What Is Business Informatics?
Business informatics (BI) is a discipline that combines economics, digitization economics, business management, information technology (IT), and computer science principles. Business informatics is concerned with the development of programming and equipment systems that, in turn, provide the enterprise with an efficient activity based on information technology application.
The emphasis on programming and equipment adds importance to economic and information technology research.
Business informatics can be seen as a branch of information technology, but the concept of business informatics extends beyond IT. It includes areas such as accounting, work processes, financial management, marketing, and sales.
The term “business informatics” has been used for a number of years to describe the application of information technology to improve work processes and organizational productivity.
For example, in 1994, it was described as “the quantitative and qualitative development of more or less automated support systems in companies in order to improve their efficiency.”
Since business informatics is taken to encompass a number of areas, the meaning of informatics in business is often vague.
Some definitions use informatics in a broader sense than IT. For example, it is said that “informatics in business” means “business processes and applications supported by an integrated information technology system.”
This definition would include areas such as accounting, work processes, and sales. The area of information systems has been defined, and informatics may be used to describe the system.
For example, “a method of managing information by means of an information system.” The use of “informatics” does not necessarily imply mathematical modeling or simulation.
The term “informatic,” which can’t be found in the Oxford English Dictionary, is a term that has been used to describe the business, and it is sometimes used as a synonym for data science.
It is associated with the application of IT and data analytics in business. The field of informatics generally is associated with quantitative approaches to business problems, although this association can be contested.
One of the earliest uses of the term “business informatics” was in a paper by Tomayko and Nickola in 1986. They defined “business informatics” as a subject area related to academic or commercial studies that included numerical simulation techniques for studying general business problems.
In the mid-1990s, there were about 15 journals that dealt with business informatics. One of these was the “Journal of Business Computing,” which began in 1993 and is now published by Springer. It is a peer-reviewed journal that deals with aspects of information technology and business analysis.
In an outline of the definition of business informatics, it is defined as a discipline that uses information technology to develop and operate the business processes relevant to business performance.
In another study, it was said that business informatics is “the application and economic development of automated systems in organizations.” This area includes the use of IT in areas such as product design, sales, and marketing, production, and operations management.
However, the use of business informatics is not restricted to these areas. The term has been used to describe areas such as human and social factors (e.g., organizational psychology), accounting, management science, marketing, and economics.
It can also be used to describe engineering and physical processes that are used in planning the production of a manufactured item. Consequently, this can be considered a broader definition than that of IT applications in business.
The use of business informatics has grown over the past decade. One of the reasons for this is that it has been recognized as a field with great potential for informatics, and it offers significant value to organizations.
For example, analysis allows organizations to plan their processes more efficiently. This can be seen in project management. The planning and control of projects are critical to the organization’s success by enabling timely completion and profitable accomplishment of tasks.
Business informatics also offers a range of benefits for organizations. It enables the use of programs and software that can be used in the field with less risk of failure. Consequently, it offers significant benefits for organizations, such as cost savings, time savings, and other benefits.
Other areas are application development and testing, where the use of business informatics is required. For example, data warehousing applications require business informatics application development processes to support these types of systems.
Since data drive these systems, they require high-level programming and application development skills. The roles of business informatics in this area are to help organizations manage the development and testing of these processes so they can be effectively used in different organizations.
Although there are many areas of business that can benefit from the use of IT, it is important to understand how software applications and IT systems impact business performance.
Application development, in particular, can provide significant benefits to organizations, including cost savings, time savings, and other benefits. For example, it is estimated that less than one percent of all software development projects fail to deliver to their customers.