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Business Informatics

In: Business and Management

Submitted By udaichawla
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Group Project - Business Informatics Abstract
Informatics can be described as the science of information systems. It is widely regarded as the study of applying information technology to various fields, while also keeping in mind its impact on individuals, institutions and the society. From the above definition, we can infer that informatics is composed of three main elements; information, people and technology. Though informatics may be a fairly new and swiftly developing field, today’s age of rapid innovation and expansion of technology is the reason why informatics is being applied to an enormous array of domains in order to solve problems and challenges that we face in our environment today. This application of informatics has had a positive impact on domains such as healthcare, education, business, sports and biology, to name a few. Considering the fact that all members of this group are pursuing degrees in the field of business, it was only sensible to select the domain of business informatics for our group project. We felt that this would be a great opportunity for us to expand our knowledge regarding a domain of informatics that interests us and, the ability to apply this know-how in our respective fields of work sometime in the future certainly gave this domain a cutting edge. Business informatics is a vast field that can be defined as the process of integrating computer technology into vital business operations, developing information tools to capture and analyze data to create better business intelligence and, driving the innovation businesses need to remain competitive in the market today.
Most businesses around the world today are facing several prominent problems in midst of their operations. These problems are fairly evident in most businesses and yet no one has thought of an accurate solution to entirely abolish these issues. One of the most...

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