Impact of Information Technology Tools on Business Decisions Making in the Organization Cover Image

Impact of Information Technology Tools on Business Decisions Making in the Organization
Impact of Information Technology Tools on Business Decisions Making in the Organization

Author(s): Rajko Macura, Zoran Kalinić, Bojan Pavić
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Business Decision Making; IT Tools; Information Systems
Summary/Abstract: Frequent and difficult to predict changes in the business environment require faster and more efficient decision-making, which requires a large amount of information, and their collection and interpretation require modern information technology. Inefficient use of information technology tools often results in inadequate business decisions. This paper aims to determine the contribution of information technology in decision-making in organizations. The subject of research is the analysis of the importance, role and application of IT tools in decision-making. In the research work, desk and field research of companies were used, as well as research methods following previous scientific theories. The authors assume that IT tools are insufficiently and inadequately used in making business decisions. The authors proposed models for establishing optimal information capacities, in accordance with the characteristics and needs of companies.