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Support System in Commonwealth Bank Industry

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University of the Sunshine Coast Queensland Australia

   

Informatics and Financial Applications (ACC508)

   

Added on  2020-02-19

Support System in Commonwealth Bank Industry

   

University of the Sunshine Coast Queensland Australia

   

Informatics and Financial Applications (ACC508)

   Added on 2020-02-19

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Informatics and Financial ApplicationsAssignment 1Student Name:Student Number:
Support System in Commonwealth Bank Industry_1
Informatics and Financial ApplicationsExecutive SummaryThe report has been developed to address the usefulness of integrating the informationsystem concepts by business entities. It has emphasized on the advantage of information systemconcepts such as decision-support system and cloud-based computing system for modernbusiness world. The report has explained the importance of information system concepts withreference to banking industry by citing the example of Commonwealth bank of Australia. It hasbeen analyzed from the report that decision-support and cloud-based system are the majorinformation systems concepts used by banking industry today,. These are providing to beextremely advantageous to the banking industry for improving the scalability and flexibility oftheir business operations. The decision-support system is providing a vital tool to bankingindustry for recording, managing, controlling its complex database that helps the banks to takeeffective decisions about improving the business processes and procedures. On the other hand,cloud-based computing system enables the banking industry to provide customer service fromany part of the world and thus helps in minimizing the cost of their operations. It improves theefficiency of banking processes through enhancing their flexibility by managing the real timecustomer data effectively. As such, the significance of these information system concepts isdiscussed in the present report in detail. Student Name:Student Number:
Support System in Commonwealth Bank Industry_2
Informatics and Financial ApplicationsTable of ContentsExecutive Summary.....................................................................................................................................2Introduction.................................................................................................................................................5Use of Decision-Support System in Commonwealth Bank Industry............................................................5Cloud Computing and Business...................................................................................................................7Conclusion...................................................................................................................................................9References.................................................................................................................................................10Student Name:Student Number:
Support System in Commonwealth Bank Industry_3

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