In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Thursday, October 23, 2008

Enterprise Information Portals

Enterprise Information Portals
Enterprise information portals are growing trend in the design and deployment of intranets in business. An enterprise information portal (EIP) is a web based interface and integration of intranets and other technologies that give all intranet users and selected extranet users access to a variety of internal and external business applications and services.

For example, internal applications might include access to e-mail, project websites, and discussion groups; human resources Web self-services, customer, inventory, and other corporate database; decision support systems, and knowledge management systems.

External applications might include industry financial and other Internet news services; links to industry discussion groups; and links to customer and supplier Internet and extranet websites. Enterprise information portals are typically tailored or personalized to the needs of individual business users or group pf users.

The business benefits of enterprise information portals include providing more specific and selective information to business users, providing easy access to key corporate intranet website resources, delivering industry and business news, and providing better access to company data for selected customers, suppliers, or business partners.

Enterprise information portals can also help avoid excessive surfing by employees across company and Intranet websites by making it easier for them to receive or find the information and services they need, thus improving the productivity of a company’s workforce.

However, in order to present something as simple as a Web page with links to useful internal an external information sources, applications and services, an enterprise information portal must integrate many information technologies. So full fledged corporate portals are proving to be a challenge to build.
Enterprise Information Portals

Wednesday, October 8, 2008

Management Information System in Business

Management Information System in Business
Why do you need Management Information System to solve Business Problems?
The business environment is changing on a daily basis. The competition is everywhere from cost cutting to marketing strategies. To maintain competitiveness, management must improve the efficiency of operation without scarifying the quality of products and services. To achieve this task, making timely and correct decision is the key to success. Since good decision making requires quality data and timely information, a Management Information System is specially designed top provide information on a timely basis. An MIS also provides different types of information based on user’s need to improve effectiveness and efficiency.

What Computer Technologies Are Available For Business?
Information systems are used in all business domains. For example, finance uses information to forecast revenues and maximize investment, make selections on stocks and even predict bankruptcies. Accounting uses information systems to record transactions, prepare financial statements manage cash flow and predict profit or loss. In marketing information systems are used to develop new merchandise and services, for customer segmentation, to determine the locations for production and distribution facilities, to develop formulate price strategies, and even to develop the promotion policies. In manufacturing, information systems are used to process customer orders, develop production schedules, design new products and test product quality.

In addition, network technologies allow users to share information and other resources. As a result, information retrieval can be more efficient and readily available. Current Internet technology provides businesses with a variety of external business information requires. With the impact of Internet, intranet becomes another new technology popular for business. An intranet is a small version of Internet in one organization. It provides almost the same services as the Internet but with better security and privacy. Artificial intelligence technologies are also applied to business functions. Neural networks have been used to predict the stock and bond markets. Expert systems are used to help managers with financial environment to improve the quality of services and products.
Management Information System in Business

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