Information planning system at the beginning of 1970’s

Information system:An information system is a set of computerized componentsthat are used to collect, create and store data, it constitutes of five majorcomponents which includes hardware components, software components, data,system users and the procedures of changing the data into information Information systems are costly to install and maintain. butproven to be contributors for growth in companies that have used them toperform their activities.

Tasks that companies have incorporated the Informationsystems are marketing, supply chain management, customer relationshipmanagement, inventory management, payroll management, human resource managementand many other operations. Historical evolution:The first application of information systems in companies weremade on 1960’s in the accountant management, then there was thenecessity of manage the administration area using information systems thenthere came the first Material Requirements planning systemat the beginning of 1970’s which mainly focusedexclusively on the materials managementthen there came second revision i.e. MRP 2 in 1980’s whichwas into integration of other management areas which led to creation of conceptcalled Enterprise Resources Planning which are into 2 versions again whereversion 1 emerges from MRP 2 then version 2 was into e business and thecollaborative environments  Current trends:Information systems have advanced into really efficientsystems, Information systems were improved into artificial intelligencecomputer systems that can be used to forecast business performance, some of thefunctional advances are customer relationship management, human resourcerelationship management, business intelligence and electronic commerce. Business intelligence has been incorporated into the systemswhich includes a functionality where the system can do mathematical operationsand present analyzed data in graphs or pie charts. The rapid growth ininformation system development and programming languages will aid in the futuretrends.

Some functional requirements that may be introduced in the near futuremay include product lifecycle management, data warehousing, knowledgemanagement systems and balanced scorecard.  Technical trends that are most likely to be Happened areopen software and mobile applications that will be used in m-commerce.Wearable’s are also planned to be integrated with information systems References: