Impact of social media on management of information systems Research Paper

Impact of social media on management of information systems - Research Paper Example Social media has a great impact on management of information system because it allows easy gathering of knowledge and gives a connection between image, text and video. Social media is practically changing the way we communicate and it has transformed the information technology of business within and outside the company boundaries. Social media has been integral to finance and human resource management and for the understanding of consumer preferences, peer to peer marketing and demand prediction. The management of information system is an important function in an organization as it collect and process many data relevant to a business. Management of information system has achieved great height due to many social media like face book, Twitter and Linked In. The business management and consumer and suppliers have become more interactive and responsive. Social media is an interactive platform and allow input and output of data along with smooth communication. Social media has a large role to play in management of information sytem. Social media is the interaction on a virtual platform where people create, share or exchange information. The different social media like Face book, Twitter and Linked In have been the best informative sites since technology has ever created. As per (Daniel) â€Å"Media is an instrument on communication, like a newspaper or a radio, so social media would be a social instrument of communication†. Now social media has specific importance in every sphere of life especially in the business world. Since globalization, social media has become more and more significant as it is medium through which people in various countries communicate and share information. Social media is of so much importance because of its reach, quality, frequency usability and performance. Social Medias can be internet forums, social network sites, blogs, and content communities. The most famous social media like Face book, Twitter, You Tube and Linked In has