Business Information Systems in the Contemporary World The purpose of this asses
ID: 450770 • Letter: B
Question
Business Information Systems in the Contemporary World The purpose of this assessment is to review the importance and place of information systems in businesses.
Discuss why information systems are essential in businesses today. Share a real-life example of a business that benefited from information systems. Based on the example you shared, answer the following questions and provide appropriate rationale to support your answers.
-What competitive forces challenged the business?
-Which business driver of information systems influenced and benefited the business?
Explanation / Answer
information is the most valueable input to any firm in this competitive market, the one who have more information they have much scope to lead the market. the data which is collected and stored is called as database of the firm. usually the traditional databases are organized by fields, records and files. a field is a single piece of information; a record is one complete set of fields and a file is a collection of records.
this information will helps the firm to identified right customers or right employees or right procedure to offer a product or service. it helps to minmize the wastages to the firm and show a better way to use its resources in a optimum way.
right information helps the firm go take right decision in the right time where as insufficient and wrong information will leads to get trouble to the firms.
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