An information system is any combination of information technology and people's activities using that technology to support operations, management, and decision-making. Information systems include transaction processing systems, management information systems, knowledge work systems, and executive support systems. Transaction processing systems focus on basic business systems that process daily routine transactions, while management information systems provide periodic reports and exception reports to support management decisions. Decision support systems directly help decision-making through analytical modeling and exploration of alternatives.
2. What is Information System? Information System (IS) is any combination of information technology and people's activities using that technology to support operations, management, and decision-making. Information technologyis a general term that describes any technology that helps to produce, manipulate, store, communicate, and/or disseminate information. 2
8. generate reports, and other output.Transformation of data into information is the primary function of information system. 3 What is Information System?
18. Controlled Access. Restricted access to the system ensures that employees who lack the skills and ability to control it cannot influence the transaction process. Transaction Processing System (TPS)
22. knowledge management systemsOffice System- Document Imaging This system converts documents and images into digital form so they can be stored and accessed by the computer.
23. 9 Operational Level Tactical Level Purchase Inventory Item Point-of-Sale (POS) System Sales analysis Report MIS DSS Profitability Analysis Report Capital Investment Report General Ledger System Accounting Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product,service or a business-wide strategy. Basically MIS is the extension of Decision Support System (DSS). Management Information System (MIS) Decision Support System (DSS)
24. 10 MIS Periodic reports Pre-specified, generic reports DSS Special reports that may only be generated once May not know what kind of report to generate until the problem surfaces; specialized reports. MIS vs. DSS
34. 15 DSS TPS OperationalManagement Decisions TacticalManagement Decisions StrategicManagement Decisions EIS MIS IS Relationship
35. Next topic: Tools/Concepts for IT support business Nov 30, 2010 16
Editor's Notes
IT is only an essential element of the strategic vision, the initiative which the organization chooses to undertake so as to achieve competitive edge.
Features:Focus on basic business systems that serve the operational level A computerized system that performs and records the daily routine transactions necessary to the conduct of the business
TPS interfaces are designed to acquire identical data for each transaction, regardless of the customer.
MIS provides information about the performance of an organizationThink of entire company (the firm) as a system.An MIS provides management with feedback