Information Systems

Information System consists of physical components like hardware, software, database, procedures and people operating these components which interact to support the operational, managerial, and decision-making information needs of an organization. So, an information system is the means by which data flows from one person of department to another. An information system accept data from the user, process this data to produce information and achieve knowledge.

Data is a collection of facts, figures, statistics which can be processed to produce meaningful information. A process involves collecting, capturing, sifting, rearranging, calculating, comparing, decision-making, storing, retrieving, reproducing and transporting of data. Information is processed data. It refers to facts, figures or statistics that have meaning. It can become data or input for another process. Information which is known and verified is knowledge and this knowledge which is relevant and useful in any given situation which anticipate events helps the business move in the right direction taking the correct decision at the right points in time is known as business intelligence.

Types of Information Systems

The types of Information Systems are Data Processing System (DPS), Management Information System (MIS), Decision Support System (DSS) and Expert System. The data being processed in each of these systems may be done using Batch Processing Systems, On-line Systems, Real-time Systems and Distributed Systems.A data processing system process large amount of data for routine business transactions; they run a series of programs on an automatic basis at regular intervals. E.g. Payroll, Accounts, inventory.

Management Information Systems (MIS) provide reports or generate information for planning, control and decision making. They use a shared database. E.g. Estimation software for civil engineers. Decision Support Systems (DSS) differs from MIS in that it emphasizes more on decision making in all levels. It provided ad hoc (as and when required) decision reports. E.g. Business software integrating all modules payroll, accounts, inventory which helps the top management to take decision based on the business intelligence gained. In Expert System decisions are taken by the computer itself, it captures and uses the knowledge of an expert for solving a particular problem. An expert system selects the best solution available to a problem or a specific class of problems. E.g. Judicial System, medical system.

In batch processing system data are gathered from time to time and collected into groups or batches before they are entered in to the computer for processing. In On-line System data is entered online and each data is processes immediately. Real Time Processing System is same as on-line system but output is generated fast and efficiently enough to influence on going activity. But on-line system need not be real-time system. And, in Distributed System processing is shared by several independent processors at different locations in a network.

An organization may consist of many business systems and information systems is a subsystem of the business.…

Top Teenage Business Ideas for the Internet

Teenagers need not earn money from waiting tables and babysitting alone. Provided them with a computer and Internet connection and they could well be on their way to becoming one of the youngest and most successful entrepreneurs in town. Get them started by discussing the various teenage business ideas listed below.

Kids with creative skills should use the Internet as their marketing platform for their works. It does not matter if they're good at drawing, writing, sculpting or making scrapbook pages. All of these can be easily marketed online. Just take high-quality photos of your child's works; these would serve as your child's online portfolio. Take a look at standard rates for similar products and price your child's works accordingly. Afterwards, start spreading the word about your child's works or creations. If it's as good as you believe it is then everything will fall into place eventually.

Blogging is also considered to be one of the top teenage business ideas because it's something your kid can do for fun and for a long time. The best blogs are those that come with their own well-chosen domain names; a name that sounds cool and immediately lets the reader know what to expect from the blog. Its layout should also be as cool or smart but the most important success factor is the content. Your child must write something that his peers or maybe younger or older readers, depending on what his target market group is, would find informative, entertaining or interesting. Your child should be able to blog something his or her readers can not get enough of. When the blog contains ads from Google or other advertisers, your child would be able to earn from advertising revenue.

Do not forget that your child can also use the blog to join a relevant affiliate marketing program. If his blog is accepted, he can earn percentage-based contracts from every successful referral he makes.

Lastly, remember that many popular online teenage business ideas are simply a twist of a traditional service offered. Take, for instance, tutoring. If your child is good at playing a musical instrument, a genius in a particular subject, or is fluent in a foreign language then he can use it to teach other people online. As long as your child can prove his qualifications to tutor someone else, students will not mind his age. For this type of business, your child would need a web camera and microphone and charge clients by the hour. …