Summary on Information System For Business

Effectiveness
The wider use of computers & telecommunications has led to a growing preference by
business organisations to go digital. A robust Information system is one of the main pillars
for an organisations development, growth & survival in the market .Information system is
evolving day by day. Managers within an organisation should be aware & receptive to the
changes taking place & stay updated.

Information system has brought along with it opportunities & threats. Identifying
opportunities & implementing them by innovation can provide a competitive edge to the
organisation. With products & services being provided by public & private enterprises, the
use of communication and information technology creates real time connectivity with
customers & solutions are driven so to say by the speed of thought. Bill Gates, founder of
Microsoft called this Digital Nervous System where everyone has access to data that enriches
his job & performance.

An organisation can internally connect all its executives & offices through private internet
arrangement called intranet. While it will be possible to access the public internet through an
intranet freely it is not possible to access intranet facility except through password restricted
access. This restricted access has increased commercial opportunities to business / service
providers who provide database access to their customers as an extension of intranet to
download information, facilitate online purchases or ascertain their account balance status.

A companys brand value, customer base, productivity customer delight, work force
administration etc. are interlinked to its information system vide web based portals. Online
exchanges & electronic data interchange (EDI )These have now permitted users to get to
know each other through websites & with such information confirmed by video
/teleconferencing,

Once a business is finalised, electronic records are generated from information input made
only once & which simultaneously pops up in technical, accounts & statistical Departments.
.Statements rendered for confirmation to settle are followed by EDI settlements & online
payments.

With correct development. Deployment & usage of information systems. Organisation can
achieve lower cost, improved growth in the bottom line as well as top line and competitive
edge in the market. The readiness of the workers into accepting the information systems is the
key in realising their full potential,

The development & implementation of information system has revolutionised the way
business is conducted. It has immensely contributed to business effectiveness as a powerful
Catalyst to performance & growth.