This assessment will determine various information and knowledge of Information system and its impacts on economic and business environment. Furthermore, it will also determine effects of Information system on globalisation and risk factors of information system outsourcing.
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Information Systems and Big Data Analysis
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 TASK 2............................................................................................................................................3 TASK 3............................................................................................................................................5 Globalisation and the effects of IT on globalisation..............................................................5 TASK 4............................................................................................................................................6 Digital Infrastructure..............................................................................................................6 TASK 5............................................................................................................................................7 Risks associated with information system outsourcing..........................................................7 CONCLUSION................................................................................................................................9 References.....................................................................................................................................10
INTRODUCTION Information Technologyis meant by use of technological sources for acquiring and analysis of information and databases required in company's operations and activities in order to achieve organisational goals. It includes identification of sources, gathering of data, analysis of data according to needs, and further representation of data for understanding and decision- making.Big Datais referred to large size and highly complicated databases from various information sources. Big data analysis is meant by analysis of this complex and large size data for further user friendly representation for better understanding of database. Big data analytics is majorly used to understand large size of database in simple and sorted form for considering various decision-making(Benitez, Llorens and Braojos, 2018).This assessment will determine various information and knowledge of Information system and its impacts on economic and business environment. Furthermore, it will also determine effects of Information system on globalisation and risk factors of information system outsourcing. TASK 1 Moodle Moodle is a free online learning platform for online learning for users with various courses and course structures. This online platform includes online interaction of students and tutors for regulating learning. Students are also provided with assignments to be accomplished forbetterunderstandingofcoursesandstructures.Moodlealsofacilitatesinefficient communication between teachers and students for clarity in understanding of topic. Moodle has been developed and written in Javascript Programming Language in view of developing online learning platform and to be distributed under GNU General Public License. Agile SDLC is the methodology used in design and development of Moodle software application. This methodology focuses over collective decision-making for short term or short cycle. It is cyclical method for development of software. This app was designed for students who are willing to acquire more knowledge and information but lacks time to reach institutions for attending these additional courses. It provides a user friendly interface that facilitates in efficient use of this learning platform(Lloyd, 2020). MS Office MS Office is a group set of applications to be used for corporate and business functions. MS Office has been developed by Microsoft for carrying out all necessary tasks and operations
digitally with the use of these apps. It enhances productivity in working environment of corporate and business organisations for regulating complex and huge tasks easily with better efficiency. MS Office is set of most used software application globally as it is universally applicable due to its higher efficiency and effective approach in analysis and determination of data and content. Microsoft is written and developed with the use of C++ programming language. This software is designed and developed to carry out corporate and business operations efficiently and effectively. MS Office is comprised of various software and applications useful in facilitating official and corporate work. These software and applications are MS Excel, MS Word, MS PowerPoint, MSOutlook,etc.Allthesesoftwareandapplicationseasesworking inancompanyor organisation efficiently and effectively.Different applications are determined for performing different tasks involved in routine activities and operations of a company. TASK 2 DSS (Decision Support System) DecisionSupportSystemisacomputerizedapplicationapplicableandusefulin enhancing capabilities in decision-making. This computer program is used to analyse immense amount of data and further presentation of analysis to determine foremost available options. DSS acquires and organises data through different sources available for information and knowledge apart from usual reports. For instance, this data is taken into consideration for further analysis and determination of analysed results. This analysis and determination of result includes sales figuresbetweenseveralweeks,forecastingrevenuefiguresbasedonsalesassumptions, repercussions of various decisions, etc. Therefore, it results in enhancing efficiency in decision- making of user. For example: external databases, various market reports, information of competitors, financial information and reports, etc. ESS (Executive Support System). ESS also known as EIS (Executive information system) is one of the management support system which facilitates in senior level executive information and decision-making. It contributes in trouble-free access to relevant internal as well as external information of an organisation.ESSsystemiscomprisedofsoftware,hardware,userinterfaceand
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telecommunication(Madon and Krishna, 2018). This system is majorly aimed at providing insightful information to higher management in order to support strategic planning and tracking performance. Therefore, this information system enhances decision-making of higher level management towards success and growth of organisation. For example:Cambridge Systematics uses ESS to facilitate their process of investment planning for Transportation Ministry. TPS (Transaction Processing System) Transaction Support System is a computerized program that manages and supports processing of transactions of user. TPS is a information system which is meant to accumulate, stores, revise and retrieves transactions of data in an enterprise. It is comprised of hardware and software regulating a transaction-based application that operates essential transactions of a business. This support system also provides prediction of time for response to pending requests. TPS is used in various operations and activities which includes management of sales of sales order entry, reservations, records of employee, manufacturing functions, etc. Major transactions processed in TPS are Accounting, Order processing, and Purchasing. Forexample:Reservationsystems,Pointofsaleterminals,LibraryLoansystem, generating Bills, etc. MIS (Management Information System) Management information system is a organised computer system comprised of hardware and software that works as backbone in organisation's operations. This system includes study of organisations, people and technology for understanding coordination and relationship between them. MIS representatives are engaged in activities and practices for acquiring maximum benefits from investment of organisation its assets and operations. It provides additional value to organisation by supporting operations with useful information, management and decision- making in an organisation(TPark and et.al., 2019). Analysis of MIS includes identification of problem, performance comparison, market trends, etc. Furthermore, It results in increasing overall efficiency of organisation and supports strategic planning for carrying out operations. For example: KSM (Knowledge Management System) Knowledge management system is a Information technology system which accumulates andrepossessinformation/knowledgeinordertoimprovecollaboration/coordination,
