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Retail Industry Informatics and Financial Applications

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Added on  2020-02-24

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Keywords: Information systems (IS), Cloud computing (CC), Decision support system Contents Page Introduction 3 Decision support systems in business 3 Cloud computing 5 Conclusion 6 References 7 Table of Figures Figure 1: DSS model of Inventory decisions 5 Figure 2: A monthly estimate of the stock value based on a cloud server 7 Introduction Information systems encapsulate many functionalities and components that support business operations, decision support systems are among these elements that facilitate decision making. In simple terms, CC would contribute to the retail outcome where consumers are prone

Retail Industry Informatics and Financial Applications

   Added on 2020-02-24

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Informatics and Financial ApplicationsRetail IndustryInformatics and Financial Applications[Name of Course][Assignment][Name][Name][Student Number]i
Retail Industry Informatics and Financial Applications_1
Informatics and Financial ApplicationsRetail IndustryExecutive SummaryInformation technology has come a long way since its inception where businesses andorganization used it as a supplementary component to support operations. In today’s world,information technology is used as a fundamental component of business operations whichnecessitates the need to deploy its infrastructure before conducting business. Moreover, itssubsidiary elements such as information systems are now used to manage industries andbusinesses as they efficiently collaborate information to give conclusive results. It is fromthese results that better organizational decisions are made which facilitate the success of anenterprise. Now, consider the recent advances in the fields of IT and IS where virtualizationseems to offer a new environment for deploying business services and products. Through thisnew platforms, businesses are able to increase their customer market size, an outcome thatinevitably increases revenues and profits. In all, visualization and IS are the key to thesuccess of future enterprises as illustrated by the combination of cloud computing, the mostcommon virtualization technique and IS. In light of these outcomes, this report focuses onthese two technological advances (Cloud computing and IS) in business more so, in retailfunctionalities where services and products are offered to the end customer.Keywords: Information systems (IS), Cloud computing (CC), Decision support system[Name][Student Number]ii
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Informatics and Financial ApplicationsRetail IndustryTable of ContentsContents PageIntroduction........................................................................................3Decision support systems in business................................................3Cloud computing................................................................................5Conclusion...........................................................................................6References............................................................................................7Table of FiguresFigure 1: DSS model of Inventory decisions........................................................5Figure 2: A monthly estimate of a cloud server...................................................7[Name][Student Number]iii
Retail Industry Informatics and Financial Applications_3

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