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The last decade can be marked as a period of significant changes in the business world. Being accustomed to utilize computers as a powerful tool with its office applications such as Microsoft Word and Excel. In the 1990s office workers first faced the opportunity to share information using the Internet (McNurlin, 2009). However, the situation became even more different with the transition to the third millennium. With a further development of information technologies, the majority of big enterprises had to reconstitute their business processes and to make the transition to the Internet economy. Enterprise resource planning (ERP), supply-chain management (SCM), customer relationship management (CRM) software and the variety of other information systems became essential components of the new economy. It can be expected, that all these complex solutions were designed to bring great benefits for different sides of the corporate activity, in particular, decisions made by top-managers are expected to become nearer to the ideal, customer service is to be improved and collaboration more prolific. Nevertheless, to ensure the desired results it should be taken into account that the key concept of these reorganizations is an information or a data, dealing with which can be a serious issue, and wide utilizing of the data warehouses in contemporary organizations confirms this fact.
Turning to the issues related to information handling, the definition of the information management should be mentioned. According to Hinton’s perspective (2006, p.57) the information management is “the conscious process of gathering information”. A brief overview of the presumable information sources in a high-technology company can help to outline the situation. T...
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Stair, R. M. (2008) Fundamentals of business information systems, Australia; United Kingdom: Course Technology CENGAGE Learning.
Traub, T. (2012) Wal-Mart Used Technology to Become Supply Chain Leader.
Available from: http://www.arkansasbusiness.com/article/85508/wal-mart-used-technology-to-become-supply-chain-leader?page=all
[Accessed 10 November 2013].
Turban, E. (2009) Information technology for management : transforming organizations in the digital economy. 7th ed. Hoboken: John Wiley & Sons Inc.
Wang , R. Y. (1998) A Product Perspective on Total Data Quality Management. Communications of the ACM, 41(2), 58-65.
Wang, R. Y. Pierce, E. M. and Madnick, S. E. (2005) Information Quality. Armonk: M.E. Sharpe, Inc..
Wang, R. Y. and Strong, D. M. (1996) Beyond Accuracy: What Data Quality Means to Data Consumers. Journal of Management Information Systems, 12(4), 5-33.
Lowe’s is a home improvement warehouse that was founded in 1946 as a single store and since has grown to become the second largest in the world. As technology has evolved, Lowe’s has made many advances incorporating new systems and devices to stay competitive. The purpose of this paper is to evaluate the information technology management systems used at Lowe’s. It will look at Porter’s Five Force Model, supply chain management; data base management system, five agent-based technologies, e-commerce and system development lifecycle. Furthermore, it will look at business continuity planning, emerging trends and security vulnerabilities relates to the organization to remain competitive.
What should an organization do? How does one create an environment that promotes data quality? What are some of the problems associated with very poor quality-data?
Many businesses, especially those related to information technology, view data as a preeminent asset. Some assets, such as physical property and equipment are more obvious, but those that are less noticeable can be of greater value, define an organization’s image and success, and offer a competitive advantage. Information is considered such an asset and the collection, maintenance, and update of this asset is critical to an organization’s short and long-term success. Having information that is accurate, dependable, and current is often essential in a business’s day-to-day operations. For example, many businesses directly linked to the financial sector depend upon accurate and current information in order to perform daily financial transactions relating to the financial assets of many clients. Other businesses must have timely data in order to make informed decisions and allow daily operations to perform with optimum efficiency. Regardless of the business, it is necessary to preserve the integrity of the data and possess data that is current or real-time.
It is very difficult to say what data quality means. The word quality itself has different meanings for different people. Even for an individual the word may has a different meaning regarding the circumstances. I will use an example to try to make it clearer. If we ask three people to tell us which car they believe is a quality purchase, we will get three or even more different opinions. Some people will say that acceleration matters, others will say security. Some would prefer an environment friendly car, others a low price one. This is the reason why there is not a universally agreement of what data quality means, so quite few definitions exist. In my opinion Joseph Moses Juran’s definition is the most representative and summarizes the most of the existing definitions. According to Joseph Moses Juran “Data are of high quality if they are fit to their intended uses in operations, decision making and planning” [1].
Haag, S. & Cummings, M. (2008). Management information systems for the information age (Laureate Education, Inc., custom ed.). Boston: McGraw-Hill/Irwin.
Data quality concerns and controls are something that I have had an interest in for several years, and I have encountered continuously in my professional career, as well as my work in graduate school. In my first job as a Loan Officer for Reliance Capital in India, one of my duties was database management for our region. During my tenure in this capacity, we transitioned from a paper-based workflow to an to e-filing system for all pertinent information. I then went on to further refine my understanding of data quality issues while researching genetically modified organisms during my graduate school research at the University of Idaho.
The use of information systems for warehouse management is studied extensively in literature. For example, ...
This research report aims to explore how such a system can be altered and adapted with aid of recent developments in ICT to a more modern level which will aid the way we conduct research in business.
Managing and manipulating data is easy ever since databases were developed for IT guys could just increase the numbers without knowing what output from the database is most useful. Although IT guys are able to manage huge amounts of data, they still cannot impress the topic experts for data management considers data to be just data (Hammond, 2006). Judging mea...
Paige B., Brian D. and Cameron W. (2012). Business Driven Information Systems, 3rd Canadian Ed. 300 Water St, Whitby, ON L1N 9B6, McGraw Hill Ryerson Ltd
While in the program of Bachelor of Science Information System Management (Hons) in UiTM, this program recognizes information as strategic resource. The purpose is to educate and train students with knowledge and skills in how the way of managing information. This include of analyze, design, develop, and managing various types of information systems for identifying, acquiring, organizing, storing, and retrieving as well as disseminating information for users strategic and competitive purposes.
The more information we keep, the more management is required to keep all the information organised. Information needs to be organised so that people can obtain value from it. As with Management, exploitation is also a cost of storing all available information.
Same goes to this article that has its weaknesses. Besides these criticisms, this paper has some value and we need to judge it in terms of the authors' purpose in writing it. It is not intended to be a precise piece of academic work, but is intended mainly to enhance leadership in information field. As a conclusion, information leadership is about exploiting information resources and infrastructures, but in order to be valuable it should also demonstrate a completely understanding the consequences. The article is basically in line with the descriptions of the concepts discussed in earlier literature that covers definitions of information and knowledge leadership and bring both conceptual and practical clarity to the different aspects of the responsibilities of information and knowledge professionals. This article gives much knowledge that benefit to readers so they can think towards new era of information leadership. Hence, this article is good to be a reference for its intended users regarding information and knowledge
Turban et al. (2007: 6th edition) Information Technology for Management: Transforming Organisations in the Digital Economy. Wiley