understanding,andprocessalignment.MajorofKMSarewideenterpriseknowledge management system, intelligent techniques and knowledge work systems. MIS is useful for understandinginternalaswellexternalelementsofanenterprise/organisationsuchas operations/activities, people, strategies, technology, etc. This information management system has a universal application regardless of size, industry type, knowledge or information needs, etc. Companies or enterprises requires a defined system of processes in order to manage flow of information and knowledge. For example: TASK 3 Globalisation and the effects of IT on globalisation Globalisation is a term used to determine the rising interdependence of economies, population,andculturesgloballywitheachother(Senivongseandet.al.,2020).This interdependence is brought about by various components such as cross-border trades of goods and services, flow of investment, population, information, technology, etc. Globalisation has beenrapidlyacceleratedsince18thcenturywiththeadvancementintechnologyand transportation. For instance, globalisation has resulted in a positive impact globally and also being the major factor of development in developed as well as developing countries. In addition to that, it facilitates in providing access to economies and market for import and export of goods and services globally. Moreover, people in society are facilitated by globalisation as they now have access to new markets and products, better and innovative technology, lower costs for products and services due to huge competition, etc. Importance of Globalisation ď‚·Betterment in Transportation:With the rise in globalisation, transportation system and facilities are consistently improvised with being more efficient. Efficient and improvised transportation system allows trade of goods and services between economies effectively. ď‚·Freedom of Trade:Globalisation has eliminated barriers of trade of goods and services between nations and economies. For instance, it promotes free and fair trade between two nationsandresultsinbuildinginterdependencyandbelongingnessamongthese economies(Zhang, and et. al., 2018). ď‚·Improvised Communications:Enhancement in Technology and global reach facilitated by Globalisation has resulted in improvement of communications among people of
different region or culture. Furthermore, improvement in communication among people of different nations or economies allows access in acquiring information and knowledge and allows facilitates in smooth flow of trade. ď‚·Availability of skilled labour:Access to global markets and nations worldwide has allowed organisations and companies to reach to their desired and suitable labour globally. Globalisation has allowed industries in taking advantage of cheap and skilled labour for carrying out their operations and activities(Torten, Reaiche and Boyle, 2018). The presence of information technology has diverse effects on the worldwide concept of globalisation. It facilitates in uncomplicated exchange of knowledge and information across geographical borders of nations and economies. Access to global market information and databases of target customers allows accuracy in strategic planning of industries in carrying out theiroperations.Forinstance,ITacceleratesglobalisationwithhigherefficiencyand improvisation.Peopleandindustriesgloballyareprovidedwithbetterconnectivityand coordination with access to information and knowledge of various factors and aspects. Another major effect of information technology on globalisation lies in developing a suitable supply chain management for cross-border trades of goods and services. For instance, implementation of IT provides useful information that could help enterprises and companies in important decision- making. Trades and operations carried out for these cross-border trades are now managed efficiently and effectively. Furthermore, these positive aspects increases overall productivity of the organisation by providing access to information and knowledge. TASK 4 Digital Infrastructure Digitalinfrastructureismeantbythetechnologieswhichprovidessupportinan organisation's operations and information technology. It is an digital environment comprised of various digital technologies that contributes in providing value to organisation's information technology. Digital infrastructure provides a platform for physical and virtual technological aspects to be brought together and develop interconnectedness for smooth functioning of company's operations. Implementation of technology results in increasing efficiency, enhancing sustainability, and improvising networking for an organisation. Efficient and suitable digital infrastructure facilitates in reducing cost in carrying out operations and resulting in improving overall productivity(Voogt and et.al., 2018). Moreover, business environment is comprised of
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large number of factors affecting it which is maintained by management with the effective use of digital infrastructure. Forexample;Digitalcommunicationmediums,personalcomputers,softwareand applications, broadband, and all other elements providing contribution in management digitally. These technologies allows user to work upon big databases and information put together easily with higher accuracy and efficiency. Technologies making up digital infrastructure of a company facilitates in efficient and effective completion of operations. Advantages of digital infrastructure ď‚·Connectivity among People and places:Digital infrastructure facilitates in connecting people of different nations and economies. This positive impact has resulted in effortless flow of exchange of information and knowledge as well as enhancing social life of individuals. Connectivity among people promotes trades of goods and services with appropriate and efficient information. ď‚·Economic growth:International cross-border trades results in overall economic growth of nations and economies. Digital infrastructure increases connectivity which facilitates trades among these nations and resulting in economic growth. ď‚·Adapting new technologies:Implementation of digital infrastructure in operations and activitiesoforganisation/companyresultsinincreasingflexibilityinworking environment. Furthermore, flexible working environment allows company in adapting new technologies into working easily and efficiently(Voogt and et.al., 2018). Disadvantages of digital infrastructure ď‚·Data Security and Privacy concerns:Technological aspects has some pitfalls of which privacy concern being the foremost and primary disadvantage. Companies has privacy concern with their confidential information and data. ď‚·Crime:Technology has various loopholes which have been reportedly used by criminals in practising unauthorized activities. These loopholes are considered as another major drawback of digital infrastructure. ď‚·Memory degradation:As the digital infrastructure stores all the data and process the analysis with least or no human involvement, it has made a major effect on memory of employees.
