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Trend Analysis of Management Inform
Trend Analysis of Management Inform
Miriam Garbarova
Juraj Fabus
University of Zilina, Faculty of PEDAS, Department of Communications
Zilina, Slovakia
miriam.garbarova@fpedas.uniza.sk
juraj.fabus@fpedas.uniza.sk
Summary
Authors of the paper aim to present the trend analysis of the management information systems which
is based on the secondary research consisting of the previous research conducted by domestic and
foreign authors, as well as the industry reports published by the leading global market intelligence
firms. As a result, it can be assumed that the market size and revenues in the industry will struggle to
rise due to the fact that the most of the organizations have already implemented some management
information system thanks to their important and irreplaceable role in any organization. The space
for the future research was identified in conclusion.
T
he growing importance of information in the modern world is crucial for any
organisation’s success regarding its type. That is why information connected
with modern technologies had served as the basis for creating information
technologies. When the business needs were added, the concept of management
information systems arose.
In addition to working with data, the information system can evaluate and process
this data according to the user’s requirements. In current practice, information
systems that enable user communication and support of business processes are
mainly used (Huzvar & Laco, 2014).
The main functions of the management information system are inputs, processing,
outputs and relevant feedback. When closely looking at the management information
system, it is necessary to state that it includes (O'Brien & Marakas, 2008):
– raw data stored in company databases and documents,
– administrators who take care of the management information system,
– users who use the management information system,
– information technology represented by hardware, software and network
equipment.
2. METHODOLOGY
The paper is based on existing research by Mirtsch, Kinne & Blind (2021); Yuan,
Qiu, Bi, Chang & Lam (2020); Firoiu & Bacivarov (2019); Gejdos & Rentkova
(2019); Gorzelańczyk & Kaczmarek (2019); Katuscakova (2019); Pop & Titu (2018);
Rentkova & Vartiak (2017) and Vinogradova & Galimova (2017) dealing with the
management information systems issue. The paper aims to provide an analysis of
trends in management information systems. The publications by NASSCOM (2019),
IDC (Kolodgy, 2015), DB-Engines (2020) and the Ponemon Institute (Encryption
Consulting, 2020) were used as main sources of the trend analysis. The methods of
analysis, synthesis, statistics, induction and deduction were used. To fulfil the paper’s
aim, it is divided into introduction and theory, methodology, results and conclusion.
3. RESULTS
Fig. 1. The market size of information technology and business process manage-
ment from 2014 to 2018.
In 2018, 198 billion U.S. dollars was spent on business process management
globally. It has gradually grown from 181 billion U.S. dollars in 2014, 176 billion
U.S. dollars in 2015, 183 billion U.S. dollars in 2016 and 189 billion U.S. dollars in
2017. Compared with information technology services, packed software, hardware
and engineering, research and development, business process management, which
includes management information systems, represents the smallest market share.
In 2016, security device systems management generated less than 150 million U.S.
dollars in revenue. The revenues development shows the declining trend from over
273 million U.S. dollars in 2009, representing a decline of more than 43%.
The statistic shows the level of use of various management information systems from
the fiscal year 2016 to the fiscal year 2019. As of 2019, 51% of respondents said that
their organizations have a formal management infrastructure, 47% has a formal key
management policy, 34% uses a manual process, 29% has a central key management
system or server, 36% uses removable media and software-based key stores and
wallets, and 20% uses hardware security modules and smart cards.
CONCLUSION
The paper deals with management information systems as a crucial part of every
organization. Inspiration for the paper was based on the analysis of the previous
research conducted by domestic and foreign authors, as well as the industry
reports published by the leading global market intelligence firms. The paper aimed
to provide an analysis of trends in management information systems. As a result,
the market of information technology and business process management, which
is the main market for management information systems, continues to struggle in
its development. This is followed by a decline in revenues by more than 43% from
2009 to 2017. On the other hand, Oracle, MySQL and Microsoft SQL Server are the
most popular management information systems as of December 2020. In addition,
management information systems in use from 2016 to 2019 show that they are mainly
used from a formal key management policy. On the contrary, unclear ownership, lack
of skilled personnel and isolated and fragmented systems were identified as the main
difficulties of management information systems. To conclude, inspired by previous
research (Vartiak, 2015; Vartiak, 2016b; Yadiati, 2019) and their results stating
that every company strives for success, especially e-commerce companies that can
survive not only on the strength of the product, but with a reliable management team,
efficient information technologies and excellence in every activity, authors were able
to identify the starting points of future research, such as the critical success factors of
companies using management information systems.
REFERENCES
1. DB-Engines. 2020. Ranking of the most popular database management
systems worldwide, as of December 2020. [online]. Retrieved 2021-03-13 from
https://www.db-engines.com
2. Encryption Consulting. 2020. 2020 Global Encryption Trends Study. Traverse
City, MI : Ponemon Institute, 2020.
3. Firoiu, M. & Bacivarov, I. C. 2019. A Quantitative Method for Multicriteria Analysis
of the Assets of a Critical System in the Management Process of Information
Security. Quality - Access to Success 20(173): 138–144.
4. Gejdos, P. & Rentkova, K. 2019. Impact of quality management principles
on business performance of wood processing companies in Slovakia. In:
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6. Huzvar, M. & Laco, P. 2014. Informacne technologie v ekonomickej praxi.
Bratislava : Wolters Kluwer, s.r.o., 2014.
7. Jankalova, M. & Vartiak, L. 2016. Corporate social responsibility issues in
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8. Katuscakova, M. 2019. Od informacnej vedy k znalostnej vede. Knižničná
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9. Kolodgy, C. J. 2015. Worldwide Security and Vulnerability Management 2013-
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https://www.qualys.com/docs/idc-worldwide-vulnerability-management-
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10. Mirtsch, M., Kinne, J. & Blind, K. 2021. Exploring the Adoption of the International
Information Security Management System Standard ISO/IEC 27001: A Web
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11. NASSCOM. 2019. The IT-BPM Industry In India 2019: Decoding Digital. Uttar
Pradesh : NASSCOM, 2019.
Acknowledgement
The paper was undertaken as a part of a research project CIS 07711134.