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Significance of Business Technology System Report - Nisa Ltd

   

Added on  2020-06-04

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BUSINESS INFORMATIONTECHNOLOGY SYSTEM
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1P1 Use of IT system...............................................................................................................1P2 IT system contributes in achieving objectives..................................................................2P3 Different ways of storing and processing for knowledge management............................2P4 Evaluation of Information technological system for making improvement in businessoperations, sustainability and performance of Nisa Ltd.........................................................6P5 Practical IT solutions for common business problems within Nisa Ltd...........................7CONCLUSION................................................................................................................................8REFERENCE.................................................................................................................................10
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INTRODUCTIONInformation technology is a way to transfer data from one system to another as wellessential to record financial transactions systematically. On behalf of this, decisions are maderegarding business operations and managing its entire activities. This report is to understandsignificance of business technology system for Nisa Ltd. In this regard, impact oncommunication process and management of business operations of the entity can be described.However, different ways to store data for decision making on business activities will beintroduced. Including this, practical solutions for reducing common business problems of theorganisation can be discussed. Therefore, importance of information technology process inimproving quality services and managing business operations of Nisa Ltd can be understood withthe help of this report.MAIN BODYP1 Use of IT systemBackground of the companyNisa Ltd is small scale retail sector organisation of UK provides groceries and homeproducts across the country. However, demand for its services is quite effective impact onprofitability, marketability and competitiveness of the enterprise (Schwalbe, 2015). Similarly, itmaintains good relations with customers including agents and other business entities. Along withthis, its workers deal with customers in well mannered for which they get satisfied with itsservices at maximum level. Moreover, its all business operations are managed manually of eachfinancial transaction which takes much time for recording and decision making regardingbusiness operations. Therefore, it is planning for adopting information technology system forrecording financial transactions and managing business operations more easy and convenient. Inthis regard, this report is to provide significance of technological advancement for sharing data,improving business performance and managing its business operations more efficiently. Thus,importance of information technology for recording financial transactions and company'sinformation for decision making is understood through this assignment (Lloyd, 2017).Manual process intent to transfer informationIt is analysed that Nisa Ltd is recorded data and follows manual process for businessoperations and decision making. In this process, data are recorded in old system manner in which1
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financial tools and budget planning and other factors are implemented for planning and decisionmaking. However, in recent time, it is following on method for data recording which is lengthyand expensive too. There is need for adopting information technologies tools for data recordingand decision making in terms for further years' implementations effectively (Galegher, Kraut andEgido, 2014).P2 IT system contributes in achieving objectivesInformation system contribute in the success of the organization. It is beneficial toolthrough which entity can maintain and record well. That supports in effective utilization ofresources and minimizing wastage. That can assist in reducing errors that would help thecompany in accomplishing its objectives. By using IT system Nisa Ltd can easily ensure qualityof works and can make effective control over operations. That can support the entity in meetingwith its objectives. P3 Different ways of storing and processing for knowledge managementKM is beneficial in disclosing hidden knowledge and enhancing techniques for datastorage and managing them as well. However, it includes all areas of firm for managingresources and technological advancement in them. It includes systems as data mining, decisionsupport system, document management system, simulation tools and so on. Therefore, properknowledge is to design and implement management systems for Nisa Ltd. With the help of thistool, critical evaluation on organisation's performance is analysed including management ofbusiness operations, technological advancement, understanding with specific subject matter aswell appropriate organisational culture (Wang, Chen and Benitez, 2015). Including this, it isessential for improving business performance and qualities of its services. Apart from this,different ideas are generated for managing business tools and improving communication processfor data sharing efficiently. However, proper result can be determined in terms of managing andimplementing business operations. Thus, it is efficient for managing resources and fund of theorganisation regarding business activities and managing all operations. Likewise, information systems are benefited for storing data systematically usingMicrosoft excel sheet, in presentation form, word document etc. However, sharing of thisinformation is also done through email, using company's portal, SQL, MSQL and other tools.However, storage and sharing of data will be easy for Nisa Ltd affect decision making for furtherimplementation and preparing strategies efficiently. Moreover, different information processing2
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