Financial Applications and Information Systems

Running head: FINANCIAL APPLICATIONS AND INFORMATION SYSTEMS 1
Financial Applications and Information Systems
Assignment One
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FINANCIAL APPLICATIONS AND INFORMATION SYSTEMS 2
Financial Applications and Information Systems
Executive Summary
This paper comprises of three major sections. The first section represents the introduction
which briefly explains the contents of the entire report. The second section of the paper presents
the relationship between social media and business operations. In part b of the report, findings on
the modernization of the business sector due to the advancements brought about by the changing
technology, particularly social media, has been exploited. Following the results documented in
section b of the report, social media exhibits both advantages and disadvantages on the firm.
However, the positive aspects have proven to outweigh the negative impacts. Different authors
have explained the benefits of social media on the business. Keran Smith (2017) presents an
article outlining the significance of social media in business. This report ends with section three
of the paper. Smith (2017) argues that the prominence of social media in business has been
increasing periodically with the growing figure of social media users across the globe. Rebecca
Graves (2018) also argues that companies have little to mislay but more to achieve by employing
social media advertisement (Graves, 2018). Part c of this paper provides the advantages likely to
be brought by the collected data on the industry. The article ends with a security declaration of
report ownership.

FINANCIAL APPLICATIONS AND INFORMATION SYSTEMS 3
Contents
List of Figures...............................................................................................................................................3
Introduction................................................................................................................................................4
Social Media and Business..........................................................................................................................4
Data and Business.......................................................................................................................................6
References...................................................................................................................................................8
List of Figures
Figure 1: Social media and business............................................................................................................5
Figure 2: Data and business.........................................................................................................................7