IS Introduction

Introduction

• Role of Information system (IS) in Business envt.
  • IS is an integral part of any business to collect, organise, manage, analyse and interpret the business information meaningfully.
  • Objectives of IS
    • Solve a problem
    • Capitalize on an opportunity
  • Respond to a directive
  • 5Cs for intiating IS
    • Capability
    • Control
    • Communication
    • Cost
    • Competitive Advantage
• MIS: Management information system

Webster:
MIS- Knowledge communicated by others or obtained by study and investigation
Davis Oison:
MIS- is an integrated, user-machine interactive system for providing information to support operations, operations and decision making functions in an organisations

• Computer resources to
  • perform transaction processing for formal processing
  • reporting system to accomplish managerial decision support
• Activities of MIS
  • collection of raw data
  • processing into meaningful results
  • Interpret and transfer of results to consumers or managers for decision making
• Nature and Scope of IS
  • broad concept rather than a system
  • integrated with data processing
  • designed for knowledge or decision making function
• Classification if IS
  • perform transaction processing for formal processing
  • reporting system to accomplish managerial decision support