In the digital age, information technology drives innovation and innovation is the path to a successful business. Therefore, for any business to remain competitive in the market, it is essential that its Information technology and information systems are up to date and perform appropriately. (BusinessVibes, 2015)
Abingdon Builders, a local construction company has required the help of our consultant team regarding their will to become an agile organization.
Opportunities and characteristics of an agile organisation
To begin with, the core components of agile characteristics within an organisation relate to being able to react swiftly as well as the ability to respond to any potential issues during the management of a project. Therefore, an agile organisation can be characterised by a continuous learning from experiments, an open communication facilitating collaboration and sharing, governance based upon long-term business value and adaptation, and members seeking mastery in their respective skills. Releasing new products with a successful outcome appears as a major key for an effective agile business.
Moreover, an agile organisation is distinguished by its use of information systems to ensure regulatory compliance,minimize litigation risks, support better management decision making and assimilate new records management technologies (Blue Avenue Associates, 2016). Furthermore, since recent years, the massive migration of users from PCs to mobile devices brought many opportunities to businesses. Indeed, the use of mobile devices by businesses tends to:
Describe How to assess the value of an innovation.
The value of an innovation can be assess
What is a business model?
Following a business model is a unique blend of three streams that are essential to the business, the value stream, referring to Abingdon Builders’ relation with business partners and buyers, the revenue stream and the logistical stream. The logistical stream outlines the importance of the migration of users from PCs to mobile devices.
Definition of an information system
This migration is mainly explained by the massive use of Information system, which refers to the software that helps you organize and analyse data. I.S is generally used to solve business problems thanks to its ability to collect, create,store, process, and distribute information, typically including hardware and software, system users, and the data itself.
The four building blocks of an information system are;
Hardware is the tangible component of the information system; it includes central processing unit and the main memory, and, peripheral devices such as secondary storage, input and output devices.
Software is the programs that are needed to accomplish the input, processing, output, storage, and control activities of information systems.
All information systems require the input of data in order to perform organizational activities. Data, as described by Stair and Reynolds (2006), is made up of raw facts such as employee information, wages, and hours worked, barcode numbers, tracking numbers or sale numbers.
Information is the interpretation of bits of data in order to form a greater picture of raw facts. True value is placed on data when it is organized in a meaningful way
‘’Procedures are the rules that the system are controlled by; descriptions and instructions for how things are done. In computer-based information systems, procedures are frequently are in the instruction or user manuals that describe how to use the hardware, software and data.’’
A functioning IS is essential to a business’ success. This is because the purpose of the information system is to turn raw data into useful and accessible information that quickens decision making in an organisation thus allowing the organisation to be more productive. Business objectives are the aims that an organisation goes out to achieve. A business creates business plans to enable it to achieve its business objectives.
Business objectives supported by an IS
Business objectives such as Product Development are supported by IS because information system technology can speed up the time it takes new products to get into the market. This is due to the fact that businesses can create product requirement documents by collecting market intelligence information from proprietary databases, customers and sales representatives. Computer – assisted design and manufacturing software speeds your decisions making whilst collaborative technologies allow global teams to work on different components of a product simultaneously; information technology helps businesses respond quickly to changing customer requirements such as fast acting product development to keep consumer interest.(Basu, 2016)
Another Business objective that is supported by IS is Cost Advantage. Cost savings, rapid product development and process improvements all help companies gain and maintain a competitive advantage in the marketplace. Indeed, it puts them one step ahead of their competition giving them the opportunity to become or maintain being the market leader. Companies can use rapid prototyping, software simulations and other IT-based systems to bring a product to market cost effectively and quickly. This supports the business objective of saving costs, retaining market leadership and producing cost effective product development to retain consumer interest.(Basu, 2016)
Describe Real-time business and information systems
Real-time business and information systems is the process in which business intelligence or information regarding a business operation is delivered as they happen or are required for. It is fast response information that is stored in the company database. For example, many Law firms have real-time data available to them in their information systems for needs such as client history/ previous involvements with the law, past-cases that show similarities that can aide guidance to dealing with the current case and also copies of specific areas of law that are relevant to the case need to be revised in order to be completed.
Real-time business information systems are a necessity for many organisations for multiple reasons such as preventing fraud, allowing customers to receive good service and to keep on top of stock in shops or warehouses. In conclusion real time business information systems allow businesses to provide a faster and more reliable service to its customers. Furthermore, it is a way to make sure that the business ethics are respected in regard to the customers, the moral principles and the philosophy of the company can thereby be passed to their customers.
Summary of the differences between data and information, databases and data warehouses
...(download the rest of the essay above)