Information Technology In Making Business Decisions - Assignment Example

Running Head: MIS PROJECT MIS Project Name Institution INFORMATION TECHNOLOGY IN MAKING BUSINESS DECISIONS. Information technology is the presentation of computers and telecommunications equipment to store, recover, convey and handle complex data, often in the setting of a business or other enterprise. In business decision-making, there are diverse decision-making processes that include programmed decision and non-programmed decisions. As well as classical economic model and administrative model Business organizations require an information technology application to support efficiently and effectively a single or multiple business developments. The decision must be made effectively at all level of administration of a business. Making these decisions from information system applications consists of the following: STAGE I: RECOGNIZING, FORECASTING, MODERATING THE INFORMATION AND SYSTEM REQUIREMENTS The most vital or critical evaluations in making these processes is categorizing the industry objectives subsequently the paramount and significant problems are solved. The organization ought to point out the processes involved in the business organization. This phase should be in parallel with the business and the company objectives and the business plan. The organization should procure subsequent information technology system or else it will be a major problem in the business company. The system should define the purpose of the system. Thus the defined issue should be solved, goals achieved, and accomplishment of the system processes. The production of this phase is a resolution to go with exact presentation, program, financial plan, and system outlooks. STAGE II: REFORMATION INFORMATION SYSTEM STRUCTURE An organization that is still in the development of securing information technology should adapt and adjust its information system structure. The conceptualization of the methods organization’s data goals gets achieved through the capabilities of the definite applications. This structural strategy nevertheless defines the course of the information, data pyramid, presentation functionality, practical viability, and organization design in the business. The productivity at this level should be a considered as the development level on how to cultivate detailed presentation that encounters the controlled well-defined by the information technology. Therefore, the application assortment possibly will be transformed equivalent to this structure. Diagram presentation of information technology in business making decision. 1. Delivery of agreed services levels at optimum costs. 2. The Definition of projects with the set goals. 3. The Preparation of the organization for the introduced changes. 4. The Building and deployment of flexible and scalable solutions. 5. The Delivery of services, solutions, and organizational schedules. There are three primary information technology decision-making process. Business is about technology in this 21st century and a transactional key that can fit in our day to day tasks. Bussiness accomplishes such while facilitating to achieve superior control of our business and hence creates an environment that makes our managers and decision makers make critical decisions. Organizations and corporations that assimilate these resources for actual decision-making can enterprise their economic benefits, the computer-based demonstrating manner in provision semi-structured business decisions. Management Information Systems: delivers information in the custom of reports and demonstrations to managers and numerous corporate authorities that aid their day-to-day policymaking requirements. Normally the information has been definite in progress to encounter sufficiently the opportunities on useful and tactical intensities of the business. Decision Support Systems are computer-based material schemes that deliver cooperative material support to administrators and business authorities during the managerial process. DSS use logical representations, focused catalogs, a decision maker's perceptions and rulings, and a shared. Executive Information Systems are information systems that syndicate numerous of the investments of MIS and DSS. Here the data is accessible in systems personalized to the likings of the executives via the organization system, such as graphical manipulator boundary, commissioned to the administrators graphics exhibitions, exception finding, development exploration, and attitudes to 'drill-down' and recover presentations of associated data rapidly at inferior heights of factors. Specialized Processing Systems are information systems categorized as practical commercial classifications, tactical data structures, awareness administration structures, and professional systems. Application of information system in business decision making Advantages of information technology in business decision-making process • Support and maintenance business decision. • It Leads to Reduction of human labor. • Provision and upkeep of long and short term business objectives and goals. • Globalize the business opportunities. • Creation and establishment of new jobs. • There is cost reduction in the organization. Disadvantages of information technology in business decision-making Kenya. • Operation expenses in small business since they cannot afford the high technology. • There is job elimination since organizations will be defendant with technology. • There are threats and security breaching, viruses, and loss of complex data. • Deprived publication of information online. • Over dependence on the information technology. ORAL COMMUNICATION Oral Communication is the attitude to the dialog by exchanging to pass information & thoughts, concepts, perceptions and impressions such as: ask inquiries, provide information, harmonize effort responsibilities, enlighten & influence. It is the progression of locally or orally conveying information and philosophies from a single distinct or cluster to additional group or individual. Verbal communication can also get official or casual. Formal oral communication comprises: • Exhibitions at professional assemblies. • Tutorial room lectures. • Initiation dialogue. Informal oral communication includes: • Face-to-face dialogues • Telephone talks • Debates that proceeds place at commercial consultations Advantages • There is swift resolution. • There is additional rigidity in verbal communication; • Diverse aspects can be argued of a concern and brand resolutions more swiftly than you can in