Role of Information Technology in Success of Frasers Group plc
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The study reviews the role of Information technology in the success of Frasers Group plc. It covers the social and ethical issues, different types of networks, and the significance of internet and intranet in the company.
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INTRODUCTION TO INFORMATION TECHNOLOGY
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ABSTRACT The study reviews role of Information technology in success ofFrasers Group plc. The study had defined information technology and its use in organization. It has covered the social and ethical issues that affect to running organization. The report had differentiated various types of networks. The study had discussed significance of internet and intranet in the company. It had explained different stages of system development life cycle. Through this study student is able to grasp a deep knowledge of computing terminologies.
Table of Contents ABSTRACT................................................................................................................................................2 INTRODUCTION.......................................................................................................................................4 MAIN BODY..............................................................................................................................................4 Role of Information technology in failure or success of a business.........................................................4 Social and ethical issues related with technology that affects a running business....................................5 Difference between various types of networking technologies................................................................7 Importance of Internet and Intranet in chosen organization.....................................................................9 Various stages of System Development Life Cycle...............................................................................10 CONCLUSION.........................................................................................................................................13 REFERENCE LIST...................................................................................................................................14
INTRODUCTION Information technology refers as study of systems which are telecommunications and computers in order to retrieve, transferring of information and storing. Information technology plays a vital role to lead the company towards the success. The study is based on Frasers Group plc which is formerly known as Sports Direct International. It is a Public limited company. The company is founded in the year 1982. It is founded by Mike Ashley. The headquarters of firm are situated in Shirebrook in England. The firm deals in products such as sporting goods, shoes & boots, fashion clothing, cosmetics, accessories, home ware, furniture and electrical. The study will explain the role of IT in the business in context of its success or failure. Then, the report will identify the ethical and social issues which pertain to running organization.It will differentiate between various types of networks. Furthermore, it will discuss the significance of intranet and internet in the business. Lastly, it will define the various stage of system development life cycle. MAIN BODY Role of Information technology in failure or success of a business Information technology means the use of computers to transmit, retrieve, store and manipulating the information or data. This is typically used in context of organization as opposed to entertainment and personal technologies. Information technology is considered as subset of communication technologies and information. According toInman and Nikolova, 2017,it is stated that IT is the application of technology that helps to resolve the business problems at broader level. Information technology has its own significance to lead an organizationin order to achieve its desired goals. IT acts as a backbone forFrasers Group plc to exchange and communicating the information. IT helps to maintain coordination and synchronization between various departments of Frasers Group plc. This helps the company to take competitive lead. Information technology is also very important to do innovation. Information technology handles various functions that play a crucial role to keep the things running in the business. As per the view point ofKrishna, Akhilesh and Hegde, 2018, it is said that IT department in an organization is able to automate the production processes. IT department of Frasers Group plc is aligned with the organization goals
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that help to achieve the targets of the company on time with the help of Information technology. IT is helpful to complete the organization tasks vastly and even in less cost. According toit is stated that IT provides an edge to an organization that is needed for outsmart, out deliver and outpace the competitors. It is helpful to drive the business of Frasers Group towards the success. IT is much needed to take a lead from the competitors and gain competitive advantage in the firm. Business process remains insufficient if there is no use of information technology in the organization. Thus, Frasers Group plc use technologicalsoftware’sand equipment to remain competitive in the market. Electronic DataInterchangesoftware is being used by Frasers Group to track their inventories. This softwarefacilitatesthe manager to track the inventory level as direct transactions can be done from the company's stores to the vendors (Mikhailov and Razmochaeva, 2018). This system contains database that provide information to ordering systems. Automatic replenishment machine is being used to manage the restocking the stocks which are previously sold.Virtual shelves arealso used by the firm that helps to expedite on time replenishment and communication between vendors and retailers. Hence, Technology helps to increase the productivity of the company. To improve the customer service Frasers Group plc is using CRM software that allows the retailers to track their customers. Thus, by this customer satisfaction in the company getsincreased. In store interactive kiosks are used to provide consumers about the product details. This provides customers a convenient experience of shopping. Thus, by this sales inFrasersGroup get increased. The company is also using digital technology to improve the communication between their distributionchannelsand also started online sale of their products with the help of digital platform. Hence, company is able to generate high profitability with the use of technology. The effective implementation of IT helps the Frasers Group to decrease the liability and cost of failures. Social and ethical issues related with technology that affects a running business According toDacko, 2017,it is stated that Ethics are the principles which differentiate between wrong and right. It is about to maintain morality at the workplace. Information technology has raised various ethical questions as this is creating opportunity for intense society change,obligationsandrightsandthreateningdistributionsofpower.Also,information technology is associated with new types of crimes. IT gives a new rise with widespread of home computers and internet. This derivesto serve new social and ethical concerns. It is a matter of
