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Evolution Of Information Systems

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L-R:  Deputy Representative, UNICEF Nigeria, Mr Samuel Momanyi, Country Director, Actionaid, Mrs Ojobo Atuluk, Deputy Representative, UNFPA Nigeria, Mr Koffi Koluame and Deputy Representative, UNFPA, Mrs Prigitte Mokanga-Eno, during the UNFPA signing ceremony for Information Sharing Protocol of Gender-based Violence Information Management Service and handover of equipment in Abuja, recently

L-R: Deputy Representative, UNICEF Nigeria, Mr Samuel Momanyi, Country Director, Actionaid, Mrs Ojobo Atuluk, Deputy Representative, UNFPA Nigeria, Mr Koffi Koluame and Deputy Representative, UNFPA, Mrs Prigitte Mokanga-Eno, during the UNFPA signing ceremony for Information Sharing Protocol of Gender-based Violence Information Management Service and handover of equipment in Abuja, recently

Before the 1960s,
information systems were predominantly basic. The available programme served the following purposes: electronic data processing (EDP) functions as transactions processing, accounting and record-keeping. EDP refers to the use of computer systems in recording, classification, manipulation, and summarising of data. EDP is synonymous with transaction processing systems (TPS), information processing or automatic data processing. These process data from business transactions facilitate the updating operational databases, and generating business documents. Good examples include accounting systems and sales and inventory processing.
In the 1960s, computers received an additional role: data processing to useful informative reports. This introduced the management information systems (MIS) concept. This new role sought to develop business applications which offered managerial end users predefined management reports that supplied managers with relevant information for decision-making. Management information systems are a source of information represented in form of reports and displays utilized in business decision making. These include sales analysis, cost trend reporting systems, and production performance.
By the 1970s, the pre-defined management reports no longer seemed adequate in supporting various decision-making needs by management. As a means of satisfying these needs, decision support systems (DSS) emerged as a new information management system. These new information systems serve to provide various managerial end users with both ad hoc and interactive support systems for their decision-making processes. Generally, decision support systems offer interactive ad hoc support for managerial decision-making processes. Examples of these include product pricing, risk analysis systems, and profitability forecasting.
In the 1980s, microcomputers were first introduced into the workplace, with a profound impact on organisations. There was rapid development of microcomputer processing power, application software packages (such as Microsoft Office), as well as telecommunication networks. This resulted in the new end user computing phenomenon. End users were able to use their own computing resources in the day-to-day job needs, thus eliminating their reliance on indirect support of centralized organisational information services department. However, it was realised that majority of senior executives did not use directly the MIS reports or the analytical modelling capabilities of the DSS. This inspired the introduction of the executive information systems (EIS) concept that provide critical information from existing MIS, DSS and other sources to meet information needs of senior executives.
At the same time, there were significant breakthroughs in the development and use of artificial intelligence (AI) methods to business information systems. The reducing need for physical human intervention led to the freeing up of knowledge workers to attend to more complex tasks. Expert systems (ES) together with knowledge management systems (KMS) brought about the new role for traditional information systems. ES could now serve as consultants to users through the provision of expert advice in particular subject areas. Today, ES or KMS serve as expert advisers and consultants to users. They include credit application advisor, maintenance diagnostic systems, and process monitor. KMS are crucial in supporting the creation, organisation and relaying of business knowledge in the organization
In the period between the mid and late 1990s, there was a revolutionary development of enterprise resource planning (ERP) systems. This is an organisation-specific form of strategic information system. It incorporates the various departments of a firm from operations to accounting to human resources among others. The main strength of these ERP systems is that they have a common interface for the different computer-based organizational tasks and their precise integration and data sharing required for efficient strategic decision making.
MIS to e-Commerce
The exponential development of the Internet and other interlinked global networks during the 1990s significantly improved the ability of information systems in the workplace. As a result, web-enabled and Internet-based enterprise, commerce systems and global electronic business have become commonplace in today’s business enterprises.
Present information systems still undertake the same basic functions they did over half a century ago. These include processing of transactions, record-keeping, provision of useful and informative data to management, and provision of support to processes and accounting systems of the organisation. Nonetheless, there is a significant change in the form of greater ability of information systems to integrate various system functions across different applications and greater connectivity across similar and differentiated system components. Today’s management systems also provide organisations with the ability to relocate such critical computing tasks as processing, data storage, and presentation that enable taking of advantage of the existing and potential strategic and business opportunities.
The continued technological innovation promises increased development in the capabilities of information systems as focus turns on how to increase the speed and coverage of the systems. There is therefore the potential for increased integration and greater flexibility in the future. The Internet, its related technologies and support applications, have significantly evolved the manner in which organizations function and people work. It also impacts the way information systems provide support to business processes, managerial decision-making and create competitive advantage. Businesses are increasingly taking advantage of Internet technologies by web-enabling their business processes and creating innovative e-business applications. Today, e-business refers to the utilisation of various Internet technologies in the workplace and business processes and engaging with customers and other business stakeholders.
The internet and Internet-like networks (intranet and extranet) are now the primary IT infrastructure providing support to various commercial applications in many companies. Most businesses are now dependent on various e-business applications in re-engineering their internal business processes, implementing electronic commerce systems with customers and other stakeholders, and promoting enterprise collaboration among different business teams and workgroups.
Modern decision-making Information systems support various management decision-making at different  levels of management. These include tactical management, strategic management, and operational management.
Strategic management relates to the typical roles of the board of directors and the executive committee consisting CEOs and top executives. This refers to development of the overall corporate goals, policies, strategies, and objectives, which comprise strategic planning process. Also, it relates to monitoring of the strategic performance of the business and its overall trajectory in the economic, political and competitive business environment.
Tactical management – Increasingly, business professionals both in self-directed teams and business unit managers are developing short- to medium-range plans, budgets, and schedules. The plans contain specified policies, procedures and business goals and objectives for the different subunits of the organization. There is also allocation of resources and monitoring of performance of the organisational sub-units
Operational management – Operating managers and members of various self-directed teams are increasingly developing such short range plans as weekly production schedules. These are useful in directing the use of resources among different sub-units as well as the execution of tasks following established procedures, budgets and schedules.
Information systems that enhance the value of information include data warehouse, data mining, and online analytical processing.
Data warehouse (DW) – It is used for storing data extracted from various operational databases, external databases and other databases. Thus, it is therefore a central source of corporate data that has undergone cleaning, transformation and cataloguing for use by management and other business professionals. This data is used at the crucial step of data mining, analytical processing, market research and key decision support.
Data mining (DM) – Data retrieved from DW databases as well as static data are extracted for business processes. The extracted data aids in identifying hidden patterns and trends in historical business activity; making it an important tool for decision-making within an organization. The strategies that management generates are what enable them to gain a competitive edge as well as improve their business performance..
Online Analytical
Processing (OLAP)
OLAP enables managers and analysts to examine interactively, and manipulate, large amounts of detailed and consolidated data from many angles. It involves analyzing complex relationships within data items that are stored in data marts, DW and other multi-dimensional databases. An OLAP session takes place online in real time, with rapid responses to a manager’s or analyst’s queries, so that their analytical or decision-making process is not delayed.
Wori is a US-based systems analyst

