Monday, September 7, 2009

COMPUTER TECHNOLOGY AND BUSINESS RESEARCH



COMPUTER TECHNOLOGY AND BUSINESS RESEARCH
Technology in business refers to all hardware, software, and other communication aids that achieve the desire business result. To run a business, useful, timely, accurate, reliable, and valid data are needed. When data in their raw form are evaluated, analized, and synthesized, useful information becomes available to a manager that helps them make good business decision. Information gerethering, communication, and decision making go hand in hand. The information age has allowed managers to collect even voluminous data in a short time frame and make sound decision base on their analysis and interpretation. Technology has aid business in developing sophisticated methods of gathering, analysing, and synthesizing of information both from internal and external enmvironment.Technology has made it possible for business to make timely and efficient research vital to the survival of the companies. Commonly technologies in business research include the following:
The internet
Electronic mail
The intranet
Browsers
Websites
Some software used in business research include
Groupware
Neutral networks
CAM/CAD
Enterprise resource planning
Data analytic software programs
Emerging applications in technology include:
Handheld devices
Interactive voice technology,CD-ROM,and relational database
Digital whiteboard
Group video conferencing
Visual reality
Linkage of PCs to electronic devices
Information system and managerial decision making.
A s organization take on expanded functions and grow in size, it is important for them to be equipped with a good information system from which data can be accessed for analysis by executives and managers at different levels. Putting effective information system in place require careful architectural planning .computerized information systems enable the efficient operation of different subsystem in the organization inasmuch as information for any area such as finance,budget,plat maintenance,transportations,marketing,human resources, can be readily drawn by any department
TYPES OF INFORMATION SYSTEMS
Data warehousing
Mining
Operation research
Data warehousing: are aspects of information system. it can be described as a process of,exracting,transferring,and integrating data spread across multiple external data bases and even operating system, with a view to facilitate analysis and decision making
Data mining: This compliment the use of data warehousing. Using algorithms to analyse data in a meaningful way, data mining more effectively leverages the data warehousing by identify hidden relations and pattern in the store in it.
Operating research’s another sophisticated tools used to simplify and thus clarify certain types of complex problems that lend themselves to quantification. It is use s higher mathematics and statistics to identify, analyse, and ultimately solve intricate problems of great complicity faced by the managers. Other information systems include the following:
Management information systems (MIS)
The expert system
Decision support system
Executive information system
All of the above information systems are good decision making aids, but necessarily involved with data collection and analysis in the strict sense.
ETHICS IN HANDLING INFORMATION TECHNOLOGY.
Although technology offers unbounded opportunities for organization and facilitates decision making at various level, it also impose certain obligations on the part of its users.First,it is important that the privacy of all individuals is protected, whether they are consumers,suppliers,employees,or others. In other words, businesses have to balance their information needs against the individual rights of those they come in contact with, and on whom they store data.Second,companies also need to ensure that confidential information relating to individuals is protected does not find its way to unscrupulous vendors and used for nefarious purposes.Third,care should be taking to ensure that incorrect information is not distributed across the many different files of the company.Forth,Those who collect data from the company should be honest, trustworthy and careful in obtaining and recording the data in a timely fashion. The responsibility of the organizations rest s in the fact that technology should go hand in hand with the ethical practices followed by their members as they pursue their daily ongoing business activities.
However, by using the wide variety of technologies available for solving problems of differing magnitude, executives, managers,and other entrusted with responsibility for result at various level of the organization can find solution to various chalengies.In this vain, technology in business is a veritable tool in contemporary business world, without which technology, most of the landslide success in business would not have been possible.
NOTE:
Uma Sekaran.

No comments:

Post a Comment