How Information Technology (IT) Has Transformed the Operations of Today’s Stock Exchanges.
Information technology is processing and distributing of data using computer hardware and software, telecommunications and digital electronic.
According to Aguolu (1984), adequate information “Can increase, our awareness, revise our reason; it can help us educate our people, accelerate progress and provide the source data required for the solutions of our increasingly complex economic, scientific and social problems”.
The business applications of information have expanded scientifically over the years. Until the 1960s, the role of most information technology was simple: transaction processing, record keeping, accounting, and other electronic data processing (EDP) applications.
In the 1980s several new roles for information technology appeared. First, the rapid development of microcomputer processing power, application software packages, and telecommunication networks gave birth to phenomenon of end user computing. Second, it became evident that most top corporate executives did not directly use either the reports of management information technology or the analytical modeling capabilities of decision support systems, so the concept of executive information systems (EIS) was developed. Third, breakthroughs occurred in the development and application of Artificial Intelligence (AI) techniques to business information systems.
An important new role for information technology appeared in the 1980s and continued through the 1990s. This is the concept of strategic role of information technology.
Finally, the rapid growth of the internet, intranets, extranets, and other intraconnected global, networks of the 1990s has dramatically changed the capabilities of information technology in business at the beginning of the twenty-first century.
Computerizations have enable brokers to instantaneously monitor activities on foreign exchange. Many exchange also list indexes and average. Most of the world’s major exchanges have become highly efficient, computerized organizations. Each has a charter for regulating operations and some are integrated within regional economic unions.
There are three (3) fundamental reasons for all business applications of information technology (IT). They are found in three vital roles that information systems can perform for a business enterprise:
Support of its business processes and operations.
Support of decision making by its employees and managers.
Support of its strategies for competitive advantage.
E-business enterprises rely on such technologies to:
1. Re-engineer and revitalized internal business processes
2. Implement electronic commerce systems among business and their customers and suppliers, and
3. Promote enterprise collaboration among business teams’ workgroups.
Online transaction processing: transaction processing systems process data in two basic ways:
Batch processing, where transaction data are accumulated over a period of time and processed periodically, and
Real-time processing, where data are processed immediately after transactions occur.
Global electronic business and commerce system are transformed the operations and management of today’s Stock Exchanges.
Information technology support business operations and end-user work activities.
Information technologies close the gaps and build bridges towards greater economic prosperity for our people and for future generation.
Yours truly,
Sen. Bashir Sarki Abdulqadir,
Computer Science Department,
KUST, Wudil-Kano,
PMB 3244,
sarkibasheer@yahoo.com
sarkibashir@hotmail.co.uk
(+234) 080691300027
Nigeria.
Information technology is processing and distributing of data using computer hardware and software, telecommunications and digital electronic.
According to Aguolu (1984), adequate information “Can increase, our awareness, revise our reason; it can help us educate our people, accelerate progress and provide the source data required for the solutions of our increasingly complex economic, scientific and social problems”.
The business applications of information have expanded scientifically over the years. Until the 1960s, the role of most information technology was simple: transaction processing, record keeping, accounting, and other electronic data processing (EDP) applications.
In the 1980s several new roles for information technology appeared. First, the rapid development of microcomputer processing power, application software packages, and telecommunication networks gave birth to phenomenon of end user computing. Second, it became evident that most top corporate executives did not directly use either the reports of management information technology or the analytical modeling capabilities of decision support systems, so the concept of executive information systems (EIS) was developed. Third, breakthroughs occurred in the development and application of Artificial Intelligence (AI) techniques to business information systems.
An important new role for information technology appeared in the 1980s and continued through the 1990s. This is the concept of strategic role of information technology.
Finally, the rapid growth of the internet, intranets, extranets, and other intraconnected global, networks of the 1990s has dramatically changed the capabilities of information technology in business at the beginning of the twenty-first century.
Computerizations have enable brokers to instantaneously monitor activities on foreign exchange. Many exchange also list indexes and average. Most of the world’s major exchanges have become highly efficient, computerized organizations. Each has a charter for regulating operations and some are integrated within regional economic unions.
There are three (3) fundamental reasons for all business applications of information technology (IT). They are found in three vital roles that information systems can perform for a business enterprise:
Support of its business processes and operations.
Support of decision making by its employees and managers.
Support of its strategies for competitive advantage.
E-business enterprises rely on such technologies to:
1. Re-engineer and revitalized internal business processes
2. Implement electronic commerce systems among business and their customers and suppliers, and
3. Promote enterprise collaboration among business teams’ workgroups.
Online transaction processing: transaction processing systems process data in two basic ways:
Batch processing, where transaction data are accumulated over a period of time and processed periodically, and
Real-time processing, where data are processed immediately after transactions occur.
Global electronic business and commerce system are transformed the operations and management of today’s Stock Exchanges.
Information technology support business operations and end-user work activities.
Information technologies close the gaps and build bridges towards greater economic prosperity for our people and for future generation.
Yours truly,
Sen. Bashir Sarki Abdulqadir,
Computer Science Department,
KUST, Wudil-Kano,
PMB 3244,
sarkibasheer@yahoo.com
sarkibashir@hotmail.co.uk
(+234) 080691300027
Nigeria.
