Management Information System Report for Secure Asset Management

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This report provides a detailed analysis of the Management Information System (MIS) at Secure Asset Management. It begins by depicting the interconnectedness of the company's business units, emphasizing the role of data and information in facilitating efficient operations across departments such as production, sales, and marketing. The report then delves into different forms of data, including operational, tactical, and strategic data, and discusses the role and responsibilities of data warehousing within Secure Asset Management. Furthermore, it explores various technologies and products related to operational databases and CRM, as well as data warehousing, data mining, and cloud-based data management options. Finally, the report summarizes key ethical, legal, and professional implications associated with information handling and security, providing a comprehensive overview of the challenges and considerations in managing information within the organization.
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Management
Information System
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Task-1..............................................................................................................................................3
Depict how the business units of Secure Asset Management are interconnected..................3
Task- 2.............................................................................................................................................5
Different forms of data & the role or responsibility of data warehousing in Secure Asset
Management...........................................................................................................................7
TASK 3............................................................................................................................................9
Operational database and CRM technologies and products...................................................9
Data warehousing, data mining and data analytics(big data) options..................................10
Cloud based and out-sourced data management platforms and services.............................11
Access of platforms on web-based and mobile applications ...............................................11
Task-4............................................................................................................................................11
Summary of key concerns about ethical, legal and professional implications associated with
information handling and security........................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14
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INTRODUCTION
The system of management information is referred to a system of an enterprise which is
being utilised through the management for operating the business in an effective manner because
this assists the organisation for taking comparative and effective decision in market place. This
support enterprise for promoting control and visualisation in the organisation. The enhancement
of information management is very high as there is number of advance and new technology in
the market place which make this organisation for operate the business in an better manner. The
information system of management is based on use of technology in the enterprise with the aim
for collecting the information through various sources so they can make effective decision in an
enterprise(Fenech, Baguant, and Ivanov, 2019). The information management system is very
useful for the enterprise because this enable management for analysing the desire and needs of
consumers in the market. This make enterprise able for developing the product as according to
desires and needs for the customers. This is most beneficial for the executive of higher level of
the company because this make the able to make valuable and effective decision in an enterprise.
Securing of asset management is an enterprise which takes for demonstrate in this report. The
report particularly provide brief discussion in relation to interrelation for various department of
an enterprise(Rusyn, Vysotska, and Pohreliuk, 2018). This also provides a brief discussion in
relation to the responsibilities and roles to Secure Asset Management data warehousing. This
also contains summary of main concern for legal, ethical and professional implications which
associated with information handling and security.
MAIN BODY
Task-1
Depict how the business units of Secure Asset Management are interconnected
The company's management have conducted their business with the assistance of their
unit of business unit which give extensive sale and growth for the enterprise. The organisation
management is been established as an effective interrelation within various department of the
enterprise which assists the for achieving their objective and goals in the effective
market(Dehnavieh, and, et. al., 2019). The involvement of data and information is very high for
manage interrelation within the department of an enterprise because this make them to operate
their business in an efficient manner.
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Department of Production :
This referred to the department of enterprise in which the production of services and
goods were performed. This is one of the most essential and valuable department for an
organisation due to the failure and success of an enterprise were depending on the quality of
product in an organisation. The production of services and goods play essential role in the
product cost because if the technique were followed through the enterprise then the wastage of
resources take place which make the organisation for operating their business in valuable and
effective manner(Rezvani, and Khosravi, 2019). This is very essential for a management of an
enterprise which they utilise as an modern technology in a process for production so the cost of
production become lower. The management of Secure Asset Management deals with the
business for providing technological assistance to a number of their client. This includes
hardware production such as computer, laptops and many type of software. The production of
these products of enterprise needs number of resources such as technical mind and most
importantly the availability of technology. The department of production in an organisation
wants effective system of communication which is very useful for management in operating their
business in an efficient manner.
Department of Sales
This is referred to the departments for an organisation which deals in the sale of services
and goods of an enterprise in the marketplace. The department of sales in an enterprise have
direct interaction and relations with the client which needs an effective value of the marketplace.
This is very essential for management of worker, the skilful worker in the organisation
department assists for maintain effective relations. The Secure Asset Management wants to give
funds and considerable resources to the department of sale which assist them in operating their
business in better manner. The sales account and forecasting sale were performed through this
organisation department. The management of Secure Asset Management wants to establish
channels of effective communication within the department because this help them for sharing
various information in an enterprise(Sheng, and, et. al., 2020).
