In: Accounting
Discuss how database systems have revolutionised decision making and reporting practices.
Data Base Management system is a software designed to store,retrieve,define and manage data in a database.It helps efficient retrieval,,insertion,deletion ect eg:for database management system is MSQL,Oracle,
Usage of database system improves business performance and decision making ,because it provides tracks of business data's.Better data will support better decision making and better decisions will lead to the success of the organisation
Availability of accurate data at correct time helps managers and employees to run business more effectively
Database system provides data warehouse,that is it store current as well as historical data at a fingerprint.Data base system creat revolutions in the data management.It creat world wide accessibility of data by connecting web,through this system all parties relating to business can access data and also prevent from manipulation of data
Not only for decision making database system also helps for reporting practice.It helps to creat various reports based on datas stored in a data warehouse.Variuos tools are available at database systems to creat reports like RDBMS (relational data base management system)ect,DBMS support desk top presentation of data at a just click
So many reasons exist to shift a file system to DBMS system ,like redundancy of data,unauthorised access,privacy,consistency
So these reasons data base system revolutioned
better decision making and reporting