TASK 5 Risks associated with information system outsourcing Outsourcing of information system is meant by practice which involves company that hires another third-party company to regulate operations and activities of the company. These third-parties are responsible for carrying out company's operations especially in information practices on the behalf of company(Zurawski 2018). Companies or organisations mainly appoint these third-parties as they it is cheaper than conducting these operations and activities with their devices and resources. These activities and operations include data entry operations, maintenance and development of applications and software, network management, etc. While the third-parties areregulatingoperationsandactivities,company'smanagementiscopingupwithother functions for increasing overall productivity. ď‚·Unskilled workers:The hired third-parties could provide with a risk to company as the employees or workers of that third-party could be unskilled and inexperienced. For instance,theseunskilledworkerswillcompletetheassignedtasksandactivities inefficiently and will decrease quality of operations and activities. This risk could be prevented with prior check of capabilities of workers that are about to regulate company's operations further. Therefore, through this precaution or measure quality of work could be maintained. ď‚·Loss of control:When the operations are being regulated within the company, it provides complete control over the process and could be easily maintained. On the other hand, when the company appoints these third-parties for managing these tasks, company loses control over the process and could not manage these operations. The loss of control results in being a major risk in outsourcing information system to other third-parties in the market(Che, Mi and Chen, 2018). ď‚·Outdated technology:Use of outdated technology by appointed parties could become a risk for company in carrying out their operations. Outdated technology will result in lower quality in final completed assignment. For instance, company's operations and activities requires use of latest available technology for serving high quality of final completed tasks. ď‚·Unseen costs:Third-parties performing companies tasks on their behalf incurs cost as fees and charges for their efforts. These costs are sometimes comprised of various unseen
andinvisiblecoststhatoccurstocompaniesandresultsinlowprofitabilityand unnecessary costs. This aspect results in being a risk while appointing external third- parties for carrying out company's operations and activities(Trofimova and et. al., 2019). CONCLUSION From the above assessment it could be concluded that Information system plays a huge role in company's growth and success. The report assessment is provided with numerous insights of Information system and its impact on business operations and activities. Furthermore, it determinesadvantagesand disadvantagesof implementationof digitalinfrastructurein a company/organisation.Therefore,Informationsystemacceleratescompany'sgrowthby providing with useful information and knowledge for strategic and efficient decision-making.
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References Books and Journals Benitez, J., Llorens, J. and Braojos, J., 2018. How information technology influences opportunity exploration and exploitation firm’s capabilities.Information & Management,55(4), pp.508-523. Che, X., Mi, J. and Chen, D., 2018. Information fusion and numerical characterization of a multi- source information system.Knowledge-Based Systems,145, pp.121-133. Lloyd, I., 2020.Information technology law. Oxford University Press. Madon, S. and Krishna, S. eds., 2018.The digital challenge: Information technology in the development context. Routledge. Park, J., Liu, D., Mun, Y.Y. and Santhanam, R., 2019. GAMESIT: A gamified system for information technology training.Computers & Education,142, p.103643. Senivongse, C., Mariano, S., Bennet, A. and Tsui, E., 2020. Absorptive capacity efficacy in SMEs:evidencefrommultiplecasestudiesintheinformationtechnology industry.Knowledge Management Research & Practice, pp.1-14. Torten, R., Reaiche, C. and Boyle, S., 2018. The impact of security awarness on information technology professionals’ behavior.Computers & Security,79, pp.68-79. Trofimova, and et. al., 2019. Public sector entities reporting and Accounting information system.Journal of Advanced Research in Dynamical and Control Systems,11(S8), pp.416-424. Voogt,J.,Knezek,G.,Christensen,R.andLai,K.W.eds.,2018.Secondhandbookof information technology in primary and secondary education. Springer International Publishing. Voogt,J.,Knezek,G.,Christensen,R.andLai,K.W.eds.,2018.Secondhandbookof information technology in primary and secondary education. Springer International Publishing. Yingfa, S. and Hong, Y., 2010, May. The risk study of e-governance based on PEST analysis model. In2010 International Conference on E-Business and E-Government(pp. 563- 566). IEEE. Zhang, and et. al., 2018. Information structures and uncertainty measures in a fully fuzzy information system.International Journal of Approximate Reasoning,101, pp.119-149. Zurawski, R. ed., 2018.The industrial information technology handbook. CRC press.