protecting personal information and data while using online mode. Thus, online privacy is a measure concern of FrasersGroupplc. Social and Ethical issues linked with network security and privacy are discussed as follows - Technoethics- It refer as interdisciplinary research area which is concerned with ethical and moral aspects of technology in business and society. As per the view point of Mikhailovand Razmochaeva, 2018, it is said that technoethics signifies a business should focus on discovering an ethical use of information technology. Frasers Group has to protect against the misuse of technology in the organization. Implementation of Technoethics is must required because the information is transmitted on very quick basis between managers and co workers in the company which increase the risk of leak of private and confidential data of the company. Technology and business data- Technology is helpful for making business more efficient (Balaji, Roy and Chong, 2018). However, itinfluencesthe business of company. It alsoimpacts the employee and employer relationship. Employee has no right to use company assets or technological equipments for their privateuse;it means an employee cannot send private email to anybody by using technology of company. Social Media- Employers are nowadays taking help of technology to screen the applicants and for verifying their information duringrecruitmentand selection. The company doesn'tpossessany right to ask the employee to login into their social media account because it is not ethically and legally justified (Ethical and Social Issues in Information Technology, 2020). It is a matter of ethics and cell phone privacy. A companycannotaskforlogincredentialsofanysocialmediachannelfromits employees. If they want to gather information about theemployee’spersonal detail then they can simply talk to them or can ask for the legal documentation. Information as a business- It is not ethical to collect the data about the individual and sale it to other business. It is not permitted to transferbusinessinformation to other business. It is seen that organization collects the data for their own purposes but it is realized that the data has value to others as well. Thus, selling data is nowadays becoming an income stream for organizations which is ethically and socially wrong.
Social and Ethical issues have five moral dimensions namely, information rights, system quality, property rights, accountability and control and quality of life. Information systems are used by many organizations. Thus, growing dependence on systems increase system errors and alsodefinespoor quality data. Non obvious relationship awareness is a type of technology that analysis data which can take data from many sources about people. It is helpful to find potential criminals and data hackers. The Frasers Group plc has to design security and privacy related policy. There are many privacy concern issues to Frasers Group plc as there are chances the company personal data get leaked. Even during online payments company insure that their customersconferentialinformation does not get leak. Secure and safe payments method is important from customer loyalty perspective view. Difference between various types of networking technologies Local Area Network -LAN or Local area network links network devices in such a way that personal computer and workstations can share data, tools and programs. The transmission occurs at a very fast rate as the number of computers that are linked restricts to be limited (Levius, Safa and Weeks, 2018). LAN covers a smaller geographical area and is privately owned. One can use it for a home, office building, hospital, schools, etc. LAN is easy to design and maintain. The Communication medium used for LAN consists of twisted pair cables and coaxial cables. It covers a short distance, and so the error and noise are minimized. Metropolitan Area Network- MAN or Metropolitan area network covers a larger area than the area covered by LAN and smaller area as compared to WAN. It connects two or more computers that are at a long distance but restricts in the same or different cities. It covers a large geographical area and is able to serve as an internet service provider. It is very hard to design and maintain a Metropolitan area Network. Diagrammatic example is costly in MAN and may not be owned by a single organization. Mostly this type of network is used to communicate between two towns or two cities. Wide Area Network -WAN or Wide area network is a computer network that connects over a large geographical area. A WAN could be a connected to LAN. Wide area Network can be and cannotbe privately owned. The communication medium used for wide area network is PSTN or Satellite Link. Due to long-distance transmission, the noise and error risk is more in WAN. Propagation delay is considered as one of the biggest problem faced byitsusers. WAN's
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diagrammatic example unlike LAN, WAN uses switching that allows the user to connect multiple computers with several switches instead of connecting only with each other. Difference between LAN, MAN and WAN - BasisLANMANWAN DefinitionItisanetworkthat connectsagroupof computersonlyina smallgeographical area. It is a network that is abletocovera relativelylargearea such as towns, cities, etc. It is a network that is efficientenoughto connectinalarge geographicalarea suchasitconnects countriestogether (Dlaminiand Johnston, 2016). Full FormLocal Area NetworkMetropolitanArea Network Wide Area Network Maintenanceand design It is easy to maintain and design local area network as it doesn't requireanybigor complicated structure. Difficult to design and maintaina metropolitanarea networkasituse complicateddevice structure. Muchdifficultto maintain a wide area network as it connect on a large scale and thus requires a extra large structure. Delay in propagationShortMediumLong OwnershipPrivatelyPublicandprivate both Bothprivatelyand publicly SpeedHighMediumLow Tolerance of faultMost TolerantLess ToleranceLess Tolerant Mostly used bySchool,collegeandCity and small townsCountries and states