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Department of Marketing
This is referred to the department of an enterprise which deals in the advertisement and
promotion of services and goods for an enterprise in the place of market. The management of
Secure Asset Management performs business for technological support for business so the need
for advertisement is very high for the same. This is very essential for the various organisation
department in establishment of effective communication with department of marketing and sales
because this enable them in providing the information for preferences and taste of a customer in
the marketplace.
Task- 2
The enterprise is an combination of various type of department and functions so this kind
of data is also dynamic. This is most essential for management of an enterprise that they
develops valuable and effective organisation system so that stored and collected in an enterprise
in efficient manner. The gathering of data through an enterprise provides good return to an
enterprise because this is utilised in the promotion and sale for a product in an market place.
There are various kind of data which is presented in an enterprise and the discussion related to
this were given below:
Operational data
This is related to a type of data which generates in an enterprise due to happening of
regular operation of business. There are large transactions and events which happened in an
enterprise such as purchase, sale, inventory and many more. The number of frequency in the
transaction is very high which make management able to become confuse and lost. If this type of
data is lost then this is not beneficial for audit which makes many problems for an enterprise.
This is the obligation on all business enterprise which have to maintain the record for data so that
they can support for analysation(Evgenievna, 2019). This is very essential for Amazon
management which is applied in effective information system of management in an enterprise
which they applied in effective information system of management in an enterprise which assists
to make effective management of data in an enterprise. The management of Secure Asset
Management have been conducted the business in various countries of world which is provided
huge amount of data. As a number of business were discussed in above task-1 such as
hypermarket, super centre and many more. The number of consumer in the type of enterprise is
very high which make more data which a management of enterprise have to stored.
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Tactical data
This is related to the type of data which need to be saved from the disclosure and
adjustment for limited time period. It has been identified that there are various types of data
which is presented within the business enterprise. It is the responsibility of the Amazon
management to protect data from the access of the modification in order to perform better within
the business organisation. The management information system helps the companies to provide
with the several data forms in order to perform various functions effectively and efficiently. It is
very significant for the management where the company enables the management to secure their
private data within the business enterprise (Yang, and et.al., 2019).
Strategical data
It is data which help is used in the framing the effective decision and strategies for the
organization. The Amazon management use the strategical data for preparing the strategies for
their competitors in the market so that they able tos sustain their organization for long term in the
market. This is very important for organization to prepare effective strategy because if they
unable to prepare effective strategy then they unable to beat their competitors in the
marketplace.
Classification of Information Systems:
Characteristics Operational Tactical Strategic
Nature of data It is highly structured. It is having some
unstructured data.
This is highly
unstructured.
Accuracy There is highly
Accurate data.
There is some
subjective data.
There is having
highly subjective
data.
Typical user This is the fist-line
supervisors.
This is the middle
managers.
There is top
management.
Level of decision They are task
oriented.
They are very
oriented for control
and allocation of
resources.
This is a goal
oriented.
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Different forms of data & the role or responsibility of data warehousing in Secure Asset
Management
it is identified that the secure asset management is one of the maximum largest
organisation of the arena. The company has more than the one variety of the product which is
offered within the market in all around the world. It has been analysed that the organisation keep
the large number of statistics and data which is elated to the customers of the organisation. The
statistics and data help the companies to control over the certain activities. It is very essential for
the organisation to secure data by the organisation in order to develop the strategic framework
and help in identifying the various aspect of management information system The control of
Secure Asset Management develops distinctive segment of their organization which allows to
keep this statistics and the short dialogue associated with those are given below.
Executive support system- this is defined as the management information system which helps
the business organisation in numerous ways. It is one of the essential and advantageous
aspect for the companies in order to control of the information which is secured by the
organisation. The executive support system is the software where the business organisation
is able to control over the functions and lead to the advantage in dealing with the different
aspect. This helps in controlling the each technology which is heal with the secure
management assets in order to control over the enterprise. (Gupta, A., Kannan, K. and
Sanyal, P., 2018)
Decision support system- this is related to those aspect which is advanced fro the control of
agency and the company can take the better decision for the organisation in an effective and
efficient manner. This is defined as computer program which need to eb considered by the
big multinational companies maintaining the high amount of data. This helps the
organisation to improve the capabilities to make better decisions in order to achieve the goal
and objectives. In relation to the secure asset management the the company uses this
programming in order to resolve the various issues which may arise at any point of time.
