Innovation and New Technologies in Information Systems
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This paper discusses the concept of innovation and new technologies in information systems, with a focus on big data analytics. It covers the benefits, applications, and types of innovation in information systems.
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Running head: INNOVATION AND NEW TECHNOLOGIES INNOVATION AND NEW TECHNOLOGIES Name of the Student Name of the University Author Note
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1INNOVATION AND NEW TECHNOLOGIES Table of Contents Introduction......................................................................................................................................2 Information system innovation and new technologies....................................................................3 1. Virtual reality...........................................................................................................................4 2. Internet of things......................................................................................................................4 3. Big data analytics.....................................................................................................................5 About Big Data analytics in IS........................................................................................................5 Application of big data analytics.................................................................................................6 Benefits of Big data analytics..........................................................................................................8 Conclusion.......................................................................................................................................8 Bibliography..................................................................................................................................10
2INNOVATION AND NEW TECHNOLOGIES Introduction Information systems are mainly referred to the system that is being composed for people for the purpose of managing the information within the organization. The main aim behind using information system is to support the operations, decision making process and ensures better management of the system. Information system is mainly composed of five major components that include hardware, software, database, network and people. These are integrated in such a way that it can manage the main components. The primary advantages that are being offered with the use of information system are that it ensures that the tasks are being carried out effectively. In addition with the use of information system the need of paper work gets minimized. This ensures that better support is provided towards the organization. Business innovation within an organization process mainly includes introducing new ideas, methodologies, services, products and workflows for the purpose of managing the activities. With the help of introducing innovative ideas in business it becomes easy to manage theactivitiesthatprovidebettersupporttowardsthebusinessactivities.Theemerging technology of information system includes big data analytics,Mobile Information Systems, virtual reality, augmented reality and internet of things. In this paper the focus will be discussing the concept behind big data analytics. Over years it has been observed that the innovation in information system has enhanced the performance rapidly.
3INNOVATION AND NEW TECHNOLOGIES Information system innovation and new technologies Information system objective is to ensure that the developed system is able to make the performance of the organization easier. With the growing technologies it can be stated that the information and technology are getting advanced. There are several industries that offer effective easier for enhancing the life. Information system plays a crucial role in every organization. Thus itbecomesessentialtoensurethatpropertechnologyisinvolvedbehindenhancingthe performance of the organization. Innovation often starts with the concept of generating ideas that willhelpinmanagingtheactivitiesandconsiderthebusinessviability,feasibilityand desirability as an important concept behind the idea generation. Big data analytics involves the idea of including analytics system and software so that the system can ensure better computing activities. Information System innovation is mainly referred to the diverse concept that focuses on both technical and organizational elements and ensures that it has the potential to cover a wide range of information system development. It has been observed that the maximum information system innovation is concerned with the adoption, implementation, diffusion, acceptance and assimilation of the IT organizational firms. An information system (IS) is referred to a set of components that focuses on conducting a work together so that they can manage data processing and storage effectively. The main objective that is being identified in this report is that it helps in supporting the key aspects behind running an organization successfully. That involves effective communication process, decision making, record-keeping, and data analysis. Organization uses these innovations for the purpose improving the business functions and ensures that better competitive advantages are obtained.
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4INNOVATION AND NEW TECHNOLOGIES Innovations are mainly divided into different types. This includes incremental innovation, disruptive innovation, radical innovation and architectural innovation. These are the basic innovation that helps in managing the activities. Innovation in information system typically involves a group of people that focuses on fulfilling the needs. This ensures that the organization is able to meet the needs of the customer. Thus it is highly advisable to use recent innovations that will be able to meet the needs. Information systems mainly include a combination of software, hardware and telecommunication networks.The different innovations in information system are as follows: 1. Virtual reality Virtual reality is a recent innovation in the technical field that helps in gaining the experience of real world. Virtual reality focuses on incorporating the auditory and video feedback for providing with the best experience towards the users. The main purpose of using virtual reality is that it uses the computer technology for the purpose of creating a simulated environment that allows the user to get immersed into the screen and they can interact with the 3D world. 2. Internet of things Internet of things is the concept of computing that helps in managing the activities. Theinternet of thingsis a system of interrelated computing devices, digital machines, or people that provides the users with unique identifiers (UIDs). This includes the ability to transfer the data over a network without the need of human interaction.
5INNOVATION AND NEW TECHNOLOGIES 3. Big data analytics Big data analytics includes the idea of analyzing thestructuredandunstructureddata that helps in enhancing the performance of an organization. Data analytics includes analysis of software for the purpose of managing the data. With the help of implementing new ideas in organization it becomes easy to bring opportunities. This enhances the efficiency of the business and ensures that each activity is being carried out successfully.The main importance behind using big data analytics is that it helps in organizational harness and offers better opportunities for accessing the data. Some basic concepts of big data analytics is that it helps in ensuring better performance throughout the system. About Big Data analytics in IS Big data analytics is referred to the emerging trend of information system. This is mainly referred to the strategy of analyzing a wide range of data that helps in performing the activities. Big data analytics ensures that the data scientists are able to evaluate a large volume of transaction data for the purpose of continuing the business activities. Thus it can be stated that with the use of big data analytics it becomes easy to manage the information within an organization. The concept of big data analytics offers a wide range of techniques for analysis of the data, development of cloud computing and business intelligence. The concept of big data analytics has gained a huge importance in the field of education, healthcare, and media, in manufacturing industries and in international development. The big data analytics is used for the purpose of examining a large variety of data for the purpose of generating results. Big data analysis will ensure that the system is able to perform effectively within the organization.
