Essay on creating knowledge using Information Systems
The concept of knowledge continues to change as businesses are finding new ways to leverage the use of technology in their business processes. Information systems are also evolving to new heights of data processing capability which highlight their strategic role in today’s knowledge-based economy.
New world problems and issues are constantly emerging. Rising oil prices coupled with threats of terrorism and economic instability in other countries have largely contributed to business ambiguity. In recent years, there has been a gradual increase in the number of market players in the different industries which are leveraging the use of information systems and technology. These issues have increased the level of competition and uncertainty among the different business organistions competing for a greater market share to new heights. Undersea Pipelines Limited (UPL) is one such company.
The use of technologies that process information quickly and accurately are central to every business operations nowadays. Information technology (IT) is transforming the character of competition while at the same time, providing new avenues for improving business competitiveness. According to Aron and Sampler (2003, p.3), the way to see IT and its capabilities are changing so fast that IT must always be one of the drivers of corporate strategy, rather than an output of it. They insist that this is possible due to the comprehensive impact IT can have on almost any business. IT can affect corporate effectiveness (revenues), efficiency (process and costs), communications, and decision making.
In order to understand the concept behind knowledge as a product of information systems, the researcher discusses knowledge and information systems in separate sections. An analysis of UPL’s use of the Offshore Labour System (OLS) provides a clearer relationship between knowledge created using information systems.
Knowledge
Knowledge created from Information Systems provides business organisations with actionable information. This kind of information can be…
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Tags: employees, IT, knowledge, networking, researcher, technology