(Jeong, C.Y., Lee, S.Y.T. and Lim, J.H., 2019)
Evaluation of current IS at Secure Asset Management- it is very important for the business
organisation to adopt the information system techniques in order to control over the various
business aspect. As maintaining the large data requires the use of the artificial intelligence and
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information system in order to protect the data which is collected by the company. As there are
large number of people and hackers which can spoil the image of the company by leaking the
important business information. The secure asset management uses CAMELS technique. This is
the technique which help the organisation in controlling the facts. This is the tool which is used
by the organisation in maintaining the adequacy and controlling over the other functions of
business sin profit maximisation. It is very important for the organisation to keep the latest
version of the technologies which help in various ways
Technology strategy to enable big data strategy
As there is increase in the development of the technologies around the world which is
enabling the big data strategy. It is becoming important for the business organisation to fours in
the development of the management information system in order to protect data from the harmful
and external factors. As there are various aspect within the organisation which is related to
production department, marketing department, operations department where the use of the
technology strategy need to be adopted by the company in order to have the competitive
advantage. The big data and the use of the different technology traits helps the organisation in
maintaining their bug data in order to have the strategic advantage for the company. This is
important as the technology strategy is directly impacting the strategy to the big data. The big
data is the collected form of various information which is tired by the organization for the future
development within the company in order to attract customers in numerous ways. It is very
important for the organisation to adopt to the new and latest technologies of the management
information system in order to maintain the big data of the company and gather the right
information of the market.(Sylves, R.T., 2019)
Advantages of Information System-
There are several advantages of the information system within the organisation which need to be
adopted by the company so that the company can perform better in order to gain
competitive advantage. The various advantages of the information system are discussed
below;
this helps the organisation in the various operational efficiencies where the
operation department is able to work in the effective manner.
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The management information system help the business organisation in cost
reduction by identifying the errors which can be not repeated further.
The information system by the organizational and development of the various
cartograms can help the company in improving the customer services.
It is also identified that the information system within the organizational and use
of the effective technology help in the growth in the communication capabilities
within the different department of the business enterprise. (Gabryelczyk, R.,
2020)
Disadvantages of the information systematic
As with the advantages there are always the demerits of the particular aspect. The
information system also has several disadvantages which are discussed below;
the one of the major drawback is the security issue as the use of the formation system
there is the security issue which can arise any point of time with any system
the information system is the huge expense for the company as maintaining the software
and the use of the technology requires the high expertise professionals along with the
large maintenance.
As once the company are dependent over the technology it is hard for the organisation to
shift for the manual working. This requires a huge investment within eta training and
development f employees .
There are the large changes of the data duplication which can lead to the the mistakes for
the organisation in developing the huge amount of data information for the business
organisation. (Lin, and et.al., 2021)
TASK 3
Operational database and CRM technologies and products
Operational Database: This refers to the storing data, modifying, retrieving and managing data
in their real time. This is very effective way for managing the data for the organization. This is
basically a software which is used by the Amazon organization store the data of their operation.
This is based on the SQL and NoSQL for the source of the warehouse of the data. This is secure
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and it is used to secure the asset management of the organization for updating the data of their
real time.
CRM is based on technology for management the firms of the relationship and interaction with
the potential customers. This is secure asset for the organization to use for the CRM as it helps
them to sustain their customer connected for long period of time. There is having some CRM
products which is explained below:
Web services and services oriented architectures: It is used by the organization because it is I
secure and it increased the flexibility. This is more adaptable when the changing in the business
process. This will allow management to work across all application of the organization.
Speech application: his will help to reduce the cost and boost the transaction of the firm in a
sequence way. The Amazon organization used VoiceXML for cutting their cost and consumer
satisfaction.
Data warehousing, data mining and data analytics(big data) options
Data warehouse: This is information is used by the organization for preparing the effective and
better decision. The management of Amazon in the organization is use the store information and
properly analysed by the management to prepare and make right decision for the organization
which help them to grow and developed the business in the market. There are some option to
secure the asset of the organization are explained below:
Snowflake: This is very easy to use and popular in the warehouse for the storing the data.
