In: Economics
Do information systems affect the performance of organizations? How?
In today's world the information acts like a life-blood of business. The decisions quality is completely dependent on the right type of information. The main purpose is to develop and maintains computerized information systems of production to process data effectively to produce useful and timely information. The accurate information means the right quantity, the right quality, and the right timing of information. Circulation of required information is as vital as the circulation of blood in human being. It keeps the business actively functioning, alive, and connected with internal as well as external business participants. It is a valuable asset for business because provides the base to manage other valuable assets. The business which fails to manage information (which means collecting, analyzing, interpreting, storing, and disseminating of information) will certainly fail to attain targets.