By Vincent Griffe, Functional Finance Staff consultant
The main objective of your Information System is to offer the integrity and homogeneity of your data to each actor of the company, according to his needs and his data privileges, by coordinating the whole data process.
What are the challenges of your Information System management?
Your Information System is based on the three following axes: Customer Experience (CX), Human Capital Management (HCM) and Enterprise Resources Planning (ERP).
- Managing your Sales force takes into consideration both new clients’ prospection and actual client portfolio management.
- Managing your Workforce encompasses your whole employees’ life, from their recruitment, through their career evolution and until their leaving. It also includes all information regarding any contingent workers, clients or potential business actors.
- Managing your company’s Activity deals with information of Distribution, Finance, and Production processes.
Dealing with information flows from these three axes is the main challenge of your company to become a sustainable business and to provide accurate report information to meet compliance requirements and the law.
As presented in the diagram above, Information Systems have 3 additional features monitoring the 3 axes: Security, Workflow, Approvals and Notifications, and Project Management. These features guarantee efficient data information flows through your company, by providing relevant information to interested actors.
Moreover, the Business Intelligence is related to the whole information system. It collects data from the database and consolidates them in order to create models and dashboards for different management levels and for different time-based purposes.
How Cloud computing influences Information Systems?
Cloud computing and storage solutions offer to your company various capabilities to store and process your data in third-party data centers.
The three kinds of Cloud are Private, Public and Hybrid. It means that the pool of resource is only accessible by your sole company, or let your data stored in the third-party data center where multiple clients can access virtualized services from this same pool of servers, or you can also mix your data storage with private and public clouds.
Moreover, Cloud computing develops scalability by covering your whole Information System: Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS) and Database as a Service (DaaS)
- Software as integrated cloud services provides the agility to find a happy medium between a common ground across the company and the differentiated features between the entities to meet local requirements. Moreover, your software management is improved by quick business demand adjustments. The article "Oracle CEO Safra Catz: We're All On The Same Journey" quote Safra Catz, CEO at Oracle: “But today with modern cloud applications, we finally have the technology that’s compelling [both] technically and from a commercial point of view. We have the potential of doing more and spending less doing it.”
- Cloud computing allows your company to avoid heavy infrastructure costs and released with minimal maintenance management. According to the article "How To Save $150 Billion: Move All App Dev And Testing To The Cloud": Mark Hurd, CEO at Oracle, estimates the opportunity to save money, from public cloud offers, at roughly $150 billion over the next decade.
- Improve your data security through confidentiality controls and monitoring environments accessibility. Indeed, Jack Sepple and Daniel Mellen from Accenture have claimed that “most public clouds are infinitely more secure than most companies’ current internal data centers and security functions”.
Cloud computing is already a tremendous factor of companies’ digital transformation. Are you ready for this journey?