Custom Memory Management Methodology for Embedded Multimedia Systems Design
Added on 2019-12-18
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Managing Information and Technology1
TABLE OF CONTENTSINTRODUCTION ...............................................................................................................................3MAJOR IDEAS ...................................................................................................................................4CONCLUSION AND RECOMMENDATIONS:.................................................................................8REFERENCES...................................................................................................................................112
INTRODUCTION Managing information and technology consists of the basic functions of management likestaffing, budgeting but it also includes unique functions to such as Software development, changemanagement, network planning and technology support. It it used by business organisation as itsupports and compliment the operations. It is a discipline in which information and technologyresources of the organisation are managed according to their needs and priorities. The major aim ofInformation and technology is to generate value through the use of technology. It needs alignmentof technology with the business strategies (Abdillah, 2014). Where value generation in anorganisation consists a network of relationships between internal and external environment,technology plays a vital role in improving the whole value chain of the firm. However it needsbusiness and technology management to be creative, synergistic and cooperative team rather than apure mechanistic span of control. An IT manager is responsible and accountable for current program of IT services. Most ITprograms are formed to educate and develop managers so that they can manage planning, design,selection, implementation, use and administration of emerging and converging information andcommunication technologies in an effective manner. The significance of managing information andtechnology is to understand the managing data. If the structure of information does not transferproperly with each other, it could lead to unreliable data (Davenport, 2013). An important part ofunderstanding in management of information and technology is Data Governance. It is an approachto manage information across entire company. Business firms depends on information andtechnology for quick communications, data processing and market intelligence. It supports thecompanies to enhance the business processes, accomplish cost efficiencies, drive revenue growthand maintain a competitive advantage in the marketplace. The key purpose of managinginformation and technology is to support managers in making strategic, tactical and operationaldecisions in an efficient and productive way (Valacich Schneider and Jessup, 2012). The aim of thepresent essay is to define the role of information system in organisation to gain competitiveadvantage. The key objectives of managing information and technology are as follows:To discuss different types of information systems.To understand the integration of different informationsystems in producing more accurate and targeted information about customers, markets, suppliersandcompetitors etc.To explore the application of information systems in improving decision making capabilities3
of a business.MAJOR IDEAS Types of information system-The different types of information system are identified by a process of classification.Classification is a simple method by which things are categorised together so that they can betreated as a single unit. The classification of information system in various types is a usefultechnique to design system and describe their application. A category of information system is asimple concept which is created to simplify a tough problem by identification of areas ofcommonality between various things (Jerman-Blažič and Tekavčič, 2012). The following are thetypes of information system are as follows:Transaction processing system:To meet the functionalities of the core operations of a businesssuch as data collection, storage, processing and outputting transaction processing system is used.This type of system gathers data form user inputs and then produce outputs based on the data whichis collected. For ex: TPS system for online air ticket booking system. Under this system travellersselect their flight schedule and their favourite seats( the input), the system updates the list of theavailable seats, removing those selected by the traveller (the processing). After this the systemgenerates a bill and a ticket copy(the output). This system can be based on real time or real batchprocessing and can support the business owners to meet the demands and needs without havingadditional employees (Conde, and et.al., 2014).Customer relationship management system:To synchronise sales and marketing efforts businessowners use customer relationship systems. It accumulates and track customer activities, consistingpurchasing trends, product defects and customer queries. The abilities of a typical CRM informationsystem offers the customers to interact with companies for service or product feedback or problemsolutions (Sittig and Zuckerberg Facebook, 2010). Business firms also use this system internally asa constituent of their strategies of collaboration. This system offers the business partners to connectwith each other for developing ideas and products. Even if business partners are in remote locationsthen also collaboration can take place in real time. Business intelligence system: It is a complex system because it identifies, extracts and analysesdata for different operational needs, mainly for decision making purposes. It provides the analysiswhich predicts future sales patterns, summarise on going costs and forecast sales revenues. Thissystem gather data from different data warehouse in an organisation and provide management withassessment as per lines of business, department or any breakdown that management wishes. Ex:Financial institutions use these kind of system to build credit risk models which analyses the4
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