Analyzing Value of an Information System

E-Commerce & M-commerce

Organizations adopt and implement the concept of information systems in order to address the needs and goals within the market and industry. In order for the information used by organizations to be valuable and essential in the achievement of the goals, it must portray several attributes. These include completeness, accuracy, economical/cost effective, flexibility, reliability, relevancy, simplicity, currency, verifiability, accessibility, and security aspects in relation to implementation by the relevant business organization. There are several types of the information systems applicable in the context of modern organizations or business entities. Some of the valuable systems applicable in the context of business entities include E-commerce and m-commerce, TPS and ERP, MIS and DSS, and specialized business information systems.

E-commerce refers to any business transactions under the influence of electronics to enhance interaction between relevant entities. E-commerce facilitates interactions between companies, companies and clients/consumers, consumers and other consumers, business entity and the public sectors, and consumers and the relevant public sector. This is critical towards the achievement of the goals and objectives thus the aspect of developing competitive advantage within the market and industry. The organization has the opportunity to compete effectively in relation to effective and efficient application of the e-commerce concept in marketing and interaction with other entities. Mobile Commerce (M-commerce) refers to the application of wireless devices such as mobile appliances in the order placement and other transactions of business activities. Organizations have the ability to enhance their stock prices and market value through an extensive application of the e-commerce in the transactions of business and interaction with relevant entities within the market and industry. There is also the concept of electronic business (e-business) that refers to the application of information systems and internet in the execution of business-related tasks and duties.

Input

This refers to the concept of gathering and capturing raw data in order to initiate the process of developing information and valuable knowledge in relation to the market and industry. The organization has the ability to obtain data from the internet sources such as websites. This is through extensive monitoring of traffics of the website visitors. Organizations also have the opportunity to obtain data through the development of interactive websites or platforms thus the chance of inviting interaction from consumers and other relevant entities. This is possible through the aspect of internet and advanced technologies.

Processing

This refers to the conversion of raw data to useful or valuable information or output by the organization in the process of addressing the needs and requirements of the organizations and other entities during interaction. E-commerce and m-commerce enable organizations to process the collected data into meaningful output thus implementation to the concept of the business.

Output

Output in this context refers to the production or manufacturing of valuable information, usually in the aspect of documents and crucial reports to aid the efforts of the organization in meeting the demands of storage and referencing. E-commerce and m-commerce will enable the organization to store relevant information electronically thus applicable for future referencing.

Feedback

This refers to the information extracted from the information system applicable in the development of changes to the input or relevant processing activities. E-commerce and m-commerce are also applicable in the development of feedback in relation to the situation facing the organization. This involves application of the collected data into solving problems or challenges in relation to business aspects such as marketing and promotion. The organization also has the ability to improve its services and products through implementation of the feedback from the consumers or other interacting partners.