BSc BMP4005: Information Systems & IT Solution for Business Mgmt

This report provides an in-depth analysis of information systems and IT solutions, focusing on theories and techniques related to the design and development of platforms like Canvas and MS Office. It explains various systems such as ESS, TPS, MIS, and KSM with relevant examples, and discusses the effects of globalization on business, including its positive and negative impacts. The report further defines digital infrastructure, highlighting its advantages and disadvantages, and addresses the risks associated with information systems outsourcing, emphasizing the critical role of IT infrastructure in digital transformation. This comprehensive overview offers valuable insights into the strategic importance of IT in contemporary business environments.

BSc (Hons) Business Management
Cohort 2
BMP4005
Information Systems and Big Data
Analysis
Information Systems & IT Solution
2019/2020
February 2020/Semester 1
Submitted by:
Name:
ID:
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Contents
Introduction p
Task 1: Theories, methods and techniques which relate to
the design and development for TWO of the IT solutions
listed here: (i) McAfee; (ii) Moodle; (iii) Canvas; (iv) MS
Office
p
Task 2: Explanation of the systems below with relevant
examples p
Task 3: Globalisation and the effects of IT on globalisation
p
Task 4: Definition, example, advantages and
disadvantages of digital infrastructure p
Task 5: Risks associated with information systems
outsourcing and why is IT infrastructure so critical to
digital transformation! P
Conclusion p
References p
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Introduction
The report prepared as under helps to have a better understanding of the
theories and techniques which are being adapted by IT related companies. It helps to
have a better view about how the companies work and function (Boasiako and
Keefe, 2021). It further describes in what ways digital infrastructure has been
developed and prepared for better uses and how it would contribute in development
of business and engaging users from competitive market to be served as a
competitive advantage over others. It can further result to be helpful in understanding
the implications of globalization in environment and on business enterprise as well. It
can be prove to be helpful in finding advantages and disadvantages linked with the
working and functioning of globalization.
Task 1: Theories, methods and techniques which relate to
the design and development for TWO of the IT solutions
listed here: (i) McAfee; (ii) Moodle; (iii) Canvas; (iv) MS
Office
(iii) Canvas: It can be explained as a piece of assignment which is developed by
students whose work is intended to be graded. Once the assignment is being
created a column will automatically be prepared in the Grading center. While
editing or creating an assignment a particular project can also be assigned to
respective individuals by setting different due and available dates. There
have been various tools which are being adapted for aiding designers and
different theories which would offer more analytical rigorous support towards
engineering designers (Dass, Nanda and Wang, 2020). Concurrent
engineering can be explained as the most practical approach for improving
the designing process and other related tools and techniques which are used
for obtaining input from shareholders in the designing process. These
methods incorporate relatively higher level of subjective opinion. An expanded
set of techniques would address quality, variability and uncertainty in the
designing procedure.
Techniques, theories and Methods being used:
 Tools and techniques for examining risks and planning risk mitigation plans:
Due to overlapping functional operation and compressed cycle decisions
must be taken with incomplete data or information. It would help to minimize
the risk prevailing in the company and manage it in best possible manner to
reduce the loss and threats (Hamid and Loke, 2021).
 Web based and LAN management tools: It is being observed that respective
person decision depends on higher level system requirements. Without good
management techniques the individual decision might not be aware of the
requirements. Such management tools usually consider a function for
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informing the respective decision taker of multi level scale decision status and
dates. An informative interlinked data management system is important.
(iv) MS Office: It can be explained as a suite of operations and applications which
is developed and designed for helping with the completion and productivity
related tasks on a computer. Documents can be created as well as edited
which comprises of images and texts, working with information in databases
and spreadsheets and developing posters and presentations.
Tools and techniques being used in MS office can be stated such as:
 Word processor tool: Such software deal with text related documents. It is
useful in formatting, creating, developing and manipulating data to save files.
Software can either function on hardware as a desktop application for
example Microsoft word. Word tool performs several functions such as
creating, saving and editing text related documents (Jain, McInish and Miller,
2019).
 Presentation tool: It is useful for users to bifurcate the data into smaller units
referred as Slides. Slides are small part of information which is being put on
various pages. A series of such slides presenting idea to people is known as
presentation.
Task 2: Explanation of the systems below with relevant
examples
ESS (Executive Support System)
ESS (Executive support system): It can be explained as a computer based
system which provides top managers with the ability and capability to attain easy
accessibility of external as well internal based information which would be accurate,
relevant and linked with strategic decision making and other executive
responsibilities. It is a energy storage system which is often referred as ESS, it can
be defined as a device or group of devices which are being put together and capable
of storing energy in relation to supply electrical energy at a future date.
TPS (Transaction Processing System)
It can be explained as a data handling framework that utilizes for the deal
considering alteration, assortment and the recovery of all exchange related data.
TPS counts execution, consistency and unwavering quality(Kazakova and Sivkova,
2019). It can further be explained as ongoing handling and footing process
framework which on a daily basis stand out from the cluster process framework and
group handling where certain solicitations are expected to be executed at similar
point of time. For attaining the exhibition dependability, consistency and information
must be speedily open in the data distribution center. Examples related to TPS are
delivering, finance, deal requesting section and inn reservations and many more.
