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

Information Technology’s Impact on Business Operations

Information Technology’s Impact on Business Operations

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).

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.

Information Technology’s Impact on Business Operations

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 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.

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

INFORMATION TECHNOLOGY BASICS

• 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