(Technology Supporting Business Processes 1) - Assignment Example

Role of Business Information System The success of business globally in the twenty first century is greatly attributed to the incorporation of information systems. They play a significant role of generating accurate information about consumers; markets; and participant of a similar sector. Generally information systems are made up of individuals; communication gadgets; software; hardware; network channels; and information resources (data) (Wigand, Mertens, Bodendorf, & Picot, 2003). The main role of information systems is usually to aid a business attain maximum productivity.

Information systems influence businesses to be more competitive, efficient and profitable.To begin with, management of business usually requires efficient collection and allocation of information. Through the use of information system this process has been made more efficient. Reason being, it has facilitated speedy transfer of information among different level of management. This has to a great extent minimized costs associated with meetings. Moreover, the information system has enhanced sharing of information amongst employees of an organization; this has been made possible through storing files at a central point accessible to certain employees.

Consequently, the business becomes more competitive. (Markgraf & Media, 2010)The management process of a business is usually dependant on the information in hand. Through the use of information systems business can get up to date information about their markets; consumers; and competitors. Consequently, it makes the business to be more efficient and competitive. As an illustration, sales information provides an overview of what consumers are really purchasing. For this reason, business will stock and manufacture products that are in great demand.

This minimizes loses making the business profitable. (Markgraf & Media, 2010)Most of the businesses require record keeping. This is usually meant to monitor performance of the business in all its sectors (production, marketing, etc). The information system provides an efficient and cheap platform to do so. As an illustration, a business information system has the ability to store communication and financial records; modification histories; and performance data. The information stored can be useful in a number of ways; for instance: estimating costs and analyzing performance of a business.

(Bocij & Chaffey, 2003) In conclusion, through enhancing communication, record keeping and business operation (transaction, managing, etc); business information system makes a venture competitive, efficient, and profitable. ReferencesBocij, P., & Chaffey, D. (2003). Role of Business Information System. In I. t. System, Business Information System. New York: Financial Times/Prentice Hall.Markgraf, B., & Media, D. (2010). Importance of Information System in an Organization. Retrieved July Thursday, 2014, from Chron: http://smallbusiness.chron.com/importance-information-systems-organization-69529.

htmlWigand, R. T., Mertens, P., Bodendorf, F., & Picot, A. (2003). The Subject of Business Information System. In R. T. Wigand, P. Mertens, F. Bodendorf, & A. Picot, Introduction to Business Information System (pp. 1-2). New York: Springer Science & Business Media.