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Assignment 2: Discussion—Technology Supporting Business Processes

Over the twentieth century, the ability to process information in  terms of labor units has improved by a factor in the order of 1 to 5  trillion. This improvement represents a compounded growth rate of  between 30 to 35 percent per year for a century. At the turn of the  twentieth century, the mechanical calculator offered a modest  productivity increase but the number of workers required to maintain the  accounts of a medium-sized business still remained very high. Many  tasks would take a large investment in equipment and a significant  number of accountants’ weeks to process. A hundred years later, the same  tasks can be completed by a standard desktop computer in minutes. The  challenge for management has transitioned from a simple reduction in  labor requirements to leveraging the increased processing power to  develop competitive, efficient, and profitable organizations.

With this example in mind, use the assigned readings for this module and respond to the following:

• Explain how information systems influence businesses to be more competitive, efficient, and profitable.
• Provide at least one example for each factor.

By the due date assigned, post your response to the Discussion Area. Through the end of module, review and comment on at least two peers’ responses.Explain and justify your position.

Write your initial response in 300–500 words.