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Technology Supporting Business Processes




Over the twentieth century, the ability to process information in terms of labor units has improved by a factor in the order of 1 to 5 trillion. This improvement represents a compounded growth rate of between 30 to 35 percent per year for a century. At the turn of the twentieth century, the mechanical calculator offered a modest productivity increase but the number of workers required to maintain the accounts of a medium-sized business still remained very high. Many tasks would take a large investment in equipment and a significant number of accountants? weeks to process. A hundred years later, the same tasks can be completed by a standard desktop computer in minutes. The challenge for management has transitioned from a simple reduction in labor requirements to leveraging the increased processing power to develop competitive, efficient, and profitable organizations.;With this example in mind, use the assigned readings for this module and respond to the following;Explain how information systems influence businesses to be more competitive, efficient, and profitable.;Provide at least one example for each factor.;Write your initial response in 300?400 words. Apply APA standards to citation of sources


Paper#71800 | Written in 18-Jul-2015

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