Trends in Information Systems

1 Feb

There are many emerging trends in information systems. Before we examine these trends we must first establish what an information system is. An information system is a set of interrelated components that collect, retrieve, process, store and distribute information to support management within an organisation. It is a complex decision support system which is used by firms to enhance and improve their business operations. An information system is a tool used to help management make informed decisions for their business based on information gathered from all business departments.

An important trend in information systems is the ability for firms to use data mining. Data mining is used by companies to collect information regarding consumer purchases and other economic trends. This allows management to use the information gathered to establish goals and directions for future business operations. Most information systems software has trending or forecasting models that allow companies to project emerging consumer markets for profitable operations.

Another important trend in information systems is the ability for firms to network with other companies for business purposes. Electronic data interchange (EDI) is used by manufacturing firms to shorten their supply chain. EDI is used to transfer the necessary information for ordering more products. Networking also allows companies to transfer money through different bank accounts which gives firms the opportunity to pay bills and purchase materials much quicker.

Advances in information systems have led to the creation of new careers in both database management and consultancy. According to the U.S. Bureau of Labour Statistics (BLS), the growth rate for jobs in the information systems is expected to grow 21% from 2006 to 2016.

There are many more trends emerging through advances in information systems. These, along with the trends I have already mentioned, will have a major impact on business decisions and operations within the organisation.

For information click into the following link: http://www.ehow.com/about_5623380_trends-management-information-systems.html

Thanks!

4 Responses to “Trends in Information Systems”

  1. sad111448932 February 1, 2013 at 11:35 pm #

    Gives a great understanding of edi and data mining, Also I found the statistic on future jobs in I.S very interesting

    • sad111452022 February 3, 2013 at 5:37 pm #

      Great insight into how firms use information systems. The link for more information is also very useful.

  2. sad111450818 February 3, 2013 at 8:11 pm #

    Thanks very much! Ya I thought it was a very interesting article with a lot of helpful information. Hopefully there will be more to follow!

  3. sad111350151 February 4, 2013 at 9:00 pm #

    A rise in 21% really seems like a lot, maybe that’s what we should all be majoring in! Really well thought out and interesting blog. loads of valuable information given:)

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