the script. • Oral communication can be principally actual in addressing struggles or difficulties. Conversing things above is frequently the paramount way to fluster deviations or confusions. • It is an abundant tactic to uphold employee optimism and sustain liveliness and passion within a group. Disadvantages • Arguing significant information has to be documented by means of written statement. • A lot of trades in the commercial world necessitate selected nature of transcribed record. • Oral communication inclines to be less comprehensive and further subject to mix-up than inscribed communication. ORAL COMMUNICATION SKILL Pay attention Pay attention is one of the utmost central aspects of real communication. Effective listening does not just accepting and understanding the arguments or the material being communicated, but similarly understanding how the orator impressions about what they’re communicating. Active listening can: • Create the orator since received which can benefit and build a durable, abysmal linking amongst you. • Generate an atmosphere where individual feels harmless to prompt concepts, beliefs, and moods, or strategize and delinquent solves in original techniques. • Protect phase by facilitating illuminate material, evade engagements and confusions. • Get rid of destructive reactions. When sentiments are consecutively at elevation, if the orator senses that he or she has been actually received, it can assist them to calm them down, boot out undesirable moods, and agree to genuine empathetic or difficult resolving to initiate Nonverbal communication Once people communicate, they do so essentially by means of nonverbal indications. Nonverbal communication, or body semantic, embraces facial languages, gestures, eye interaction, and posture, and the nature of your speech. Management of pressure or anxiety Anxiety can aid one to accomplish difficulties under pressure. Nevertheless, once stress befits continuous and irresistible, it can hinder real communication by distracting your volume to meditate openly and innovatively, in addition, performance appropriately. Emotional awareness The perception of your sensitive know-how and the capability to accomplish all of your outlooks suitably is the foundation for actual communication. Emotional awareness benefits in various ways: • Comprehend and have compassion with what soothes other societies. • Recognize your abilities, comprising what’s categorically concerning you and what you certainly need. • Stay interested to appreciate and commiserate by the individual, you’re networking with, • Communicate visibly and efficiently, straight the minute one is conveying undesirable communications. Diagram QNB QATAR NATIONAL BANK APP This is a mobile banking system application that is used for business purposes that you can suitably and appropriately access account and credit card balances, payment of bill and debts, currency allocation and transfers, trades account and additional features that are at liberty of charges. This application based in Qatar for its citizens who are using this finance classification. Not only in Qatar but the user can use it whenever he/she is located mostly on the European continent. Any mobile device like androids, blackberries, tablets, Apple phones can support this mobile banking application, provided it has the device has a WAP link Java-enabled scheme, internet over GPRS, 3G, WLAN. This application has diverse structures and remunerations to the user such as; account stabilities, accounts, contracts and business particular inquiries, expenditures, achieve confined and global transfers, aptitude to supplement, transform and delete benefactors. This app is easy to install and user - friendly and easier to use the minute you have acquired it, its features enables you to use it with comfort. Depending upon the kind of device one is using the purposes and its features does not change at all. This application was introduced in the market in 2013 in different arcades such as Google play, app store, apple store which gives it an upper hand to download it in different platforms such as Windows, Linux, apple and android. It has empowered it to be vastly downloaded since many people want an easy access to the banking system at the click of your fingers. It is highly rated though with some upgrading and development it needs through the feedbacks of different users still it offers and provides its services. Diagrammatic representation of Qatar National Banking App Mobile platform Desktop platform Alrayan Bank App This application was developed to allows an individual to make Online Banking and lets you access your account and take benefits of extensive variety of services, access your accounts at your suitability, observation of transactions online transfer currency between your accounts and pay bills The application amenities provided by automated mobile banking, it aids with things such as checking new cards, cheque books, disbursing in books and accounts and declarations. It also includes new account requests and overall account queries. This mobile application is compatible Devices and platforms such as Apple IOS, iPhone, iPad, Android, Samsung Galaxy but above all it merely supported with the blackberry devices. Though the app performs its specified services, the name clearly reflects the purpose of its owing company with the kind of services it provides. It is so because it gets limited to alrayan bank only one cannot make transactions or any business related to the banking system with different banking system because it gets only mandated to alrayan bank. It gets not that well branded and recognized globally but only to Qatar residents not highly rated because it only provides services to alrayan bank clients. With different background and nationality, it’s very hard to spot it in different markets because of the name although it is available in the market like Google play and play store. It makes it hard for the app to be used by many individuals because the app mostly uses Arabic language to operate it, hence engaging the app in the market makes it challenging and demanding. Its features are in an Arabic language that makes it rigid for someone who is not familiar with Arabic to use it therefore it is not user-friendly. It can accomplish and execute its responsibilities and duties in different platforms such mobile devices and desktops for an individual to carry out transactions. Diagrammatic representation of Alrayan Banking App Mobile platform Desktop platform EMIRATES NBD MOBILE APP Emirates NBD’s