Conference Series Materials Science and Engineering

Question: Discuss about the Conference Series for Materials Science and Engineering. Answer: Introduction: Strategic information system is one of the critical information system used by modern day organisations to take important decisions in the system. This paper intends to study the critical aspect of strategic information systems and see how they work with each other. We also intend to do a literature review of strategic information systems which are prevalent in the country of Australia. Modern day organisations stresses a lot in proper management of day to data and then calling up proper inferences from this data. Critical report from McKinsey suggests that it is the organisation data which is most meaningful during decision making process of the organisation. The processing of strategic information system started back in the period when Enterprise resource planning started taking major steps in the industry. However as the gradual upscale started for ERP, people started realising that it is data powerhouse and can help in reducing efforts in managing information that organisations h ave. However it has been seen that new data crunching capabilities are needed to get more meaningful reports out from the system, which helps in doing proper decision making. Data is critical information and critical information acts as input for critical decision making in organisation. Some of the major companies which have presence in strategic information management ecosystem are Oracle, SAP, business intelli, SaLL. All of these systems are pretty famous and have been providing good experience to the user base at large. Each of these softwares differ in ways of features provided by them and also the functionalities provided by them. Some of them are industry focussed, some of them are having niche presence in particular market. For example a financial service provider like a bank generally opt for more known brand in the financial domain like Oracle and SAP. What also helps organisations like Oracle and SAP is the fact that they are already in most cases provider of strong ERP systems in many multinational organisations. For a user perspective it is very important the whole CXO team is involved in proper decision making process. These kind of decisions related to strategic information management softwares can make or break the backbone of the company. A customer relationship management solution which is better known as CRM, is a subset of strategic information management solutions. However they along with Oracle are considered to be very expensive and that is the reason why are largely considered only by large corporations. Strategic information system is one of the critical information system used by modern day organisations to take important decisions in the system. This paper intends to study the critical aspect of strategic information systems and see how they work with each other. We also intend to do a literature review of strategic information systems which are prevalent in the country of Australia. Modern day organisations stresses a lot in proper management of day to data and then calling up proper inferences from this data. Critical report from McKinsey suggests that it is the organisation data which is most meaningful during decision making process of the organisation. The processing of strategic information system started back in the period when Enterprise resource planning started taking major steps in the industry. However as the gradual upscale s tarted for ERP, people started realising that it is data powerhouse and can help in reducing efforts in managing information that organisations have. Strategic information management systems are very important for overall development of large corporations. Even mid-level corporations use it extensively so that they can scale up easily to become a large modern day large corporation. However this was a story which was available in the market lets say 10 years back or 5 years back. Nowadays there are many small vendors in the market who provide customised strategic information management solution and are used extensively by small sized corporations. The times in the market are extensively challenging, small players are now finding new modern day vendors which has taken the price point of the system to a very low level. This was not the situation few years back. Modern day strategic information system should be able to talk to all data generation points for the company. Some reports which customers know about and prepare on regular basis should be part of the system. However other than that there is a requirement that customers have not been able to visualise and these reports are actually the selling point for the product. The modern day service providers actually visualise such problems and then visit the customers. Solution providers work alongside customers to build in new solutions, then test them as part of best practises and finally take it to their product. Some vendors even go to an extent of buildings learnings from interaction with customers and then implementing into industry based modules. Strategic information management solutions have evolved in last 20 years. Earlier in the start of information age companies used to focus on having solutions which will just process data and create some basic sets of information. However as the system has advanced and technology has improved over the last 20 years, companies have made these tools more powerful. Such products are now operating at a very advanced stages and hence are much mature in industry. Some of the major companies which have presence in strategic information management ecosystem are Oracle, SAP, business intelli, SaLL. All of these systems are pretty famous and have been providing good experience to the user base at large. Each of these softwares differ in ways of features provided by them and also the functionalities provided by them. Some of them are industry focussed, some of them are having niche presence in particular market. For example a financial service provider like a bank generally opt for more known br and in the financial domain like Oracle and SAP. What also helps organisations like Oracle and SAP is the fact that they are already in most cases provider of strong ERP systems in many multinational organisations. For a user perspective it is very important the whole CXO team is involved in proper decision making process. These kind of decisions related to strategic information management softwares can make or break the backbone of the company. A customer relationship management solution which is better known as CRM, is a subset of strategic information management solutions. A modern large corporations nowadays cant survive without a strategic information management systems. ERP systems throw lot of information to the users, however whether it can change the whole decision making process is thing which is highly debatable. This is where information generated from ERP systems becomes an input for Strategic information management systems, which provides an output which can aid decision making at another level. Some focussed strategic information management systems also focusses on specific industry. Oracle is one such service provider which is backbone of all banking informations in the world. This is the reason why they are considered to be industry focussed and hence experts in a particular set of solution. Lets say a finance service provider, which focusses on payment systems will be trusting Oracle solutions more compared to any other service provider. All of these systems are pretty famous and have been providing good experience to the user base at la rge. Each of these softwares differ in ways of features provided by them and also the functionalities provided by them. Some of them are industry focussed, some of them are having niche presence in particular market. For example a financial service provider like a bank generally opt for more known brand in the financial domain like Oracle and SAP. What also helps organisations like Oracle and SAP is the fact that they are already in most cases provider of strong ERP systems in many multinational organisations. For a user perspective it is very important the whole CXO team is involved in proper decision making process. SAP is a service provider which has a big strategic advantage in the industry. The company has off the shelf many industry focussed ERP solutions. It also has many add on packages which have plug and play features. This is where all major industry related ERP solutions are covered. In such a scenario all major large corporations who have ERP solutions based on SAP are easily able to integrate strategic information management systems provided by SAP. However they along with Oracle are considered to be very expensive and that is the reason why are largely considered only by large corporations. Strategic information system is one of the critical information system used by modern day organisations to take important decisions in the system. This paper intends to study the critical aspect of strategic information systems and see how they work with each other. We also intend to do a literature review of strategic information systems which are prevalent in the country of Australia. Modern da y organisations stresses a lot in proper management of day to data and then calling up proper inferences from this data. Critical report from McKinsey suggests that it is the organisation data which is most meaningful during decision making process of the organisation. The processing of strategic information system started back in the period when Enterprise resource planning started taking major steps in the industry. However as the gradual upscale started for ERP, people started realising that it is data powerhouse and can help in reducing efforts in managing information that organisations have. References: Acin, F.G., Fernndez, J.M., Magn, J.J. and Molina, E., 2012. Production cost of a real microalgae production plant and strategies to reduce it.Biotechnology advances,30(6), pp.1344-1353 Aksenov, V.V., Walter, A.V., Gordeyev, A.A. and Kosovets, A.V., 2015. Classification of geokhod units and systems based on product cost analysis and estimation for a prototype model production. InIOP Conference Series: Materials Science and Engineering(Vol. 91, No. 1, p. 012088). 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