In today’s rapidly evolving digital landscape, technology has become the backbone of every successful business. Organizations, whether small enterprises or global corporations depend on information, data, and intelligent systems to operate efficiently, innovate continuously, and make informed decisions. Technology for Business has therefore emerged as an essential field of study, bridging the gap between technical advancements and strategic organizational needs. This book has been designed to help learners understand the technological foundations that drive business growth and transformation in the modern world.
The book begins with Unit 1: Information Technology and Information Systems, offering a clear introduction to the concepts of IT and IS, their differences, significance, and the profound impact they have on business processes. Students will explore how organizations manage data, communicate internally and externally, outsource processes, and integrate technology into managerial activities. The unit also introduces cutting-edge developments such as cloud computing, quantum computing, IoT, blockchain, AI, machine learning, cryptocurrency, and account aggregators technologies that are reshaping industries and redefining how businesses operate.
Unit 2: Subsystems of Information Systems delves into the various organizational systems that support different levels of management. From Transaction Processing Systems (TPS) for operational tasks to Executive Information Systems (EIS) for strategic decision-making, this unit equips learners with a comprehensive understanding of how different subsystems work, their features, advantages, limitations, and their crucial roles in shaping data-driven decisions. The inclusion of Decision Support Systems, Expert Systems, and Group Decision Support Systems further emphasizes the growing reliance on intelligent tools for complex problem-solving.
Recognizing the importance of practical skills, Unit 3: Microsoft Excel in Business introduces learners to one of the most powerful and widely used tools in business analytics. This unit covers foundational and advanced Excel functionalities, including data formatting, referencing, sorting, filtering, conditional formatting, chart creation, pivot tables, and essential financial, logical, mathematical, and lookup functions. These skills empower learners to analyze data effectively, automate calculations, and present insights in a clear, professional manner.
This book aims to provide a balanced blend of theory, application, and hands-on knowledge, enabling learners to understand not just what technology does, but how it transforms business operations and decision-making. It is crafted for students, educators, and professionals seeking to build a strong foundation in business technology and to develop the competencies needed to navigate a digitally driven world.
Contents –
UNIT 1 INFORMATION TECHNOLOGY AND INFORMATION SYSTEM
Introduction to IT, Introduction to IS, Difference be IS and IT, need for Information System, Information Systems in the Enterprise, Impact of Information Technology on Business (Business Data Processing, Intra and Inter Organizational communication using network technology, Business process and Knowledge process outsourcing), Managers and Activities in IS, Importance of Information systems in decision making and strategy building, Information systems and subsystems; Recent Trends in IT- Cloud computing, Quantum Computing, Internet of Things, Block Chain, Artificial Intelligence, Machine Learning, Cryptocurrency and Account Aggregator (Concepts only).
UNIT 2 SUBSYSTEMS OF INFORMATION SYSTEM
Transaction Processing Systems (TPS), Management Information System (MIS), Decision Support Systems (DSS), Group Decision Support System (GDSS), Executive Information System (EIS), Expert System (ES), Features, Process, advantages and Disadvantages, Role of these systems in Decision making process.
UNIT 3 MICROSOFT EXCEL IN BUSINESS
Introduction to MS Excel, features of MS Excel, Cell reference, Format cells, Data Validation, Protecting Sheets, Data Analysis in Excel: Sort, Filter, Conditional Formatting, Preparing Charts, Pivot Table, What if Analysis(Goal Seek, Scenario manager), Financial Functions: NPV, PMT, PV,FV, Rate, IRR, DB, SLN, SYD Logical Functions: IF, AND, OR, Lookup Functions: V Lookup, H Lookup, Mathematical Functions, Text Functions.
