MILESTONE 1

Milestone 1

[Mimose Moise]

[Professor: Alex Veletsos]

[Course:IS535 Managerial Applications of Information Technology]

Email:johanamoise@gmail.com

Date: March 23, 2012

Milestone 1

Problem

Many organizations rely on manual systems and data processing for their operations including finance. The financial operations in the modern organizations and business processes involve complex calculations and record keeping. Therefore, the financial systems of the organizations need to be advanced by making effective use of information technology and strategic information systems.

Background Technology in our lives

As we look around, we find the technology everywhere. Our daily life highly impacts by the advance technologies, whether at school, home, offices or industries (Longford G., 2006). Technology ...