MIS (Management Information System)
This framework is developed from overseeing information with a company or
business. At general scale, MIS might consider those elements and factors which
are non PC based such as progressive construction of an organization. In
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processing world, MIS is refereed as equipment, goods and products which utilizes
for managing the information. Equipment requirement of the administration
information framework modifications usually rely upon data interaction requirements
and the size of the related companies. It takes in account projects, customers,
divisions, accounts and various sort of data. Illustration of MIS programming are
Microsoft dynamics, Clarity professional MIS, Fleematics work and Tharstern limited.
KSM (Knowledge Management System)
KSM (Knowledge management system): Such frameworks guarantees that
the information and authoritative information must be gathered and put in such a
manner which would make it successful and proficiency for customer or
representatives for finding or utilizing the fundamental information (Kwilinski,
Shteingauz and Maslov, 2020). KSM helps in assuring that the necessary
information on the company isn't lost in light of fact that the specialists would never
be working again and just who would have the data and where to track it down. IT
delegate the coordinated oaths which would help ion dealing with estimation,
recovering, sharing and distinguish all authoritative information sources. This
framework has several sorts such as candidate global positioning framework,
customer relation with executives, shared task document and criticized data base.
Task 3: Globalisation and the effects of IT on globalisation
Globalization can be explained as a integration of the economy of territory
with the world economy. It is a outcome of the collection of various strategies and
policies which are directed at transformation of the world towards integration and
higher interdependence (Mahpour and Mortaheb, 2018). Globalization is a term
which can be used to define the growing interdependence of the world economy,
population and culture brought about by technologies, cross border trade in goods
and services, people, information and flow of investment. There are various side
effects and impacts being faced by companies and countries because of
Globalization:
Positive impact of Globalization:
 Provide cheap products to customers: Due to Globalization many
organizations are focusing on areas where cost of production is less and in
turn they would be offering cheaper products as they are not costly to be
manufactured hence could be charge lesser rates from clients.
 Better economies: With several multi nation which are heading towards Africa
for tapping the customer base in such areas of world more opportunities are
being developed which would help people in related countries to access better
level of wages and improvise their standard of living. These investments by
such multinational or foreign territories would be helpful in strengthening the
economies of such countries with the foreign exchange they would bring in.
With an rise in number of investors who are looking for investment related
opportunities across the globe, country economies will prove to be beneficial
where the investment is being made. With the help of globalization economies
of various territories is resulting to be more linked to each other since they
depend on each other for trading (Mestry, 2018).
 Innovation: The tendency to generate revenue and profits has always been a
encouragement towards expanded trade, communication of ideas and
innovation.
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Negative impact of Globalization:
 Fluctuation of prices: Rise in competition states that enterprise with the best
quoted prices win. Due to competitive prices which have been observed to
fluctuate for instance, a country such as US has to cut down its rates often to
prove to be competitive for the same goods which are being manufactured
from other countries.
 Job insecurity: Globalization helps in creating job opportunities for persons in
developing territories who would be rendering cheaper manufacturing jobs
(Saptono, 2018).
 Leads to environmental damage: Globalization has resulted to raised
production level for business enterprise in relation to serve global demands.
Increased production denotes more natural sources which are being used and
this can also be used up before they are created leading towards a negative
effect on the environment.
Task 4: Definition, example, advantages and
disadvantages of digital infrastructure
Digital infrastructure denotes the digital methods and techniques which serve
the foundation for an companies information technology and operations. Illustration
of digital infrastructure considers broadband, internet backbone. IT can also be
explained as a base and foundation of digital economy, as it would enable the
connectivity which we all would enjoy and take for granted (Saurabh and Nandan,
2018).
Benefits of Digital infrastructure:
 It has also transformed our capability to form communication with several
apps which would allow users to send information to each other on a
immediate basis and in several formats as well.
 It has also led to opening up a new world of opportunities and chances when
it comes to jobs, the reason being remote working which the internet has been
allowed for. IT has been observed that now there has been new job roles
such as internet technology specialists and everyone can set up their own
online business which can be stated as a benefit.
 It has also resulted in increased commercial competitions on such basis that
customers now are having more options to chose from, which is also a
positive outcome and means that there are no big dictators by the biggest
organisations and the rates they set to be charged. The digital era also brings
digital currency that would make financial exchanges easier and faster, which
is beneficial for international trading (Suhatman, Hukom and Zakiah, 2022).
Limitations of Digital infrastructure:
 The easier communication medium has also served as a negative effect on
our real life social skills and would weaken the strength of community as well
(Xu and Chen, 2020).
 The centralization of control over wealth and personal data denotes that eggs
are being put in one basket. While technology eliminates human error, it is
thus not immune towards failure so relying on something which is not 100%
reliable and accurate.
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 Digital infrastructure has many related disadvantages such as complexity,
security of data, social disconnect, work overload, privacy related concerns
and many more.
