Jul 14, 2017
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Information Technology to Decision-Making Process

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As a matter of fact, Information Technology has a role to decision-making process of executives, managers, decision-makers, investments, employers, and employees. Managers use Information Technology to be a tool to gain solutions, alternatives, and the best decisions cause of their values. The component of Information Technology, for example, hardware, software, telecommunication and network, database, people, and procedure affected to facts and information that are factors and solutions for executives and managers to consider business operations, marketing, and competitors, etc. If managers do not receive the inaccurate and complete information, poor decisions can be made. They might cost the organization of those mistaken thousands, or even millions, of dollars. For example, if an inaccurate forecast of future demand indicates that sales will be very high when the opposite is true, an organization can invest millions of dollars in a new plant that is not needed.

Basically, executives and managers have data. Data consists of raw facts. Data can be anything such as an employee’s name and number of hours worked in a week, inventory part number, employees’ addresses, or sales orders. Data is not valuable and it has no meaning of itself. To be valuable, data change to information. Information is a collection of facts organized in such a way that they have additional value beyond the value of the facts themselves. The characteristics of valuable Information are accurate, complete, economical, flexible, reliable, relevant, simple, timely, verifiable, accessible, and secure. Thus, managers use information to solve the problems, provide the best alternatives, and make opportunities and progresses to their business. Information Technology is the effective tool that helps executives, managers, and decision-makers to receive valuable information. Most businesses and organizations realized the importance of information. With this reason, the new information technology has been creating and developing all the times to improve the ways to gain the most accurate and valuable information in timely.

As a matter of fact, Information Technology has a role to decision-making process of executives, managers, decision-makers, investments, employers, and employees. Managers use Information Technology to be a tool to gain solutions, alternatives, and the best decisions cause of their values. The component of Information Technology, for example, hardware, software, telecommunication and network, database, people, and procedure affected to facts and information that are factors and solutions for executives and managers to consider business operations, marketing, and competitors, etc. If managers do not receive the inaccurate and complete information, poor decisions can be made. They might cost the organization of those mistaken thousands, or even millions, of dollars. For example, if an inaccurate forecast of future demand indicates that sales will be very high when the opposite is true, an organization can invest millions of dollars in a new plant that is not needed. Basically, executives and managers have data. Data consists of raw facts. Data can be anything such as an employee's name and number of hours worked in a week, inventory part number, employees' addresses, or sales orders. Data is not valuable and it has no meaning of itself. To be valuable, data change to information. Information is a collection of facts organized in such a way that they have additional value beyond the value of the facts themselves. The characteristics of valuable Information are accurate, complete, economical, flexible, reliable, relevant, simple, timely, verifiable, accessible, and secure. Thus, managers use information to solve the problems, provide the best alternatives, and make opportunities and progresses to their business. Information Technology is the effective tool that helps executives, managers, and decision-makers to receive valuable information. Most businesses and organizations realized the importance of information. With this reason, the new information technology has been creating and developing all the times to improve the ways to gain the most accurate and valuable information in timely.

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