The Amazon organization of warehouse store the data in this application because it is
flexibility in primary the primary selling points.
Google Big Query: This is data warehouse industry and it is completely based on the
cloud and it is also very easy to use for the management. The secure asset management
uses it for analyse the capabilities offering insights, prediction and intelligence features
which make long term and scalable solution.
Data mining-
Organisations use process of data mining for chasing a competitive edge through better
understanding its customers varied needs as well as wants. It also helps in overseeing the insights
of the business operations along with improving customer acquisition as well as new
opportunities of business. There are some of the options which are used by Amazon-
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Integration: Data integration is pre-processing tool of data which covers merging data
from multiple sources into coherent data for retaining as well as supporting a
consolidated data store.
Rapid-miner- It gives data mining as well as machine learning processes that consist of
data loading and transformation, visualisation and data preprocessing, statistical
modelling, predictive analytics and many more.
Cloud based and out-sourced data management platforms and services
The management of cloud data is an approach of managing data throughout the cloud
platforms instead of or either with on-premise storage. The cloud is considered as useful as a
data storage tier for recovery of the disaster, long-term as well as back-up archiving. With the
support of cloud data management, the resources of an organisation can be bought as and when
required.
Access of platforms on web-based and mobile applications
The concept of web-based application is said to be any program which is accessed
throughout a connection of network by making use of HTTP instead of existing within the
memory of a device. It provide assistance to an organisation in reaching out to its new customers
in order to let them know regarding the company along with the products or services offered by
it.
Task-4
Summary of key concerns about ethical, legal and professional implications associated with
information handling and security
There are various factors that employer controls and tries that they are not copied or there is no
manipulation of information and facts inside the business. There are various guidelines and that
authorities of united states of America have furnished in commercial enterprise corporations with
the motive to security and safety of rights. The General Data Protection Regulation is there with
the aim to protect and have toughest safety and private regulations present inside the entire
world. European Union regulation have information safety and private in European Union and
European Economic Area.
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Ethical- It is connected with values and practises that are being performed in Amazon via
different ways of the personnel of Amazon in time period with tremendous and interest. It is
the responsibility of amazon’s managers that they do not leak or open the records of the
enterprise in market or to any outsider or rival entity. It is the responsibility of the managers
of Amazon that they expand and maintain powerful records which are being operated in
moral manner and ethical way with inside and outside of the organization. It also ensures
the right moral coaching and teaching are accompanied with different means. It is usually
recommended for Amazon to the control and accompany all of the policies and laws and
regulations that have appeared as moral in records. It can be very critical and important for
the moral and ethical merchandising inside Amazon that the personnel operating is there and
has clean and tremendous thoughts that are set in the direction of the records(Guha, and
Kumar, 2018).
Legal- There are various policies and laws that are used by the authorities of Amazon that need
to be accompanied and accomplished through by the enterprise. These policies and
guidelines are made to ensure the safety and security of clients records from various
malpractices and other illegal works that are there. The records that are there and have
accrued in Amazon involves the non-public records and banking records that are related
with the clients can be utilized by any hacker or employee who is dishonest to Amazon can
use it for gaining advantage. It is the obligation of the managers of Amazon in putting and
implementing various policies and laws of their entity in order to secure and stop misuse of
the information robbery. In context with Amazon, corporation needs to develop and
implement diverse rules and regulations on the use of the important information of the
clients and it also needs to manage and control all the inside and outside of the enterprise
processes(Ikechukwu, and, et. al., 2019).
Professional- It is very important for Amazon to acquire and possess the achievement of their
enterprise that their personnel and employees behave professionally and ethically inside and
outside the company, especially inside the premises. It is the responsibility of team of
Amazon to control and maintain to offer schooling and teaching that is related to the
professionalism ethics and code and conduct.
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CONCLUSION
This is concluded in the above report that the commercial enterprise device for Secure
Asset Management were additionally finished and interconnected to the specific type of record
and portion or obligation of record warehousing in Secure Asset Management. The speedy
dialogue associated with the key issues approximately prison, ethical and expert implications
which were related to statistics dealing and safety were concluded in this report.
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REFERENCES
Books and Journals
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investments: Impacts on competitors. Information & Management, 56(5), pp.681-695.
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Gabryelczyk, R., 2020. Has COVID-19 accelerated digital transformation? Initial lessons learned
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