 

Okeh Wori

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Eazipay  Offers Zero-Interest Loans To  150,000 SMEs, Employees

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With a mission to ignite growth, encourage business continuity and help businesses and employees thrive, Eazipay is gearing up to propel the dreams of 150,000 SMEs and employees to new heights through her relief fund.
Gone are the days of financial constraints and stifled dreams. With Eazipay’s support, SMEs and employees alike can bid farewell to limitations and embrace a world of endless possibilities.
Whether it’s start up,  business expansion or personal development, Eazipay is here to make dreams come true.
The mind-blowing initiative, which  kicked off this month, would end in December, and will also offer a range of perks and benefits designed to put a smile on the faces of SMEs and employees alike.
From exclusive discounts to various advisory services and beyond, Eazipay is committed to spreading happiness and creating lasting impact in people’s lives and to the growth of businesses.
The technology company which offers products and services that range from payroll management to IT/Device management and assessments, “Eazipay isn’t just providing financial support but also unleashing a wave of growth and prosperity for SMEs and employees across the nation.
“Interested businesses and individuals can take part in this initiative directly from the Eazipay website: www.myeazipay.com”.

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SMEs Critical For Sustainable Dev – Commissioner

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The Commissioner of Finance, Lagos State, Abayomi Oluyomi, has described Small and medium Enterprises (SMEs) as a critical engine for sustainable development in any economy.
He said this recently at the 10th anniversary of the Alert Group Microfinance Bank and the opening of their new head office in Lagos.
According to the National Bureau of Statistics, SMEs accounted for about 50 per cent of Nigeria’s gross.
He commended the positive impact of the Alert MFB as it empowers SMEs in the State.
“Alert MFB in the past 10 years has been at the forefront of empowering SMEs in Lagos State, disbursing over N30bn in loans to over 30,000 individuals having small to medium businesses over that period, which is quite remarkable”, he said.
Speaking, the Group Managing Director of Alert Group, Dr Kazeem Olanrewaju, revealed that the financial institution commenced business in 2013 as a microfinance bank.
“We started this journey in 2013 and it has been expanding. Today, they have about 10 branches across Lagos. They have supported well over 30,000 clients and have disbursed over N30bn.
“The company has been profitable since the second year. Looking at the market and the available opportunity, the Alert MFB board decided to come together to establish a Microfinance Institute (MFI), which is the Auto Bucks Lenders”, Dr. Olanrewaju said.
The GMD further stated that the company was focused more on supporting businesses and small and medium enterprises.
“The loan to support business represents over 98 per cent. The consumer loans you will see are the ones given to entrepreneurs. So, the area of focus of Alert MFB and Auto Bucks Lenders is to support businesses across the country.
“With the establishment of Auto Bucks Lenders, we have the opportunity to also do business outside Lagos. So, presently, we have offices in Ogun State and Oyo State. We intend to go to every part of Nigeria to support what we are doing”, he declared.

