THE ROLE OF INFORMATION TECHNOLOGY AND INFORMATION SYSTEM IN BUSINESS

By –Kevin JosephMBA (Energy Trading)

Information Technology

It is any technology which deals with collecting, processing, storing, and communicating information or data.

Eg :

ATM machine

Finger print scanner

Printer

Information system

It is a combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization.

Eg

LMS

Online ordering of consignment.

Post segregation in developed countries.

Role of IS in BusinessAt current times, it is the Backbone of business.

It is used for

Organizational communications

Data management

Accounts

Logistics

Marketing

Sales

R&D

Customer interaction

All types of forecasting

Mendel’s Evolutionary theory, - “Only the organisms which evolve and adapt to the changing environment, survives”

Advantages : Increased information speed.

High efficiency and performance

Networking to a global scale

Multi-tasking capabilities.

Ability to expand business phenomenally.

Reduces error to a fraction.

Growing Concerns :

Too dependent on Information systems.

Computer Crimes

Illegal access of data.

Lack of privacy

THANK YOU