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    Role of Information Systems in An Organization

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    Fabeel Bundhoo
    An information system is a set of components that work together to manage data processing and storage to support key business operations like communication, record keeping, and decision making. Information systems typically include software, hardware, and telecommunication networks. They provide many benefits to organizations like automating tasks to reduce errors, enabling easy access to and analysis of large data sets, and helping make smarter business decisions. Common types of information systems include business intelligence systems, enterprise resource planning software, and customer relationship management tools. Overall, information systems can give companies a competitive advantage through faster and more informed decision making.

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    Role of Information Systems in An Organization

    Uploaded by

    Fabeel Bundhoo
    8 views3 pages
    An information system is a set of components that work together to manage data processing and storage to support key business operations like communication, record keeping, and decision making. Information systems typically include software, hardware, and telecommunication networks. They provide many benefits to organizations like automating tasks to reduce errors, enabling easy access to and analysis of large data sets, and helping make smarter business decisions. Common types of information systems include business intelligence systems, enterprise resource planning software, and customer relationship management tools. Overall, information systems can give companies a competitive advantage through faster and more informed decision making.

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    An information system is a set of components that work together to manage data processing and storage to support key business operations like communication, record keeping, and decision making. Information systems typically include software, hardware, and telecommunication networks. They provide many benefits to organizations like automating tasks to reduce errors, enabling easy access to and analysis of large data sets, and helping make smarter business decisions. Common types of information systems include business intelligence systems, enterprise resource planning software, and customer relationship management tools. Overall, information systems can give companies a competitive advantage through faster and more informed decision making.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8 views3 pages

    Role of Information Systems in An Organization

    Uploaded by

    Fabeel Bundhoo
    An information system is a set of components that work together to manage data processing and storage to support key business operations like communication, record keeping, and decision making. Information systems typically include software, hardware, and telecommunication networks. They provide many benefits to organizations like automating tasks to reduce errors, enabling easy access to and analysis of large data sets, and helping make smarter business decisions. Common types of information systems include business intelligence systems, enterprise resource planning software, and customer relationship management tools. Overall, information systems can give companies a competitive advantage through faster and more informed decision making.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 3

    ACCOUNTING

    Role of Information Systems in an


    Organization

    By: Andra Picincu


    Reviewed by: Michelle Seidel, B.Sc., LL.B., MBA
    Updated November 02, 2018
    baranozdemir/E+/GettyImages

    Related

    What are the Advantages of Using Information Technology?

    Any business, big or small, must have a system in place to collect, process, store and share
    data. In the past, these tasks required a lot of time and paperwork. Today, companies use
    modern technology to streamline and automate these operations. Information systems are
    now playing a crucial role in data processing and decision making. When used correctly, they
    can positively impact an organization's overall performance and revenue.

    What Is an Information System?


    At the most basic level, an information system (IS) is a set of components that work together
    to manage data processing and storage. Its role is to support the key aspects of running an
    organization, such as communication, record-keeping, decision making, data analysis and
    more. Companies use this information to improve their business operations, make strategic
    decisions and gain a competitive edge.

    Information systems typically include a combination of software, hardware and


    telecommunication networks. For example, an organization may use customer relationship
    management systems to gain a better understanding of its target audience, acquire new
    customers and retain existing clients. This technology allows companies to gather and
    analyze sales activity data, define the exact target group of a marketing campaign and
    measure customer satisfaction.

    The Benefits of Information Systems


    Modern technology can significantly boost your company's performance and productivity.
    Information systems are no exception. Organizations worldwide rely on them to research and
    develop new ways to generate revenue, engage customers and streamline time-consuming
    tasks.
    With an information system, businesses can save time and money while making smarter
    decisions. A company's internal departments, such as marketing and sales, can communicate
    better and share information more easily.

    Since this technology is automated and uses complex algorithms, it reduces human error.
    Furthermore, employees can focus on the core aspects of a business rather than spending
    hours collecting data, filling out paperwork and doing manual analysis.

    Thanks to modern information systems, team members can access massive amounts of data
    from one platform. For example, they can gather and process information from different
    sources, such as vendors, customers, warehouses and sales agents, with a few mouse clicks.

    Uses and Applications


    There are different types of information systems and each has a different role. Business
    intelligence (BI) systems, for instance, can turn data into valuable insights.

    This kind of technology allows for faster, more accurate reporting, better business decisions
    and more efficient resource allocation. Another major benefit is data visualization, which
    enables analysts to interpret large amounts of information, predict future events and find
    patterns in historical data.

    Organizations can also use enterprise resource planning (ERP) software to collect, manage
    and analyze data across different areas, from manufacturing to finance and accounting. This
    type of information system consists of multiple applications that provide a 360-degree view
    of business operations. NetSuite ERP, PeopleSoft, Odoo and Intacct are just a few examples
    of ERP software.

    Like other information systems, ERP provides actionable insights and helps you decide on
    the next steps. It also makes it easier to achieve regulatory compliance, increase data security
    and share information between departments. Additionally, it helps to ensure that all of your
    financial records are accurate and up-to-date.

    In the long run, ERP software can reduce operational costs, improve collaboration and boost
    your revenue. Nearly half of the companies that implement this system report major benefits
    within six months.

    At the end of the day, information systems can give you a competitive advantage and provide
    the data you need to make faster, smarter business decisions. Depending on your needs, you
    can opt for transaction processing systems, knowledge management systems, decision
    support systems and more. When choosing one, consider your budget, industry and business
    size. Look for an information system that aligns with your goals and can streamline your day-
    to-day operations.
    References

     Britannica: Information System


     Finances Online: What Is ERP Software? Analysis of Features, Types, Benefits,
    Pricing
     Select Hub: Benefits of Business Intelligence Software
     Management Study Guide: Importance of Customer Relationship Management
    (CRM)

    Resources

     Information Security Today

    About the Author

    Andra Picincu is a digital marketing consultant with over 10 years of experience. She works
    closely with small businesses and large organizations alike to help them grow and increase
    brand awareness. She holds a BA in Marketing and International Business and a BA in
    Psychology. Over the past decade, she has turned her passion for marketing and writing into a
    successful business with an international audience. Current and former clients include The
    HOTH, Bisnode Sverige, Nutracelle, CLICK - The Coffee Lover's Protein Drink,
    InstaCuppa, Marketgoo, GoHarvey, Internet Brands, and more. In her daily life, Ms. Picincu
    provides digital marketing consulting and copywriting services. Her goal is to help businesses
    understand and reach their target audience in new, creative ways.

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