Mis impact of information technology on business

IMPACT of INFORMATION TECHNOLOGY on BUSINESS

Management Information System

Professor Engr. Reagan B. Ricafort

INFORMATION TECHNOLOGY’S ROLE IN BUSINESS

• Information technology is everywhere in business• Anyone involved in business must understand

technology

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).


• 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.


Functional areas are interdependent

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.


• 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.


• When beginning to learn about information technology it is important to understand the following:– Data, information, and business intelligence– IT resources– IT cultures


• People use

• Information technology to work with

• Information

ADVANTAGES OF TECHNOLOGY TO BUSINESS

• Customer Relations

• Business Operations

• Corporate Culture

• Security

• Research Opportunities

ADVANTAGES OF TECHNOLOGY TO BUSINESS

• Corporate Reports

• Industrial Productivity

• Business Mobility

• Research Capacity

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”.

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.

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.

THE END

GROUP 1 MEMBERS:

1. Cummah, Sheryn Rose

2. De leon, Rosenda

3. De Mesa, Jayson

4. Manalasal, Hameda

5. Talavera, Vanessa