Mis impact of information technology on business
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IMPACT of INFORMATION TECHNOLOGY on BUSINESS
Management Information System
Professor Engr. Reagan B. Ricafort
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INFORMATION TECHNOLOGY’S ROLE IN BUSINESS
• Information technology is everywhere in business• Anyone involved in business must understand
technology
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Information Technology’s Impact on Business Operations
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Information Technology’s Impact on Business Operations
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Information Technology’s Impact on Business Operations
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Information Technology’s Impact on Business Operations
• Accounting - provides quantitative information about the finances of the business including recording, measuring, and describing financial information.
• Finance - deals with the strategic financial issues associated with increasing the value of the business, while observing applicable laws and social responsibilities.
• Human resources - includes the policies, plans, and procedures for the effective management of employees (human resources).
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Information Technology’s Impact on Business Operations
• Sales - the function of selling a good or service and focuses on increasing customer sales, which increases company revenues.
• Marketing - the process associated with promoting the sale of goods or services. The marketing department supports the sales department by creating promotions that help sell the company’s products.
• Operations management - includes the methods, tasks, and techniques organizations use to produce goods and services. Transportation (also called logistics) is part of operations management.
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Information Technology’s Impact on Business Operations
Functional areas are interdependent
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INFORMATION TECHNOLOGY BASICS
• For an organization to succeed, every department or functional area must work together sharing common information.
• Information technology can enable departments to more efficiently and effectively perform their business operations.
• Information Technology affects the accuracy of business operations.
• I.T. also allows companies to communicate easily regardless of distance.
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INFORMATION TECHNOLOGY BASICS
• Information technology (IT) – a field concerned with the use of technology in managing and processing information
• Information technology is an important enabler of business success and innovation.
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INFORMATION TECHNOLOGY BASICS
• When beginning to learn about information technology it is important to understand the following:– Data, information, and business intelligence– IT resources– IT cultures
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INFORMATION TECHNOLOGY BASICS
• People use
• Information technology to work with
• Information
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ADVANTAGES OF TECHNOLOGY TO BUSINESS
• Customer Relations
• Business Operations
• Corporate Culture
• Security
• Research Opportunities
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ADVANTAGES OF TECHNOLOGY TO BUSINESS
• Corporate Reports
• Industrial Productivity
• Business Mobility
• Research Capacity
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SAMPLE CASE STUDIES
• London Heathrow—The failure– Baggage handling system: original cost of
$500 million– Disaster on opening day, costing $ 50 million
due to over 28,000 bags being misrouted• FedEx—The success
– $ 38 billion family of companies—largest express transportation company
– “Information hub for business where managing information is the business”.
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SAMPLE CASE STUDIES
• The globalization of intellectual capital
- with the availability of high-speed networks and English increasingly as a universal language, it is easier than ever to have intellectual work such as research and analysis performed by specialists anywhere in the world.
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SAMPLE CASE STUDIES
• The accessibility of information - the availability, quality, and speed of
information are all combining to transform our work and personal lives
• The replacement of labor- low skill jobs that involve repetitive, non-cognitive processes are increasingly "automated away" by technology.
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THE END
GROUP 1 MEMBERS:
1. Cummah, Sheryn Rose
2. De leon, Rosenda
3. De Mesa, Jayson
4. Manalasal, Hameda
5. Talavera, Vanessa