first-hand mobile banking application, generated to offer fast, appropriate and valuable banking and financial services. It is also an application that is suitable for investment purposes though in a different techniques and executions in the following manner.Allocation and transmission of funds to Emirates NBD, EIB, and other banks in the UAE. The app is also available overseas and manage your benefactor list primarily by means of your device, Retain dispatches about the modern promotions and merchandise advancements and many more This application executes its obligations as the name states it’s renowned in the UEA and globally because of the owing company. The services are not payable to any customer even from different platforms.It is a key competitor in the UAE commercial banking arena and has substantial Islamic Investment and banking system, International Markets & Capital, Private Banking, Asset Management and Brokerage set-ups. The services this application is providing has made it globally acknowledged and branded from a different continent. It is user-friendly because of its features that make it easier to use it, easier to spot it in the market. It is so because of the theme of the bank and the application appeal the developer used to sell the application it can get downloaded in Google play. It has facilitated the application enter the market subsequently well. English has got used in this application also makes it suitable for any user because this is the widely spoken language in the world. This form is also highly rated because its fast and the kind of the services it provides many users have appreciated and found it more suitable to use it. Diagrammatic representation of Emirates NBD App Desktop Platform Mobile device Platorm .BANK OF ENGLAND APP Bank of England app used for inspection your banknotes. Co-operative monitor to the security structures on contemporary Bank of England notes, comprising of full descriptions of the banknotes together with a rear light utility and observing above ultra-violet light. There is also broad information, comprising of what to do if you consider you have an imitation note. This app was presented and introduced by the Bank of England. It has been used by numerous users since there are subsequently many individuals globally who use the dollar currency for trade and informative resources, more available to vendors, industries and associates of the public. Since dollar currency gets vastly used in the Europe, it has given this app an upper stage in the market. The name of the app conceals its drive and the kind responsibility it executes hence the app brands it significant with the requirement by the developer visa via the user. This app is available in different markets that are Google play, play store, apple store and 1mobile market so that it favors different users depending on the device. It is only compatible with the mobile platform; iPad, iPhone, tablets and mobile phones that have an Android, IOS, BlackBerry and cannot work on the desktop platform. It is user-friendly since it humble and modest features that can be quickly adopted by the user and similarly the manual provided by the developer on how to use this app. The users highly rate it because through the development of this app and the provision of its work many users reassures new-fangled individuals and introduce them to the app. Diagrammatic representation of the Bank of England App Recommendation The content app gets generated by contextual and processing. In mandate for your application to aid to your references, create a package that periodically complements items from your app's collection to the structure's list of the app. Base your app on user activities and data such as play gradients, aspiration lists, and related content. When stimulating the app recommendations, observe the negative impact but also the positive, because doing so causes the endorsements to appear at the end of the app preference. The command of an app's recommendations is conserved permitting to the demand in which the app be responsible for them. The basis incorporates the app sanctions grounded on the app quality, as dignified by user activities. One of the exclusive structures of device applications is location consciousness. Device users yield their devices with them universally and adding site responsiveness to your app compromises users a more background familiarity. The location available in Google Play, play store facilities facilitate tallying locality alertness to your app with programmed location tracking, and action gratitude. Give and provide the app an advantage on the rivalry and competition. If you need to go past the basic user interface is through creating a beautiful visual know-how of the application. As a new entrepreneur, I will have to create a mobile app that will aid me in marketing my business locally and globally. I will create an application that will have a calm theme easy to spot because most of the apps tend to have too dull or bright colors that may irritate some users once they spot it or download it. Make the application available in most of the spoken languages globally such as English, Arabic, Spanish and German so that it won’t bar most people from using my application. Make it available for all platforms as much as possible especially during this period there is too a lot of technology coming up. We will have to develop an app that can perform I different platform. Also availability in the market, e.g., Google play, Apps Store, 1Mobile market, Nokia store and IPhones. So that it can suit all users globally. It will have to minimize the charges of the users so that the business can run smoothly too. The name of the app will also have to correspond with the model of business that I will be engaged. In such case, the business and the app can have relevancy to the new users and the users of the app. This application should also have a category whereby once it starts to come up with problems one should be able to complain or recommend on what should be done and adjusted in the app. Thus, it can have an easier time accessing it and using it at any given time. It should also exist in multiple brands so that if one does not like a particular brand then he/she can adjust and have another brand of the same app. The quality should be appealing to the first usage of this app one will be interest to more about this application. It should not get limited to specific users but to be unlimited this will create the awareness of my new business and app. REFERENCE Read More