Question

Assignment 1

Objectives
• Identify the components of business information systems
• Identify technologies in supporting decision making in organization
• Discuss IT/IS strategies in business practices.

Introduction
"The world is moving to a digital economy or 4th industrial revolution. This revolution drives new business models where IT in general and Internet in particular play a major role." You are asked to provide them with a clear understanding of the opportunities presented by information systems used in a retail store, how this might be used to improve its level of operational activities, customers services and relationships with business partners.
Aim
To use a verbal presentation (about 15 minutes), accompanying report to summarise the findings of your investigation the key issues associated in using information systems in business organization.
Assignment
You are required to prepare a presentation of no more than 15 minutes in length (each issue), together with an accompanying report that will outline your findings on the opportunities for a business company to utilise information systems.

Task 1
To produce presentation (each issue) and supporting reports (not more than 500 words for each issue) which will address the following issues

Issue 1:​​​​​​​​​
Identify an information system used by a business organization. Look for information about the company on the Web to gain further insight into the company and prepare a brief description of the business.

Answer 1

Retail businesses use information systems to improve operations, customer service, and partner relations in the digital economy. These systems streamline processes and harness technologies like the Internet, GPS, and GIS, potentially affecting business sizes.

Step-by-step explanation:

Understanding the Impact of Information Systems in Retail Stores

In the midst of the digital economy and the 4th industrial revolution, retail businesses are harnessing the power of information systems to revolutionize their operations, improve customer services, and strengthen partnerships. By identifying and implementing advanced information technologies such as the Internet, Global Positioning System (GPS), and Geographic Information Systems (GIS), retailers can significantly enhance their market competitiveness.

Information systems in retail can streamline supply chain management, facilitate detailed consumer analytics, and enable seamless omnichannel retailing, offering customers a unified shopping experience. Moreover, these systems can foster closer collaboration with business partners through real-time inventory management and integrated point-of-sale systems.

The controversial debate on whether these technologies will lead to larger or smaller firms is ongoing. While technology can help small firms expand their reach, it can also create dominant market players. Businesses must leverage these technologies strategically to thrive in the rapidly evolving marketplace.