Important existence of the co-efficient of progressive adaptability in the field of information systems with special focus on management information systems in the banking industry.
2. Management Information Systems is the
backbone of the banking sector.
Right information to the right person at the
right time.
Successful operations.
3. Data collection.
Data processing.
Information management and dissemination.
Integration of Knowledge management
systems.
Constant adaptation.
5. Reduces human/manual interventions.
Increased efficiency.
Increased productivity,
Cost reduction.
Improved Personalization.
Enhanced flexibility and planning.
Ascend up the value chain.
6. 50% improvement in customer service and
productivity with accurate I.T. solutions.
85% of the operations attributed to 80% of its
employees can be automated at least
partially.
Processes taking 12 months to 18 months
reduced to 6 months with 50 % of the
required investments.
7. 70% reduction in back office time of account
handling , with 75% percent return on
investment in 15months.
8. Capacity to adapt the Information Systems to
the changing environment enables
competitive advantage .
Change management as well with technology.
Optimal strategic management.
9. Private sector bank in India proved that :
• Efficiency of the management information
systems does increase with accurate and
timely adaptation.
• In retrospect , it also states that neglecting
the accurate and timely adaptation of the
management information systems decreases
the efficiency of the same.
10. Automation with subject line.
16 step process reduced to 11 steps.
415 man hours per year reduced.
Reduced room for errors.
Increased efficiency.
11. Methodology:
Literature review .
Online visual data.
Thematic analysis.
Compared with practicality:
Existence of the co-efficient of progressive
adaptation .
12. Optimum efficiency(Oe)=Present
methods(pm) θ-Eradicated steps(Es).
Oe=Pmθ-Es.
Rate of change of timely adaptation of the
M.I.S. is directly proportional to the efficiency
of the same . Vice-versa.