hospital ServiceAllows single pair of device to connect Allowsmultiple devicestointeract with each other Abiggroupof devicescan communicateatthe same time Importance of Internet and Intranet in chosen organization Intranet- It refer as private network which can only be access by authorized users. The business create intranet for allowing their employers and employees to share secure message and information in the organization It ishelpfulto maintain secure communication at the workplace. Itfacilitateseffective communication between staff and management of the company. This provides a virtual space for the staff to work on together basis. Internet- It refer as global computer network which provides a variety of information source and communication facility. It is consist of interconnected networks through using standard communication protocols. This is electronic communication network which connects various computer networks and company's computer all over the world. As per the view point of Rezaei and Valaei, 2017,it is said that internet is termed as network of global exchanges. Importance of Intranet and internet in the business Intranet servesFrasers Groupdigital communication needs. Intranetprovides a secure network or space for accessing and storing the data through electronic devices (Morimura and Sakagawa, 2018).This helps to speeding the workflows in the organization and also reducesthe errors. By this company is able to reduce traditional business practices and able to discover effective business solutions. Theapplications of intranet allowmultiple users or employees to access the same network folders and files. This is helpful for improving the efficiency of organization. The tasks of business get accomplished in very less time asthis providesspeedily. This also allows employees to do internal emails related to their work or job responsibilities. Instant messaging can be done inFrasersGroup with the help of intranet
Theinternet servesopportunity to Frasers Group plc to create network, communications, information retrieval and marketing of products. Firm used internet to sale its products to the customers. By taking help of digital marketing company alsodoes effective advertisementof theirproducts through which companyproductssalesgetsincreased.Frasers Group plc also use internet to gather information about their customers, members and clients. Through doing regular interaction with their customers the company is able to get feedback and customer perspective about their products. By this they make further improvements in their product quality. Hence, the satisfactionlevelofcustomersgetsincreased.Thecompanyuseinternetfordoing communication between management, employers and staff and also access to business related information through internet. Various stages of System Development Life Cycle Systems development lifecycle -It is also called the application development lifecycle, it is a process for testing, creating, planning and deploying an information systems. This concept applies to a wide variety of software and hardware configurations, as a system can be consists of software only, hardware only, or combination of both. Stages of system development life cycle - 1. Planning -It is the first stage in the systems development lifecycle. It analyses if there is need of new system development lifecycle or there is the no need for a new system in order to achieve a strategic objectives of a business (What is the Systems Development Life Cycle, 2020). This is a preliminary strategy for a company's business initiative to acquire the necessary resources in order to build an infrastructure to modify or to improve a service. 2. Systems Analysis and Requirements -The next stage is where a firm will work on the main source of their issue or the need for a change. In condition of a problem, possible solutions will be analyzed to identify and choose the best alternative solution for the achievement of goal. This is a stage in which teams consider the functional requirements of their project or best solution. 3. Systems Design -The third stage describes, in detail, the necessary specifications, operations and features that will satisfy the functional requirements of the proposed system which will take place. This is the stage for end users to determine and discuss their specific business information
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and needs for the proposed system. In this stage firm will consider the essential processes, components and procedures for the system to achieve the goal. 4. Development -The fourth stage is where the main work starts, when a programmer, network engineer or database developer are brought to do the major work of the project. This work consists of flow chart to ensure that the process of the system is properly organized. The development stage indicates the end of the initial section of the process. This phase signifies the starting of production. 5. Testing and Integration -The fifth stage includes systems integration and system testing, generally carried out by a quality assurance professional to determine if the design meets the initial set of business goals. Testing may be repeated, specifically to check the bugs, errors and interoperability. This testing will be performed until the end user finds it acceptable. Figure1System development life cycle (Source: What is the Systems Development Life Cycle, 2020)
6. Implementation -The sixth stage is when the majority of the assurance for the program is written. Also, this phase includes the actual installation of the newly-developed system (Huang, 2019). This step puts the project into production by moving the data and components from the old system and transferring them in the new system with the help of direct cutover. 7. Operations and Maintenance -The seventh and final stage includes maintenance and regular updates of the functions performed. This step comes when the end users will finalize the tune in the system, if they wish, to boost performance they can add new capabilities or can use additional user requirements.