6INNOVATION AND NEW TECHNOLOGIES The main advantage that is offered with the use of information systems is that they possess the ability to provide user with the information that are needed to be managed effectively. The information system will ensure that all the data are being gathered and managed successfully without facing any challenges. The main reason behind using information systems is that it helps in providing an appropriate data set about the organizational functions. Information systems has the potential to present real-time data as needed and are adaptable to new or modified information requirements. Application of big data analytics Big data analytics offers a great reliability and ensures better performance throughout the organization. Big data analytics has the potential to analyze huge amount of data for the purpose of processing the information. The major applications that are offered with the concept of big data analytics are as follows: Education industry:with the growing technology it has been observed that the need of big data analytics in the field of education has also increased a lot. Education industry is one of the industries that stores huge amount of data associated with students, courses, faculty, and results. the main features that are being offered with the transformation of education system is that it offers better grading system, career prediction, reframing course material and customized and dynamic learning programs. Healthcareindustry:thehealthcareindustryisanotherindustrythatfocuseson generating huge amount of data related to the faculties and patients. Thus it becomes essential to implement proper measures that will contribute towards maintaining the data. With the use of big data analytics in healthcare it becomes easy to reduce the costs of treatment as there is less chances of having any unnecessary step in the diagnosis process.
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7INNOVATION AND NEW TECHNOLOGIES Apart from this it also helps in predicting the outbreaks related to epidemics. The major advantage that is obtained with the implementation of big data analytics is that it helps in preventing diseases by detecting the symptoms at early stages. Big data analytics ensures that the Patients are provided with evidence-based medicinethat are further identified and prescribed after doing proper research on past medical results. Government sector:government plays a crucial role in every country and thus it becomesessentialtoanalyzethedataondailybasis.Themainreasonbehind implementing big data analytics in government is that it helps in tracking the various records associated with the citizens, their growth and resources consumed by them. Big data analytics are mainly used for the purpose of deceit recognition and are also used in order to catch the tax evaders. Apart from this the big data analytics ensures that the system is able to overcome the national challenges such as terrorism, unemployment, and energy exploitation. Big data analytics also ensures that the process of decision making has became faster regarding the various political programs. Media and entertainment industry:Media is one of the influencing industries that focus on highlighting the needs of the customers. Apart from this it has been observed that the businesses in the media and entertainment industry have realized the importance of this data, and they have been able to benefit from it for their growth. The major benefits that are being extracted from the implementation of media and entertainment industry includes predicting the personal interests of the audiences, optimizing the schedule of the media stream and getting proper insights from the customer reviews.
8INNOVATION AND NEW TECHNOLOGIES Benefits of Big data analytics Big data analytics focuses mainly on predicting the interest of audiences and ensures that with the help of advertisement they are able to manage their customer base. The main focus is to ensure that a huge set of data is being organized successfully without facing any challenges. The major benefits of the big data analytics are as follows: Cost reduction:big data analysis is a technology that helps in managing huge amount of data efficiently that is compatible with other platforms. This ensures that the data stored is cost effective and ensures better performance throughout the performance of the business. Improves decision making:The concept of big data analytics focuses on providing better support towards the analysis of the new sources of data. This makes easy to perform the activities quickly and effectively. Apart from this it also helps in making the decision faster without facing any challenges. Conclusion Thus from the above report it can be concluded that with the help of proper innovation in the business. The main purpose of information system is that it helps in managing the data within an organization and ensures that the data can be managed effectively without facing any challenges. It can be stated that information system plays a crucial role in managing huge company of data. The report has described the different innovation in information system along with their characteristics. Thus it can be stated that with the innovative technologies it becomes easy to manage the performance of an organization. Thus from the above report it can be
9INNOVATION AND NEW TECHNOLOGIES concluded that with the proper implementation of technologies in business it will become efficient to handle the information system.
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10INNOVATION AND NEW TECHNOLOGIES Bibliography Ahmed, E., Yaqoob, I., Hashem, I.A.T., Khan, I., Ahmed, A.I.A., Imran, M. and Vasilakos, A.V., 2017. The role of big data analytics in Internet of Things.Computer Networks,129, pp.459-471. Alsheikh, M.A., Niyato, D., Lin, S., Tan, H.P. and Han, Z., 2016. Mobile big data analytics using deep learning and apache spark.IEEE network,30(3), pp.22-29. Groves, P., Kayyali, B., Knott, D. and Kuiken, S.V., 2016. The'big data'revolution in healthcare: Accelerating value and innovation. Hu, H., Wen, Y., Chua, T.S. and Li, X., 2014. Toward scalable systems for big data analytics: A technology tutorial.IEEE access,2, pp.652-687. Kumar, A., Kumar, P., Palvia, S.C.J. and Verma, S., 2017. Online education worldwide: Current status and emerging trends. Lippi,M. andTorroni,P.,2016. Argumentationmining:Stateoftheartandemerging trends.ACM Transactions on Internet Technology (TOIT),16(2), p.10. Marz, N. and Warren, J., 2015.Big Data: Principles and best practices of scalable real-time data systems. New York; Manning Publications Co.. Ramesh,V.,2017.AnEfficientSurveyofManagingBigDataAnalyticsusingSwarm Intelligence.
11INNOVATION AND NEW TECHNOLOGIES Wamba, S.F., Gunasekaran, A., Akter, S., Ren, S.J.F., Dubey, R. and Childe, S.J., 2017. Big data analyticsandfirmperformance:Effectsofdynamiccapabilities.JournalofBusiness Research,70, pp.356-365. Wang, Y., Kung, L. and Byrd, T.A., 2018. Big data analytics: Understanding its capabilities and potentialbenefitsforhealthcareorganizations.TechnologicalForecastingandSocial Change,126, pp.3-13.