Information System (IS)

An Information System (IS) is a network of communication channels and methods as well as information management and control procedures used within the internal and external organisations. An IS collects, processes, stores, and distributes information to support decision-making, coordination, control, analysis, and visualization in an organisation that plays a crucial role in improving efficiency and productivity within organisations, and continues to evolve with advancements in technology and changes in organisational needs. (Refer to the Information System Management)

Related Definitions in the Project: The Project Administration; Document Review and Approval

$2-Trillion Funding Gap Casts Shadow over Energy Transition (24 April 2024): Investments in the energy transition are falling way short of what is needed for its success. The fresh warning comes from BlackRock, which said annual investments in the shift away from hydrocarbons need to almost double from their current record levels. But it’s getting less likely this would ever happen. In a new edition of its Investment Institute Transition Scenario, the bank said that moving the transition forward would require more money from both public and private sources and that, for its part, would require “alignment between government action, companies and partnerships with communities,” according to Michael Dennis, head of APAC Alternatives Strategy & Capital Markets at BlackRock, as quoted by CNBC. ... (Source: Oil Price)