Informatics and Financial Application - Assignment

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Assignment 1Informatics and financial application
1By student name ProfessorUniversityDate: 31 August, 2017.1 | P a g e
2Executive SummaryOver the period of time, it can be seen that most of the organisation of the world whether it iscommerce based or industrial sector have become loyal to use of information system and managementinformation set upon for success of their ventures. In various industries like the media, entertainment,financial services etc where the products are being digitalised the success of the venture depends on theuse of better Information system skills. Even the government has recently launched large number ofdigital services that can help in the functioning of the administrators of the nation. When it comes to theretail sector the management information system and the various other information system skills areused for various purpose like inventory control, logistics management, point of sale data collection andother internal communication system that might affect the overall functioning of the organisation.There are various advantages associated, if the companies are able to develop strong communicationsystem within the organisation. It will help in better flow of information and better curtailment ofdetails. A detailed report about the various uses of the management information system has beenprovided highlighting the various aspects in regard to the same. 2 | P a g e
3ContentsIntroduction................................................................................4Analysis.......................................................................................4Conclusion...................................................................................7Refrences.....................................................................................93 | P a g e

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