What is Business and Information System?

Here is a discussion about business, information technology, business intelligence and information system.

According to Investopedia, "business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations that operate to fulfill a charitable mission or further a social cause". Different forms of business organization are as follows:

•Sole Proprietorship

•Partnership

•Joint Venture

•Limited Partnership

•Limited Liability Partnership (LLP)

•Corporation

Information Technology

Information technology originates as a data processing aid but not concern on data management and utilization. It is competitive and strategic weapon and the purpose of information technology adoption sustainable competitive advantages. Improved business intelligence can be achieved by the proper use of IT tools and technology. Information technology is the hardware, software, tool and technology which helps us to gather data, help to process data and help to get an insights out of it.