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ACC508 - Informatics and Financial Applications

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Informatics and Financial Applications (ACC508)

   

Added on  2020-02-24

ACC508 - Informatics and Financial Applications

   

Informatics and Financial Applications (ACC508)

   Added on 2020-02-24

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Informatics and Financial ApplicationsRetail IndustryInformatics and Financial Applications[Name of Course][Assignment][Name][Name][Student Name]
ACC508 - Informatics and Financial Applications_1
Informatics and Financial ApplicationsRetail IndustryExecutive SummaryAt the inception stage, information technology (IT) was seen as a luxury item that facilitatedthe distribution and availability of information. This outcome made the technology acomplementary item that was only used by successful businesses with the necessaryresources to support its extensive requirements. However, flash forward to today and theoutcomes are completely different as IT is now used in all businesses including start-ups thatdo not have any form of income. In fact, enterprises will now start by developing the ITinfrastructure before formulating the business model. Now, why is this so? Well, IT offersextensive resources that support all other functionalities of business from resource allocationto product deployment. Furthermore, the technology offers many benefits through itsoperational elements such as information systems (IS) where management is done throughcentralised applications. These benefits are illustrated in this report where decision supportsystems are used to facilitate business decisions in the retail industry. Moreover, cloudcomputing is defined based on the needs of business where again its virtualization tacticscollaborate with the needs of IS, a formidable combination that facilitates better businessoutcomes. Keyword: Information technology (IT), Information system (IS), Cloud computing (CC),Decision support systems (DSS).[Name][Student Name]
ACC508 - Informatics and Financial Applications_2
Informatics and Financial ApplicationsRetail IndustryTable of ContentsContents PageIntroduction........................................................................................4DSS in retail business........................................................................4CC in retail business..........................................................................5Conclusion...........................................................................................7References............................................................................................8Table of FiguresFigure 1: DSS in the marketing process...............................................................5Figure 2: Cloud vs. in-house facilities in office automation (IS services)...........6[Name][Student Name]
ACC508 - Informatics and Financial Applications_3

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