Information Technology Assignment | Business Environment

Added on - 28 Dec 2019

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Information Technology1
Table of ContentsINTRODUCTION...............................................................................................................................4FINDINGS AND ANALYSIS............................................................................................................4Different types of decision make within the business environment and how this type of decisionmaking works...................................................................................................................................4Six element of the Business Intelligence (BI) environment...........................................................5Five analytical output that business intelligence system utilize to provide correct and real timeinformation to users.........................................................................................................................7Role of business intelligence and analytical support improved decision making..........................8Benefits to a modern business of employing the use of intelligent techniques in decision makingand knowledge management............................................................................................................8Use of business intelligent systems to help people working in groups make decisions moreefficiently.........................................................................................................................................9Systems that are used for improving enterprise wide knowledge management..............................9CONCLUSION.................................................................................................................................10REFERENCES...................................................................................................................................112
Illustration IndexIllustration 1 Type of decision made within business environment.....................................................5Illustration 2: BI environment in an organization...............................................................................6Illustration 3: Six elements of the BI environment for decision support(Source: Chen, Preston and Teubner, 2010).........................................................................................73
INTRODUCTIONWhen the people enjoy technology such as iPhone, Facebook, computers and other gadgets,the major thing behind the development of these is Information Technology (IT). It improves thelife of the human being and make their work easier and faster. In this context, ManagementInformation System (MIS) is one of the most important invention of IT(Chen, Chiang and Storey,2012). It is a set of system and process that use for gather the information from various range ofsources, compile it and present it in the readable formate. This system effectively manage all thefunctions of the organization such as decision making process, forecasting of sales, maintain day today operational activities etc. On the other hand, the other major development in MIS are businessintelligence and business analytics. These both improves the business decision making and managebusiness knowledge in appropriate manner(Anandarajan, Anandarajan and Srinivasan, 2012). Thepresent research is based on Information Technology and to understand it's importance within theindustry, various case studies are taking into the consideration. The objectives that will cover underthe current study are role of IT and world wide web (WWW) in the organizations, require elementsof hardware and software used for transformation, storage and retrieval of information andimportance of IT in improving the quality of management decision making.FINDINGS AND ANALYSISDifferent types of decision make within the business environment and how this type of decisionmaking worksA decision can be made between available two or mote than two alternatives. Decisionmaking process can be define as a selection of best alternative from the available options in order toaccomplish the objectives. For taking the competitive advantages in highly competitive market, it isimportant for the firms to take appropriate decisions(Yeohand, Koronios, 2010). So, in this context,in the business environment, the decisions can be categorised into three types: strategic, tactical andoperational. The explanation of these types of decision are as follows:Strategic decision:These type of decision take by top management of the companies. Theirdecisions related to formulation of strategies, goals, mission, vision, objectives etc. They alsoprepare the plan for measure strategic performance of the firm.Tactical decision:Such kind of decision takes by middle level managers with the aim of achieve theobjectives of business. They are responsible for preparing short and long term plans, developingbudgets, scheduling of operational activities, arrangement and distribution of the resources etc(Laudon and Laudon, 2011).4
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