So, for example, a retail store is run by an information system of some kind. Whether it be an in-house system, like Targets, or a third party system, like Exception Based Reporting (XBR). These systems have three basic components: Input, Processing and Output. The input gathers information from the customer at the register, when about to make a purchase. The information the customer or cashier receives is then processed to generate an output. So the information that is outputted tells the organization their peak hours of business, what is the most targeted band or items they are selling, the average dollar amount spent during those peak hours and how many of those sales are returning customers, in which to target sales and promotions. Those are some of the ways that they work in an enterprise.
How can an it system initially help a company advance?
Like I stated before in the previous questions, one way an IT system can help a company, depending on the market, is reaching out to its customers and/ or keeping people informed in real time and from anywhere. It provides limitless opportunities for marketing, logistics, and operations to better improve their relationships with the customers. In today’s industry, now companies have no choice but to invest in IT systems in order to stay afloat and not to