Task 5: Risks associated with information systems
outsourcing and why is IT infrastructure so critical to
digital transformation!
Information system outsourcing can be explained as a business practice of
using external provider for handling data and information technology based functions
such as infrastructure solutions, software development and software support as well.
Risks associated with information systems outsourcing
Risk associated with information system outsourcing:
 Inexperienced staff: One of the threats and risks related to outsourcing
information system can be hiring of inexperienced employees for managing
the processes which are involved. By hiring an internal team, an interview can
be conducted and references could be accessed from all the members, but
this technique is effective only if the experience of new hire is being verified.
Information system outsourcing stated that appropriate knowledge is not
available about the members of management information system. Instead it is
necessary to verify the data and experience of the outsourcing provider (Zhu,
Li and Metawa, 2021).
 Loss of control: When a organisation or business transfer responsibilities for
the preparation, development and running its information system to another
business enterprise, it might lose control of the functions of this information
system. For example when a supplier accept the outsourcing information
system, it would put him in a better position as the consumer has to accept
everything which a vendor does and even accept the charges applied by
supplier. If the vendor results to be the only preference for the business to
develop and run its information system, it has to accept any sort of technology
that is being provided by the supplier. Such dependency can often result to
higher expenses or loss of control over the direction of technologies.
 Hidden expenses or costs: When the cost reduction is after the outsourcing
information system, usually and long term cost savings and early cash flow
advantages are being promised. Obviously, current costs can be taken in
account for comparison towards vendor expenses and learning curves can be
developed in futuristic cost plans.
Why is IT infrastructure so critical to digital transformation!
IT infrastructure critical towards digital transformation:
It is for assuring the organization is properly coping up with the demand of
digital transformation, it must be ensured that there is a secure and strong digital
infrastructure. Digital infrastructure is explained by a focus on enabling powering
user experiences and business agility which drive customer engagement and loyalty.
Infrastructure analytics is observed to give insight into platform performance which
would allow higher optimization. The success of a business enterprise is now
forecasted with the help of new elements for example new business models, user
experience, increasing rapid time to value etc. This dynamic environment not only
lead to increasing expectations on the IT industry but also on its leader for
presenting fundamental changes.
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Conclusion
The report prepared as above takes in account explanation related to IT
infrastructure and in what ways it would be helpful to understanding the functioning
and working of business in a competitive environment. It further explains where the
firm is lacking and lagging behind and how it would be useful for the companies to
understand the working and functioning of association and organization. It is
necessary for the company to understand benefit and limitations which they might
face while running a business and in what ways it can over come such challenges
well in advance. There are many risks and threats which are associated and linked
with the business for smooth functioning of the company in long run.
References
Boasiako, K.A. and Keefe, M.O.C., 2021. Data breaches and corporate liquidity
management. European Financial Management, 27(3), pp.528-551.
Dass, N., Nanda, V. and Wang, Q., 2020. Within syndicate conflicts, loan covenants, and‐
syndicate formation. Financial Management, 49(2), pp.547-583.
Hamid, F.S. and Loke, Y.J., 2021. Financial literacy, money management skill and credit card
repayments. International Journal of Consumer Studies, 45(2), pp.235-247.
Jain, P.K., McInish, T.H. and Miller, J.L., 2019. Insights from bitcoin trading. Financial
Management, 48(4), pp.1031-1048.
Kazakova, N. and Sivkova, A., 2019. Financial security of economic activity: analysis, control,
risk management. In Global Trends of Modernization in Budgeting and Finance (pp.
110-130). IGI Global.
Kwilinski, A., Shteingauz, D. and Maslov, V., 2020. Financial and credit instruments for
ensuring effective functioning of the residential real estate market. Financial and
Credit Activities: Problems of Theory and Practice, 3(34), pp.133-140.
Mahpour, A. and Mortaheb, M.M., 2018. Financial-based incentive plan to reduce
construction waste. Journal of Construction Engineering and Management, 144(5),
p.04018029.
Mestry, R., 2018. The role of governing bodies in the management of financial resources in
South African no-fee public schools. Educational Management Administration &
Leadership, 46(3), pp.385-400.
Saptono, A., 2018. Entrepreneurship education and its influence on financial literacy and
entrepreneurship skills in college. Journal of Entrepreneurship Education, 21(4),
pp.1-11.
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Saurabh, K. and Nandan, T., 2018. Role of financial risk attitude and financial behavior as
mediators in financial satisfaction: Empirical evidence from India. South Asian
Journal of Business Studies.
Suhatman, R., Hukom, A. and Zakiah, W., 2022. Financial Policy Analysis of Infrastructure
Development During the Covid-19 Pandemic in Palangka Raya City. Budapest
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Xu, X.L. and Chen, H.H., 2020. Exploring the relationships between environmental
management and financial sustainability in the energy industry: Linear and
nonlinear effects. Energy & Environment, 31(7), pp.1281-1300.
Zhu, L., Li, M. and Metawa, N., 2021. Financial risk evaluation Z-score model for intelligent
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