What is MIS?

Identifying the information that is needed for effective decision making in organizations Developing information systems to satisfy those needs

Dr. S. Loizidou ACSC345

What is MIS?
In other words.. MIS is using technology to create business value.

Dr. S. Loizidou ACSC345

What do MIS professionals do?

BUSINESS

MIS
TECHNOLOGY

Bridge the gap between business and technical minds

Dr. S. Loizidou ACSC345

Information Systems (IS)

A set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making and control in an organization
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IS and Decision Making

Dr. S. Loizidou ACSC345

Managerial Levels
Senior managers: long-range strategic decisions about products and services Middle managers: Carry out the programs and plans of senior management Operational managers: monitor the firms daily activities

Dr. S. Loizidou ACSC345

Data versus Information

To make good decisions, accurate data can be transformed into information.

Information Processing Cycle

Input Process Output Storage
(Data) (Information)

Dr. S. Loizidou ACSC345

Data versus Information

Data and Information

Characteristics of Good Information

Subjective Value Relevant Timely Accurate Meaningful Format Complete Accessible
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IS and Technology
Hardware, software, databases, networks and other related components Computers and other technologies are used to build information systems What technology should be used?

Dr. S. Loizidou ACSC345

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Information Systems in Business

Functional Areas of Business
Sales and Marketing Manufacturing / Service

Finance / Accounting
Human Resource

Cross Functional
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Widening Scope of IS

Dr. S. Loizidou ACSC345

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MIS Characteristics:
System approach
Takes Comprehensive view in the light of its objective

Management oriented
Top down approach followed Derived from the overall business objectives

Need based
Caters to info needs at different levels

Exception based
Exception based reporting principle
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 Futuristic
On the basis of projections

Integrated
Blends info from several operational areas

Common data flows

Should avoid data duplication and redundancy

Long term basis

Strive to be futuristic

Divide and conquer

Use partitioning into subsystems

Central database
Let subsystems access the master data
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MIS Functions:
Data capturing Processing of data Storage Retrieval Dissemination of MI finished product of MIS

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