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