Utilize Modelling To Develop And Use Information Systems For Management Decision Making In The Modern Times

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Issue:

Business

 

Written by:

Erica D

 

Date added:

September 6, 2014

 

Level:

University

 

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No of pages / words:

9 / 2351

 

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6408 times

 

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In the 1990s and beyond, the evolution of information and communication technology (ICT) impacted worldwide businesses in supporting new ways of working, re-engineering and enhancing enterprise information systems (EIS) (Loucopoulos, P., 2008). To respond to the changes of business environment, companies change to better satisfy customer requirements, address increasingly tough competition, improve internal processes and modify the range of products and services they offer (Jacobson, I...
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et al., 1995). At the same time, the integration and evolution of information technology impacted the organisations significantly. Information systems (IS) which is a formal description of an abstract model of a modelled domain (Loucopoulos, P., 2008) not only serve traditional business needs such as co-ordination of production and enhancements of services offered but also play a more important strategic support role to enable automation, monitoring, analysis and co-ordination of whole business functioning (Barrios, J...
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