management's r ole_in_information_ystem iippm

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MANAGEMENT’S ROLE IN INFORMATION SYSTEM

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Page 1: Management's r ole_in_information_ystem iippm

MANAGEMENT’S ROLE IN INFORMATION SYSTEM

Page 2: Management's r ole_in_information_ystem iippm

• A management information system is a system that has important tools to supports, analyse, delivery and adding reliability to any organisation. Also this helps to solve business problems. The term MIS is often used to submit to a group of information management methods tied to the support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems.

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DESCRIPTIVE INFORMATION• It portrays the “what is” condition of a

business, and it describes the state of the business at a specified point in time. Descriptive information is very important to the business manager, because without it, many problems would not be identified. Descriptive information includes a variety of types of information including financial results, production records, test results, product marketing, and maintenance records.

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Diagnostic Information

• This information portrays this “what is wrong” condition, where “what is wrong” is measured as the disparity between “what is” and “what ought to be.” This assessment of how things are versus how they should be (a fact-value conflict) is probably our most common management problem.

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PREDICTIVE INFORMATION

• As description is concerned with “what is” and diagnostics with ”what is wrong,” prediction is concerned with “what if...?” Predictive information is generated from an analysis of possible future events and is exceedingly valuable with “desirable” outcomes

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Prescriptive Information

• It is directed toward answering the “what should be done” question. Provision of this information requires the utilization of the predictive information. Predictive information by itself is not adequate for decision making. An evaluation of the predicted outcomes together with the goals and values of the manger provides that basis for making a decision. For example, suppose

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• At an IBM hosted conference, Ackerman, a respected farm management economist, stated that: • “The advances that have taken place in calculating

equipment and methods make it possible to determine the relationship between ultimate yields, time of harvest and climatic conditions during the growing season. Relationship between the perspective and actual yields and changing prices can be established. With such information at hand the farmer should be in a position to make a decision on his prediction with a high degree of certainty at mid-season regarding his yield and income at harvest time.”

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CURRENT STATUS OF INTERNAL INFORMATION SYSTEMS

• The current status of management information systems remains dynamic

• On-Farm Information Systems -- Computer Hardware

• On-Farm Database and Modelbase Applications

• User Interface • The Decision Maker

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CURRENT STATUS OF EXTERNAL INFORMATION SYSTEMS • Internet • The growth in Internet is

phenomenal • Satellite Data Transmission

Systems

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ROLE OF BPO– Wipro Enterprise BPO services concentrate

on functional services in specific industry domains such as Manufacturing, Retail, Financial Services, Telecom, Energy & Utilities and Healthcare.

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ROLE OF BPOTCS signs Rs 230-cr BPO deal – Clients are very much interested in

platform-based services. In a normal deal a customer would have to pay for the hardware, software and pay someone like us to customise it to their requirement. But in a platform deal, there is no upfront cost they just pay for the services. They can keep using it till they like the services,” said N Chandrasekaran, Chief Executive Officer and Managing Director of TCS.