As a key component of the business changes, Information Systems also plays a predominant role in the development of the business. Right from the information flow at internal end, to end-user levels, a lot of attention is required all through. Over a period of time a lot of dramatic and dynamic changes were envisaged in the way the information systems of many businesses transformed.
In the earlier decades, Information Systems and usage of advanced technologies use to be a sophisticated development for the companies and were used by only well -established companies. But in the recent past, due to the growing competition and the advancement of technologies added to increased customer expectations of better and speedy services demanded almost all the companies of the globe to work towards reengineering the process of management and the business acumen.
In business, Information Systems not only facilitates the basic processes or operations but also supports the decision making process of the Management. Bottom line management or the value maximization which is an ultimate objective of any business management precludes the effectiveness of the Information Systems used by the business. ...
Observation of key aspects
A detailed approach to any issue or the topic can help in gaining deeper insights. However to work on the dissertation of industry issues, a lot of ground work on the contemporary issues is needed. However when working on the key aspects, much attention has to be paid not only to the fundamental factors involved but also to the issues which are to be correlated to the same.
The rest of the paper is organized as follows. The key aspect of any academic study is to deeply acknowledge the objectives of the study. The objective of this paper is to understand the role of Information systems and the new technologies in creating new ways of doing business and the strategic issues related to the same. In order to meet this objective, the role of Information Systems in today's business process is studied along with acknowledging the introduction/implementation of advanced technologies into the business processes. The technical approach to the managerial functions and the managerial approach to the technical aspects of the business process play a crucial role in understanding the scope for developing the business process and its life cycle.
As a part of the study, many industrial verticals like telecom, Logistics, Supply Chain Management, Travel & Tourism, Manufacturing and Service sectors were also substantially researched and the key developments in these sectors are observed. Also the role of Information Systems and the impact driven by them on the way the business prevailed along with the current scenario were also discussed.
Management information Systems - A Review