Management Information Systems

Sample Term Paper on: Management Information Systems

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Management Information Systems

The Concerns of E-Commerce

In Internet time the attention span of customer is just 8 seconds. After that a shopper typically moves on. What’s more is that the Forrester research reports that 42% of the people leave a site unsatisfied will never return (Forrester, 1999). The cost of business in uncompleted orders is simply staggering- early estimates put the monthly retailing losses at $58 million.

The new research indicates that the figure has grown since then. Zona research estimates that slow web response could result in losses as high as $102 million per month for the consumer market alone. This is serious concern for the thousands of online retailing companies and it will soon be a concern for many more.

E-Commerce and Data Warehousing

Integrated Information

An obligation for victorious trade intellect Business brains is about the management a business by means of and examining a company’s most priceless skill, its data. Using business intelligence tools, data can be accessed and examined to provide the decision-maker with important knowledge about the company’s processes and financial performance as well as customers and suppliers. This knowledge can then form the foundation for mutually calculated and strategic decision-making in the company. IDC believes that in the future, global enterprises will increasingly use business intelligence to leverage their market position and achieve leadership. However, business decisions will only be as good as the information they are based on. In order for a company to have an efficient and successful business intelligence and reporting system in place, having a unified perspective of the company’s data is imperative. Without an overview of the entire business, the ability to make sound judgments is lost. Without a global view of a customer it is not possible to provide the optimal service. Without corporate consolidated spend, negotiations with suppliers are weaker. The bottom-line is that without integrated company-wide information, business decisions are uninformed decisions.

Reasons for the Information Integration Challenge

Providing a united view of the company’s information assets to underpin business intelligence is what information integration is all about. IDC has identified