CONCLUSION It has been summarized that Information technology referred as use of computers, networking, and storage or any physical device, processes and infrastructure in order to create, store, process and secure the electronic data. It has been concluded from the above study that Frasers Group plc is effectively using information technology in order to drive their business towards success. Information technology plays crucial role to increase the productivity and efficiency of the company. It has been determined that Frasers Group is using technological software’s for increasing the efficiency of their supply chain. There are certain ethics and social norms related to use of technology is need to be followed by the firm. It has been evaluated that both the intranet and internet is helpful to increase the effectiveness of management and communication in the company. System Development lifecycle is theprocess of testing, planning, deploying and creation of information systems in the organization.
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REFERENCE LIST Books and Journal Balaji, M.S., Roy, S.K. and Chong, A., 2018. User acceptance of IoT applications in retail industry. InTechnology Adoption and Social Issues: Concepts, Methodologies, Tools, and Applications(pp. 1331-1352). IGI Global. Dacko, S.G., 2017. Enabling smart retail settings via mobile augmented reality shopping apps.Technological Forecasting and Social Change.124.pp.243-256. Dlamini, N.N. and Johnston, K., 2016, November. The use, benefits and challenges of using the Internet of Things (IoT) in retail businesses: A literature review. In2016 International Conference on Advances in Computing and Communication Engineering (ICACCE)(pp. 430-436). IEEE. Huang, T.L., 2019. Psychological mechanisms of brand love and information technology identity in virtual retail environments.Journal of Retailing and Consumer Services.47.pp.251- 264. Inman, J.J. and Nikolova, H., 2017. Shopper-facing retail technology: A retailer adoption decision framework incorporating shopper attitudes and privacy concerns.Journal of Retailing.93(1). pp.7-28. Krishna, A., Akhilesh, V. and Hegde, C., 2018, December. Sales-forecasting of Retail Stores usingMachineLearningTechniques.In20183rdInternationalConferenceon ComputationalSystemsandInformationTechnologyforSustainableSolutions (CSITSS)(pp. 160-166). IEEE. Levius, S., Safa, M. and Weeks, K., 2018. Information and communication technology strategies toimproveinternationalcompetitivenessinthewholesaleandretailtrade sector.International Journal of Business and Globalisation.20(1).pp.128-138.’ Mikhailov,Y.I.andRazmochaeva,N.V.,2018,September.TheProblemsofQuality ManagementAutomationinRetailSales.In2018IEEEInternationalConference" QualityManagement,TransportandInformationSecurity,Information Technologies"(IT&QM&IS)(pp. 372-375). IEEE. Morimura, F. and Sakagawa, Y., 2018. Information technology use in retail chains: Impact on the standardisation of pricing and promotion strategies and performance.Journal of Retailing and Consumer Services.45. pp.81-91.
Rezaei, S. and Valaei, N., 2017. Branding in a multichannel retail environment.Information Technology & People. Online Ethical and Social Issues in Information Technology, 2020. [Online]. Available through:< https://courses.lumenlearning.com/wm-introductiontobusiness/chapter/ethical-and-social- issues/ > WhatistheSystemsDevelopmentLifeCycle?,2020.[Online].Availablethrough:< https://svitla.com/blog/system-development-life-cycle>