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BUU11550 Information Systems & Data Management Assignment Example TCD Ireland

Information systems and data management might seem like two separate topics, but in reality, they are closely related. Information systems wouldn’t be possible without data management. This assignment will explore the connection between these two concepts and provide some examples of how they are used together. It will also include a brief description of each concept so that you have a better understanding of them both. By the end of this assignment, you should have a good idea of what information systems and data management are and how they work together to create powerful tools for businesses and organizations.

Information systems and data management are critical for organizations of all sizes. By managing and systematically organizing data, businesses can make better decisions, minimize risk, and improve efficiency.

Information systems include the tools and techniques used to capture, store, manage, process, and retrieve information. Data management is the practice of organizing and managing data in a way that makes it useful for business decision-making. Together, information systems and data management help companies optimize their operations and make the most of their data resources.

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In this unit, there are many types of assignments given to students like individual assignments, group-based assignments, reports, case studies, final year projects, skills demonstrations, learner records, group projects, and other solutions given by us.

In this section, we are describing some activities. These are:

Assignment Task 1: Describe how organizations make decisions in today’s business environment.

Data can be used to support every decision made in an organization. Most decisions are supported by both hard data, such as sales reports and customer feedback, and soft data, such as employees’ knowledge of the customers and their needs. As businesses grow more reliant on data, they also rely more heavily on information systems. Data is stored in databases, which are organized by information systems.

There are several types of information systems that can be used to support decision-making:

  • Business intelligence tools help improve insight into business performance by tracking information in real-time and making it available to employees when they need it. They use databases, data visualization tools (which represent data in different ways), and metadata (data that describes other data).
  • Operational decision support systems are used to handle high-volume transactions with little human intervention. These include computer-assisted telephone order processing systems, automated teller machines (ATMs), and self-service kiosks.
  • Operations support systems are designed for the specific tasks performed by employees as they perform their jobs. They include tools such as point of sale registers and control systems that use data to manage physical resources such as inventory, power distribution networks, and water and waste systems.
  • Executive decision support systems are used to make high-level business decisions based on a combination of quantitative data, such as financial reports, and qualitative data, such as industry knowledge and insights from other employees. They include tools such as spreadsheet models and simulations. This type of information system can also be used for planning or forecasting the future of a business.

For instance, an organization can use data from an operational system to build a spreadsheet model that provides insight into the causes and consequences of a change in policy or objective. This information can then be used by an executive decision support system to forecast how different courses of action will lead to changes in performance over time.

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Assignment Task 2: Be familiar with information systems and data management and the applications in business:

Information systems and data management help companies optimize their operations and make the most of their data resources. Information systems consist of computer hardware, software, networks, and all the processes involved in using those resources to store, manage, process, access, and distribute information within an organization or between organizations. A company’s information systems support its sales force; employees’ daily work; its front-line, back-office, and support operations; its manufacturing process; customer relationship management (CRM); strategic planning; market research; data warehousing and business intelligence; online advertising; e-commerce; supply chain management (SCM); customer service in retailing; performance measurement in accounting.

Data can be stored in large databases, which use data management tools to organize the information so that it can be easily accessed when it is needed. These databases are sometimes called data warehouses because they combine data from a variety of sources and provide it in an easily accessible format. Data can also be stored as individual files on computers (on servers), as well as offline, such as on paper or microfiche.

The applications of information systems and data management in business are many:

  • Manage customer relationships through the use of CRM software which integrates with other office software to help manage daily tasks of sales, marketing, and customer service.
  • Integrate data across the organization to provide better information for decision-making by using data warehouse software or business intelligence tools.
  • Enterprise resource planning (ERP) helps companies automate their operational processes more than traditional business management systems by providing more flexibility in how they work with financial, human resources, supply chain, and other business-critical information.
  • Understanding customer preferences is critical to the success of any organization today as they depend on data from social networks to make purchase decisions. Online marketers can use tools such as search engine optimization (SEO) and pay-per-click advertising campaigns through Google ads or Facebook. Data also comes from customer feedback systems such as survey tools.
  • Data mining applications can be used to collect large quantities of data from a wide range of sources and analyze them to determine patterns that can help organizations better understand their market or improve a product or service.
  • Web analytics tools provide valuable insights into how businesses measure the success of an online presence by analyzing data such as the number of visitors, what pages they looked at, and how much time they spent on a site.
  • Data management in mobile devices helps improve business practices and customer satisfaction by enabling employees to work anytime and anywhere. The data collected from mobile devices can be used to analyze company performance or improve products or services.

