware, software, implementation, consultation charges, sensitizing employees to ERP and training them. Hence, if you come across some one indicating only the ERP software cost, do not get carried away. Every ERP implementation needs careful planning. Once the Enterprise identifies a few specific ERP software, ERP companies or their consultants may be asked to give you some presentation as to why should their ERP software be bought. Do not expect to get the total ERP implementation costs including ERP software cost in this presentation stage. You need to technically evaluate all the suitable ERP software packages. If you have internal expertise or a Continue reading