Developing Business Information System Solutions Essay

Developing Business Information System Solutions - Essay Example It needs to be mentioned that because of the lines of emergence of high speed internet connectivity, the network of communication channels has improved in a drastic manner all over the world. The internet has played a major role in the process of creating the channels of communication in the various regions of the developed as well as the developing economies. It can be rightly said that it is of considerable importance to highlight that this technology powered development has resulted in the process of transformation of the globe, where the entire world can be represented and increasingly seen as a single and well connected global entity. Because of this technology powered transformation of the world around us, there has always been a steady evolution of various kinds of trends associated with the factor of globalization. The trends of globalization, that are emerging from all corners of the world are increasingly getting diffused at a very rapid pace and it is happening irrespectiv e of the fact of whether the regions are located in the developed or developing economies. The rapid diffusion of the trends of globalization is resulting in the process of evolution of various kinds of new types of consumer demands. ... It has to be stated that the entry of new firms in a specific market plays a very important role in increasing the level of competition and thereby leads to the process of increasing the consumer’s power. In this case, the focus is on a commercial and domestic equipment hire company named EquipHire. The company’s management has identified the fact that the existing information system is nearing the last stage of its product life cycle. As a result, the top management is looking for a fresh assessment of the business information requirements of the company along with recommendation for new information systems which will be successful in meeting the current business based requirements of the company. Description of the business While discussing about the business, it needs to be stated that the company EquipHire is in the business of providing commercial and domestic equipments for hire. The company has eleven branches which are spread in various regions ranging from metr opolitan Sydney, Wollongong as well as New Castle. The manpower of the company is a combination of both full time and part time employees. The product portfolio of the company is highly diverse in nature and comprises of building and engineering tools, equipments for industrial plants as well as domestic categories. Around 70% of the company’s sales are from the commercial sector like construction, engineering as well as architecture. Also, the sales from the domestic sector are growing at a steady rate and are starting to contribute in an active manner. Key information required for the business It needs to be considered that the information technology is a highly evolving field. With the passage of time, the development of new kinds of software often leads to the emergence of new information