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Assignment Task 3: Discuss the need for computerized support for managerial decision making:

The need for computerized support for managerial decision-making helps managers become more efficient in their daily tasks at hand and enables them to make better business decisions in the long term. Decision-making is an integral part of how managers carry out their days and without proper tools, it can be challenging. As technology advances, so does our ability to collect data and information. Things that were once not possible 15 years ago are now easily obtained with the click of a button.

  • Computerized support for managerial decision-making allows managers to gain more insight into their business operations and access this knowledge in an efficient manner which helps them make better business decisions in the long term. Having easy access to data can enable any manager to more easily make decisions that would normally take days or weeks of analysis. Data can be collected from anywhere in the world, this flexibility enables managers to gain a better understanding of their business operations and make quicker decisions affecting their day-to-day processes.
  • Computerized support for managerial decision-making assists with data collection, organization, storage, and retrieval. It also allows managers to analyze data and compare them helping them make more informed decisions.
  • Computerized support for managerial decision-making can be used to help manage employees, automate processes, provide customer service, and much more. With the use of technology, managers have a way to collect relevant information which can then be analyzed allowing for better business practices that can help the company reach its goals and objectives faster.

The need for computerized support for managerial decision-making will only become more relevant as technology advances and companies become more dependent on data to shape their business decisions. With the increased use of mobile devices, cloud computing, and social networking sites such as Facebook, Twitter, Instagram, etc., managers have greater access to information and data than ever before. This is a very powerful tool that can be used to help build a successful business, however, it must be done properly and with great thought and consideration.

Assignment Task 4: Describe the business intelligence concepts and relate them to Decision Support Systems:

Business intelligence is a term used to describe the process of an organization analyzing data for efficient decision-making. It allows managers to make better business decisions in the long run by using technology to their advantage.

Several components encompass business intelligence concepts:

  • Data mining is the process of finding patterns in data and data sets. It can be used to predict future behaviors, find inconsistencies and identify commonalities amongst different groups.
  • Managing data involves using proper storage and organization of information for retrieval when needed. Data needs to be stored somewhere where it can remain organized and readily available making it accessible to managers.
  • Decision support systems (DSS) are business intelligence systems that provide tools and data to managers in the form of reports and other types of analysis. DSS helps decision-makers become more efficient and organized with their use of data for better business decisions. The use of DSS allows information to be accessible from multiple locations – anywhere around the world.

Decision support systems (DSS) are computer applications designed to assist managers in decision-making. They can be used to collect, store and manage the information that is accessed through reports and analysis of data. Decision support systems can range from very simple software that just helps an individual manager, all the way up to large enterprise-wide software solutions.

The decision support system (DSS) role in managing data to benefit managerial decision-making is mostly correlational. Managers can use information stored by a DSS to make better business decisions and operations. However, not all DSS designs provide managers the functionality to input their data and manage it themselves. Some DSS designs may require other IT teams to handle that aspect of the software. These limitations are usually part of the DSS design which is not always conducive to the managerial decision-making process.

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Assignment Task 5: Identify the ethical, social, and political issues that are raised by information systems:

The use of information systems can raise several ethical, social, and political issues that all have to be considered before being implemented.

Some of the ethical issues that will need to be addressed include:

  • Information privacy – managers must look at what type of personal information is required for decision support systems and how it will be shared with others.
  • Information security – information must be secure when being stored to prevent security breaches.
  • Fairness in algorithms used by decision support systems is also an ethical issue, managers need to make sure the software they are using is not reinforcing existing inequalities within the organization.

Social issues that may arise with the use of information systems include:

  • Different groups of employees may be more or less integrated with information systems, depending on things like age, gender, and ethnicity.
  • Lack of training for managers to use decision support systems properly could lead to misuse of data which could cause problems for other employees.

Political issues that can arise with the use of information systems include:

  • A manager’s political ties may affect which types of decision support system they are allowed to use.
  • Decision-makers may be limited by what data is available due to political or organizational issues.

There can also be policies limiting the collection, storage, and accessibility of the personal information of employees. This will make it difficult for managers to access any employee data during their decision-making process.

Assignment Task 6: Assess the business value of information systems security and control

Information system security and control is a critical aspect of any business, as it helps protect the confidential and sensitive data of the company. Data breaches can be costly, both in terms of the financial impact on the company and in terms of damage to the company’s reputation.

Information systems security and control should be considered an important part of any business strategy, as it can help protect against these types of risks. Organizations should carefully assess their specific needs and vulnerabilities and put in place appropriate controls to help safeguard their data.

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