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Retailers Explain Price Drop In  Cement Cost

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The cement market, in the last couple of weeks, has seen a significant turnaround with prices tumbling from between N10,000 and N15,000 per 50kg bag to between N7,000 and N8,000.
The sudden rise in the prices of cement and other major building materials in February this year upsets  the construction industry, especially in real estate, where many developers were forced to abandon building sites.
A recent market survey conducted by The Tide’s source in different locations across the country confirmed a price drop, ranging between N7,000 and N7,500 per bag, though BUA cement is selling for N7,500 to N7,800 per 50kg bag, depending on location.
Both entrepreneurs and major distributors who were interviewed,  explained that the price drop is due to low demand and government’s intervention.
At the peak of the price hike, the Federal Government called a meeting with major producers where it was agreed that a bag of cement should be between for N7,000 to N8,000, depending on location.
But the producers did not comply with this agreement immediately, followin which “Nigerians stopped demanding for cement; many project sites were abandoned as developers sat back and waited for the prices to come down.
“So, what has happened is an inter-play of demand and supply with price responding, which is Economics at work”, Collins Okpala, a cement dealer, told the source in Abuja.
In the Nyanya area of the Federal Capital Territory, a 50-kg bag of Dangote cement now sells for between N7,000 and N7,500, while BUA cement sells for between N8,500 and N9,500, down from between N11,000 and N12,000 respectively.
In Lagos, the product has seen significant price drop too. In Ojo area of the state, Sebastin Ovie, a dealer, told our reporter that what has happened is a crash from the January price, attributing the crash to low demand and stronger naira.
“The current price of the product is between N7,000 and N7,500 per 50kg bag, depending on the brand. This is a significant drop from the average of N12,000 which most dealers were selling in February and March”, he said.
A dealer in Agege area of the state who identified himself as Taofik Olateju, told the source that sales are picking up due to the drop in price.
He recalled that Nigerians at a point stopped buying due to the high price of the product at N15,000 per bag.
“I am sure most dealers ran at a loss then because we had mainly old stocks which we wanted to offload quickly”, he said, confirming that the product sells for between N7,500 and N8,000, depending on the brand and the demand for the brand.
Continuing, Olateju noted that “because the naira is now doing well against the dollar, it will be unreasonable for manufacturers to continue to sell the product at the old prices. I also believe that the federal government’s intervention and the threat to license more importers may have worked, leading to the reduction in price”.
In Enugu, the source reports that the product sells for between N7,200 and N7,500 depending on the brand and location.
“This is a city where the price of a 50kg bag went for as high as N12,000 and N13,000 in some cases in February and March”, Samuel Chikwendu said.
He added that the prices of other building materials, especially iron rods, have also dropped considerably which is why, he said, activities are picking up again at construction sites.
The story is slightly different in Owerri, the capital of Imo State, where Innocent Okonkwo told the source that low demand was also driving the price drop, adding that a 50kg bag was selling for N9,000 on the average in the state.
Sundry market observers are optimistic of further price reductions, but they remain cautious as manufacturers, wholesalers, and retailers continue to play critical roles in setting prices for end-users.
They lamented, however, that despite Nigeria’s status as one of the largest producers of cement in Africa, the price of the product continues to rise, particularly in the face of high inflation impacting the building materials market generally.
Okpala in Abuja highlighted the variations arising from direct sourcing from manufacturers versus procurement through dealers, with traders holding old stocks selling products at prices ranging from N8,500, N8,300 to N8,000 per bag.
Lucy Nwachukwu, another dealer in Abuja, said the significance of  procurement volume in determining cement costs, noting that stability in prices has been observed over the past month, with the product retailing for between N7,000 and N7,800 depending on the brand.
In Port Harcourt also, a customer, Daniel Etteobong Effiong, said the price goes between N7500 to N8500, depending on the brand and the location one is buying from.

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