1.1 The Role of Information Systems in Business Today
Outperform competitors
Making wise decisions about information technology and information n systems
How Information Systems are transforming businesses
Supply chains have become more fast-paced, with companies of all sizes depending on just-in-time inventory to reduce their overhead costs and get to the market faster.
Social networking is changing the way business works through connecting to their stakeholders
Despite recession, e-commerce and internet advertising continue to expand
What is new in Management Information Systems?
Continual change in technology, management use of technology, and the impact on business success.
Successful firms are the ones that know how to use the new technologies
Three interrelated changes
1) The emerging mobile digital platform
2) The growth of online software as a service
3) The growth in ‘cloud computing’, in which more and more business software runs over the internet
Iphones, ipads, blackberrys, and web-surfing netbooks represent new computing platforms based on an array of new hardware and software technologies
Computing is moving from PC’s and desktop machines to mobile devices, thus managers use these devices to coordinate work, and communicate with employees. Which is called emerging mobile digital platform.
Managers use so called, “Web 2.0” technologies like social networking, collaboration tools, and wikis in order to make better and faster decisions.
As management behaviour changes, the way work gets passed around also changes.
The strength of cloud computing and the growth of the mobile digital platform allow organizations to rely more on telework, remote work, and distributed decision making.
Firms can outsource more work and rely on markets rather than employees to build value. Also collaborate with suppliers and customers to build more efficient products.