Business Information Systems and Computer Applications Study
Information Systems and Business Importance
Q1. Explain the various information systems. Briefly explain the importance of Information System for business. (20 Marks)
Information Systems (IS) are structured combinations of people, hardware, software, networks, and data resources that collect, transform, and disseminate information in an organization. These systems help businesses in decision-making, coordination, control, analysis, and visualization of information.
Types of Information Systems
- Transaction Processing System (TPS): TPS is used to record day-to-day transactions like sales, receipts, cash deposits, payroll, etc. It is crucial for the functioning of operational-level employees. For example, a billing system at a retail store is a TPS.
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