Logical mind map for brain
Logical mind map World wide web
TOPIC: BUSINESS INFORMATION SYSTEM
Juxtaposition
To define information system ,we will start by examining what a system is . A system is a set of elements or components that interact to accomplish certain goals. An information on the other hand is a collection of data that are more valuable that raw data.
Information its self has a value and Commerce often involves the exchange of information rather than tangible goods. System based on computers are increasingly been used to create ,store and transfer information. using business information system,inventions make multi-million dollar decision,financial institutions transfer billion of dollars around the world electronically, they order, manufacture and distribute goods faster than ever before.
An information system is the information and communication technology (ICT) that an organisation uses,and also the way in people interact with this technology in support of business processes.
For instance many people and organisation use information everyday ,organisations like retail chains collect data from their shops to help them stock what customers want and to reduce cost. Information system usually involve computers and together they are constantly changing the way organizations conduct business.
By now its almost a cliché to take note of the World Wide Wed (WWW) potential as a business resource. Many organizations have devoted much attention to the vast consumer market accessible via the internet. For example ,research has shown that the total USA 1998 economic activities surrounding the internet, including computer hardware purchases,wed authoring services,commerce and so forth was estimated at more than 300 billion dollars in sales and 1.2 million jobs provided, and the statistics doesn't even address the non-commerce efficiency and savings that the internet based technologies bestowed on business in areas such as supply chain management.
A transaction is any business related exchange such as payment employees ,sales to customers or payment to suppliers. thus, processing business transactions was the 1st computer application developed for most organisations. A transaction processing system is an organised collection of people,software,procedure ,databases and devices used to record completed business transactions. This helps organization perform and integrate important task such as paying employees and suppliers,controlling inventory ,sending out invoices and ordering suppliers
In conclusion information system is important for any organisation to grow.
RANDOM WORDS
Database
Payroll
Service
Profit
Tax
ATM
Data
Files
Hardware
Processes
Printer
POS
People
