Task 5 information Systems

Information systems are key to increasing the potential of a business. It’s like zooming into the inner working of the data of a company step by step to understand where things are slowing down, why, and where things speeding up and why. The knowledge of how your business operates is important when problems and shortcoming arise, and information systems (IS) can help avoid running into those problems altogether.  An IS is any network (consisting of hardware or software) that people or groups use to collect, measure, share, and analyze data. Knowledge is power. I’ve already discussed E-Commerce (any business transaction done electronically) which goes hand in hand with M-Commerce (E-Commerce done on a mobile device) so I’ll discuss Knowledge Management Systems (KMS). A KMS is as defined by the book “an organized collection of people, procedures, software, databases and devices, to create, store, share, and use the organization’s knowledge and experience.”(Fundamentals of information systems page 22) So from our understanding of what knowledge is (by the business definition in the book), these systems use pre-determined data to form its own knowledge. I imagine they usually inform of the next or best decisions for certain scenarios and problems, so they probably have a large part in stock trading, predicting traffic/weather, and used with artificial intelligence systems. Artificial Intelligence operates by solving and approaching situations with the knowledge and tools in their procession for the best possible outcome. The 70’s brought the “Knowledge Revolution”, researchers using the new advances in computer memory storage to add knowledge into AI applications. This shows how important KMS is to AI. Tasks are hard to complete when no knowledge of past experience of data can be used to inform you. An interesting thing to learn was that as Artificial Intelligence increases, it might outsource knowledge based. Entry-level knowledge based jobs are becoming more susceptible to AI. This means that a huge array of jobs could be made impossible for someone just starting out working to attain. Higher education and experience is needed to attain the lower level jobs that aren’t yet outsourced by technology. An intriguing thought on the double-edged sword that is technology: As it makes our lives easier, it also puts us in worse situations at the same time. (http://en.wikipedia.org/wiki/Artificial_intelligence)