Foundation Information Management Systems †Myassignmenthelp.Com

Question: Discuss About The Foundation Information Management Systems? Answer: Introducation The company was established in 1981 and is listed in NYSE as international consulting and IT services based organization. The number of people of working for the company is more than one lakhs ninety eight thousand (Verbeke, 2013). The company started with a capital of two hundred and fifty dollars and has now risen to approx ten billion US dollar company with high level of market capitalization of around thirty four billion US dollars. Overall organization business strategy The company follows the following business strategy: - Building an organization case for adoption of SOA. Assessment of enterprise preparation for the adoption of SOA across all kind of three angles that are process, people and technology. The overall assessment also covers the areas like architecture, infrastructure, governance and the compliance with present SOA based projects (Grover, 2016). Customization as per maturity model offered by SOA that defines the basic changes also states for the services based enterprise with related KPI and also enabling plan for the overall changes. Information technology IT strategy and how it served to accomplish the organization business strategy Following are the IT strategy taken up by the company: - IT strategy with a plan development: creating diverse kind of IT strategies that ensures that there is proper delivery of business agenda, building business cases that ensure the calculation of the delivery in order to achieve high business value. It is also important to agree with current IT strategy that comes with clear set of expectations with all the shareholders and how the strategy will be executed. Technology based innovation: by adopting different and advanced tools of IT in an proactive manners paves a way of using the technology to ensure that innovation exist within the business and also happens to include following elements: - Enabling the future watch to create business awareness based on trends of technology that provides opportunities to conduct new kind of things or for so many present things for faster and cheaper services (McGrath, 2013). Evaluation of all possible advantages by applying the present set of technology for the effective business process along with documentation of all kind of risks or costs. The IT services offer the following: - Setting an impactful IT operations based models for retaining IT organization Decreasing the level of security and asset based loss with risks at the time of transferring the ownership. Explain in depth how the company uses IT to support or enable its operations, competitive strategies and business processes. The strategic direction taken up by Infosys as India is considered as one of the emerging company on international platform and there are still many kinds of grounds that can be covered by the company at local level as well. Because of many reliable and trusted IT based company in India, the software industry has achieved an international status with highly trusted and value adding services on global platform (Motohashi, 2015). The company is also known to have some of the best workforce working globally and this is why the company must come up with a strategy for the global platform by aiming on many diverse economies all across the world rather just limiting the focus just on some developed countries primarily USA. The company is also trying to come out from its image as an Indian country with cheap workforce in order to boost the revenue in the international market. It is important now that the company focuses more on appointing so many ethnic and multi culture workforce internati onally. In order to improve the image of the brand and the globalization, the company must aim on the process of standardization of its current software based products and this is accomplished by listing Infosys on different stock markets worldwide (Rothaermel, 2015). Information systems and technologies for the company used by each department Following are the information system and technologies for the company: - Revenue assurance solutions: the modular content accelerator like MCA answers for IPTV setting along with product innovation centre that offers an interface that exist between the stakeholders as well as consumer based marketing along with IT. Billing based operations: BPO of the company provides the customers with a flexible place by taking an improved business model. This further has resulted in a more faster tactics based on Turn Around Time and important cost saving techniques for the consumers (Da Xu, 2016). CRM based techniques: in the current time, CRM is an integral part of the communication industry. The company also offers a huge range of services across many products of CRM which starts from basic structuring of the plan to execution along with post product based support. Challenges faced by the company are aim on new revenue model in market, complicated pricing methods, rise in channel of efficiency with aim of the customer retention and churning out the reward for loyal consumers. The solutions provided by the company are mentioned below: - Oracle based technology provide for a solution where the company provides a pre integrated suite along with offering a leverage based oracles which is also very comprehensive offerings for