Answered Essay: Answer with your own wrod ( just couple line) make it simple as you can. 1. Explain the factors

Answer with your own wrod ( just couple line) make it simple as you can.

1. Explain the factors that have helped in emergence of global economy?

2. Explain how information system achieves the objective to support the activities of managers in organization

3. What is knowledge based expert systems. How are they useful in modern enterprises? Provide examples

Expert Answer

Answer

1. The factors that have helped emergence of global economy,

– Disparity in availability of natural resources among different geographies. e.g. the gulf countries have an abundance of oil, however, they need to buy from other countries when it comes to foodgrains. Necessity for human existence and disparity of natural resources is the basis of global trade and economy.

– Skills and manpower availability – trade and manufacturing needs skilled human capital to flourish. At times, as companies mature, the need for skilled human capital increases multi-fold however, supply of the same does not necessarily improve, or even if there is supply, it might not be economical. This is where industries tend to look at a global level whereby they can optimise their skill requirements without paying unreasonable amount of money for the same.

2. Information systems, in today’s business, is the backbone of the organisation. Managers bring in depth understanding of people, processes, markets and customers. Their job is to get things done and to feed into the ongoing strategy of the organisation. For a manager to be more effective, a robust information systems infrastructure is essential. It increases the manager’s productivity and frees up time for him/her to perform activities which add more value from an employee or customer standpoint. eg. imagine the world when all documentation in organisations used to be done through paper. If an employee needed a leave, he needs to fill a prescribed form in triplicate, get it approved and signed by the manager, retain a copy for records, hand over one copy to the manager and one copy to HR team. eventually, if there was any detail that was erroneous in the form (since it is manual), the same could impact his or her salary payout. Now imagine the amount of time that the employee and manager would have wasted in this process.

On the other hand, with robust ERP packages with inbuilt leave management systems, the employee just needs to fill in some basic details online and submit, which automatically goes to the manager, and therefrom to HR with no human intervention. I have picked a very simple example to demonstrate the positive impact that good information systems have on managers and organisations.

3. Knowledge based expert systems are systems or engines that have the capability of storing information over a period of time basis data fed by the experts or users. The data so collected, if organised in the right manner, can be used to take decisions, which were hitherto subjective and would have needed human intervention. The system is smart enough to capture relevant pieces of information and store if for future use.

Classic example is “google’. it’s ability to store search data is immense, Every time you search for a certain phrase or word, the engine will prompt you, it can do so because when in an earlier instance an operator conducted a similar search it recorded the same and is now prompting you, thereby making your search easier and quicker.

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