Information system comprises of the technology that collects, stores and processes information (Aberer and Martin-Flatin 3). Today, many firms and business organizations that compete globally are compelled to adapt information system technology or risk being faced out of business.
The main importance of information system to any modern organization is to store its data and that of its associates and customers in a secure manner (Aberer and Martin-Flatin 5). Due to the increase in instances of fraud and data hacking, organizations have to ensure maximum protection and confidentiality of their data. Organizations also use information system to store and disseminate their data. This makes it easier and faster to access data, as it organized in a systematic order.
Database technology is a system that shows a representation of the outside business environment in relation to the internal business. Examples include those found in the flight industry, banking and the stock exchange markets. This kind of representation is very essential in organizations today, as it helps business transactions to be easier and faster.
For instance, if we were to calculate all the daily financial transactions in a bank, it would take several months as compared to using database technology where it takes a few minutes to perform various transactions.
An enterprise system is application software that enables computation, storage and transmission of data in business processes. It is of great significance to modern organizations. These are software different from the retail software in that, they are specially designed for organizations’ operations.
The software is business oriented for operations such as online payment, billing, customer relations and product catalogue. Different organizations have different enterprise systems that relate to their operations. This makes it easier for organizations to use such software as they are best suited to the organizations’ operations (Becker and Shaw 109).
Enterprise system enables organizations to carry out large and complex business processes in an accurate, fast and reliable manner. Business operations are now more efficient, as the application software allows multi-tasking where several operations can be conducted at the same time.
Not only is the system fast and accurate, it is also user friendly allowing people with knowledge of computer operations to use it with less intricacy. Through such processes a business is able to achieve its goals and objectives since its operations are accurate and efficient. The system is integrated with protocols that ensure security of the organizations data while maintaining the integrity of the operations.
Project management entails planning, coordinating, organizing and managing of time, resources and money so as to achieve the set organizational goals. The objectives of project management act as a guideline in the implementation of a project.
Such objectives include setting a budget for the project to ensure that the project is fully achieved without delay due to financial constraints or spending too much on the project. There should also be a schedule for the project to ensure that the project is completed in good time. Quality solutions and continuous improvement enable the project to be effective and with less errors.
In a nutshell management information system is essential to any business in the modern world. It helps the organization to store and process data securely especially at such a time when there are frequent cases of data hacking being reported (Becker and Shaw 110). Management information system also helps organization conduct their operations faster, accurately and more reliably. For an organization to prosper and achieve its goals and objectives, it should consider adopting information system processes.
Works Cited
Aberer, Karl and Martin-Flatin, Jean-Philippe. Conception of Information Systems. 2005. Web.
Becker, Jorg and Shaw, Michael. “Information Systems and e-Business Management.” Journal of Business Information Systems 10257.1 (2005): 107 – 123.