The role of information technologies & information system in business

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The role of information technologies & information system in business

  1. 1. THE ROLE OF INFORMATION TECHNOLOGY AND INFORMATION SYSTEM IN BUSINESS By – Kevin Joseph MBA (Energy Trading)
  2. 2. Information Technology It is any technology which deals with collecting, processing, storing, and communicating information or data. Eg :  ATM machine  Finger print scanner  Printer
  3. 3. Information system  It is a combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization. Eg  LMS  Online ordering of consignment.  Post segregation in developed countries.
  4. 4. Role of IS in Business At current times, it is the Backbone of business. Mendel’s Evolutionary theory, - “Only the organisms which evolve and adapt to the changing environment, survives” It is used for  Organizational communications  Data management  Accounts  Logistics  Marketing  Sales  R&D  Customer interaction  All types of forecasting
  5. 5. Advantages :  Increased information speed.  High efficiency and performance  Networking to a global scale  Multi-tasking capabilities.  Ability to expand business phenomenally.  Reduces error to a fraction.
  6. 6. Growing Concerns :  Too dependent on Information systems.  Computer Crimes  Illegal access of data.  Lack of privacy
  7. 7. THANK YOU

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