the current telecom sector. It also offers a state of art based associated with the answer that can incubate complicated answers based concepts with model answers to particular customers issues that shows diverse trends of the industry (Heath et al, 2013). Consolidation of data centre: decrease in number of physical boxes by utilizing technology of virtualization. Reduction in the level of complexities of managing different kind of services. The solution provided by Infosys for the data centre also helps in consolidating the solution in order to achieve effective time management along with decrease in the cost to lower level (Raghunath Rose, 2016). Does the company outsource its information systems? The company manages the complete outsourcing venture to provide a distinct experience by evaluating the needs in order to devise an outsourcing strategy, carry the trial to set the proof for number of concepts, making sure that the performance is best during the transition on offshore. The business also covers management of the project at implementation as well as business level. Contribution of information systems in success of the company Following is the contribution of information system: Management of risk: The experts of Infosys help the IT team and tools that helps in analyzing the current market for the industries like banking and finance companies. The risk management technology also assists in executing as well as properly integrating the process that evaluates the risk associated data and proper level of liquidity. Laundering services for anti money: - rise in the level of crimes in banking and other financial industry make a lot of demand for the sake of security of the customer data. The company and its AML application also saves for many banking and finance based company to save the capital and data (Gupta Dzharova, 2014). Mobile banking: the companys banking services helps the organization to retain the satisfaction level of consumer along with various updates through SMS services about the banking detail; Mobile Banking also provides a lot of flexibility for the current age of banking industry. Role of CIO in the company The CIO of the company who is also called as Chief Information Officer along with the team helps in creating right value for the shareholder through defining, prioritizing and implementing for an agreed level of transformation in technology based roadmap and one that is completely informed by desired business capacities. CIO also has to struggle with their inability to form an alignment in IT strategies and business operations. It is usually a challenge to properly articulate the advantages of the business of large scale technology initiative and which often see failure in providing on the business case (Gupta Dzharova, 2014). The company also provides executive with number of advisory based services to CIO around particular kind of fields which also happen to include: - In order to have changes roadmap it is important to grow a modification with roadmap that directly aligns with organization as well as with IT goals. Modernization in technology: to establish the strategy to establish the technology with company based landscape. Cost optimization of IT: in order to grow the strategy and implementing the planning in order to optimize the cost of IT. Application based on portfolio rationalization: to grow a strategy with rationalization for apps based on aligning the processes for core business (Gupta Dzharova, 2014). Future solutions How can data mining be used to achieve the goal to increase revenues from existing customers? IT can assist diverse mining based companies by manufacturing in effectiveness to save the level of productivity, decrease the cost and increase level profits. Information technology is performed by giving important technologies along with right applications to help the company with right kind of intelligence in order to improve the procedure, to reap business advantages and also competitive internationally (Gupta Shapiro, 2014) Reference Da Xu, L. (2016, October). Keynote Speeches-3 abstracts. InAdvanced Information Management, Communicates, Electronic and Automation Control Conference (IMCEC), 2016 IEEE(pp. 1-7). IEEE. Grover, V. M. (2016). Alignment of Business Strategy and Innovation Strategy: Strategic Benefits.Imperial Journal of Interdisciplinary Research,3(1). Gupta, S., Dzharova, H. (2014). Innovation and adaptation: Continuing the Infosys journey: In conversation with SD Shibulal, Co-founder, CEO Managing Director, Infosys.IIMB Management Review,26(4), 249-256. Gupta, S., Shapiro, D. (2014). Building and transforming an emerging market global enterprise: Lessons from the Infosys journey.Business Horizons,57(2), 169-179. Heath, D., Singh, R., Ganesh, J., Taube, L. (2013). Building thought leadership through business-to-business social media engagement at infosys.MIS Quarterly Executive,12(2). McGrath, R. G. (2013).The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press. Motohashi, K. (2015).Global business strategy: Multinational corporations venturing into emerging Markets. Springer Science+ Business Media. Raghunath, S., Rose, E. L. (Eds.). (2016).International Business Strategy: Perspectives on Implementation in Emerging Markets. Springer. Rothaermel, F. T. (2015).Strategic management. McGraw-Hill Education. Verbeke, A. (2013).International business strategy. Cambridge University Press.