SlideShare a Scribd company logo
http://www.tutorialspoint.com/management_information_system/basic_information_concepts.htm
Copyright © tutorialspoint.com
MIS - BASIC INFORMATION CONCEPTSMIS - BASIC INFORMATION CONCEPTS
Information can be defined as meaningfully interpreted data. If we give you a number 1-212-290-
4700, it does not make any sense on its own. It is just a raw data. However if we say Tel: +1-212-
290-4700, it starts making sense. It becomes a telephone number. If I gather some more data and
record it meaningfully like:
Address: 350 Fifth Avenue, 34th floor
New York, NY 10118-3299 USA
Tel: +1-212-290-4700
Fax: +1-212-736-1300
It becomes a very useful information - the address of New York office of Human Rights Watch, a
non-profit, non-governmental human rights organization.
So, from a system analyst's point of view, information is a sequence of symbols that can be
construed to a useful message.
An Information System is a system that gathers data and disseminates information with the sole
purpose of providing information to its users.
The main object of an information system is to provide information to its users. Information
systems vary according to the type of users who use the system.
A Management Information System is an information system that evaluates, analyzes, and
processes an organization's data to produce meaningful and useful information based on which
the management can take right decisions to ensure future growth of the organization.
Information Definition
According to Wikipedia:
"Information can be recorded as signs, or transmitted as signals. Information is any
kind of event that affects the state of a dynamic system that can interpret the
information.
Conceptually, information is the message utteranceorexpression being conveyed.
Therefore, in a general sense, information is "Knowledge communicated or received,
concerning a particular fact or circumstance". Information cannot be predicted and
resolves uncertainty."
Information Vs Data
Data can be described as unprocessed facts and figures. Plain collected data as raw facts cannot
help in decision-making. However, data is the raw material that is organized, structured, and
interpreted to create useful information systems.
Data is defined as 'groups of non-random symbols in the form of text, images, voice representing
quantities, action and objects'.
Information is interpreted data; created from organized, structured, and processed data in a
particular context.
According to Davis and Olson:
"Information is a data that has been processed into a form that is meaningful to
recipient and is of real or perceived value in the current or the prospective action or
decision of recipient."
Information, Knowledge and Business Intelligence
Professor Ray R. Larson of the School of Information at the University of California, Berkeley,
provides an Information Hierarchy, which is:
Data - The raw material of information.
Information - Data organized and presented by someone.
Knowledge - Information read, heard, or seen, and understood.
Wisdom - Distilled and integrated knowledge and understanding.
Scott Andrews' explains Information Continuum as follows:
Data - A Fact or a piece of information, or a series thereof.
Information - Knowledge discerned from data.
Business Intelligence - Information Management pertaining to an organization's policy or
decision-making, particularly when tied to strategic or operational objectives.
Information/Data Collection Techniques
The most popular data collection techniques include:
Surveys: A questionnaires is prepared to collect the data from the field.
Secondary data sources or archival data: Data is collected through old records, magazines,
company website etc.
Objective measures or tests: An experimental test is conducted on the subject and the data is
collected.
Interviews: Data is collected by the system analyst by following a rigid procedure and
collecting the answers to a set of pre-conceived questions through personal interviews.
Loading [MathJax]/jax/output/HTML-CSS/jax.js

More Related Content

What's hot

Data analytics
Data analyticsData analytics
Data analytics
davidfergarcia
 
USING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEW
USING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEWUSING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEW
USING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEW
Nellore Harilakshmi
 
Datamining
DataminingDatamining
Information_Systems
Information_SystemsInformation_Systems
Information_Systems
Amitave Banik
 
Big Data and Classification
Big Data and ClassificationBig Data and Classification
Big Data and Classification
303Computing
 
Big data analytics
Big data analyticsBig data analytics
Big data analytics
RAVIKANTSHARMA98
 
Data Analytics
Data AnalyticsData Analytics
Data Analytics
Vala Ali Rohani
 
Data analytics
Data analyticsData analytics
Data Mining
Data MiningData Mining
Data Mining
Megha Sharma
 
Analysis of ‘Unstructured’ Data
Analysis of ‘Unstructured’ DataAnalysis of ‘Unstructured’ Data
Analysis of ‘Unstructured’ Data
Seth Grimes
 
Unit 1
Unit 1Unit 1
Data mining and its applications!
Data mining and its applications!Data mining and its applications!
Data mining and its applications!
COSTARCH Analytical Consulting (P) Ltd.
 
Issues, challenges, and solutions
Issues, challenges, and solutionsIssues, challenges, and solutions
Issues, challenges, and solutions
csandit
 
Data analytics
Data analyticsData analytics
Data analytics
Bhanu Pratap
 
Data Mining with big data total ieee project and entire files.
Data Mining with big data total ieee project and entire files.Data Mining with big data total ieee project and entire files.
Data Mining with big data total ieee project and entire files.
Kinnudj Amee
 
5 data preparation and processing2
5 data preparation and processing25 data preparation and processing2
5 data preparation and processing2
Mahmoud Alfarra
 
Big Data Mining - Classification, Techniques and Issues
Big Data Mining - Classification, Techniques and IssuesBig Data Mining - Classification, Techniques and Issues
Big Data Mining - Classification, Techniques and Issues
Karan Deep Singh
 
Big Data Analytics
Big Data AnalyticsBig Data Analytics
Big Data Analytics
Noel Hatch
 
Data mining
Data miningData mining
Data mining
Alisha Korpal
 
Data information knowledge
Data information knowledgeData information knowledge
Data information knowledge
Kishor Sakariya
 

What's hot (20)

Data analytics
Data analyticsData analytics
Data analytics
 
USING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEW
USING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEWUSING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEW
USING BIGDATA WITH ACADEMIC LIBRARY SERVICES: A VIEW
 
Datamining
DataminingDatamining
Datamining
 
Information_Systems
Information_SystemsInformation_Systems
Information_Systems
 
Big Data and Classification
Big Data and ClassificationBig Data and Classification
Big Data and Classification
 
Big data analytics
Big data analyticsBig data analytics
Big data analytics
 
Data Analytics
Data AnalyticsData Analytics
Data Analytics
 
Data analytics
Data analyticsData analytics
Data analytics
 
Data Mining
Data MiningData Mining
Data Mining
 
Analysis of ‘Unstructured’ Data
Analysis of ‘Unstructured’ DataAnalysis of ‘Unstructured’ Data
Analysis of ‘Unstructured’ Data
 
Unit 1
Unit 1Unit 1
Unit 1
 
Data mining and its applications!
Data mining and its applications!Data mining and its applications!
Data mining and its applications!
 
Issues, challenges, and solutions
Issues, challenges, and solutionsIssues, challenges, and solutions
Issues, challenges, and solutions
 
Data analytics
Data analyticsData analytics
Data analytics
 
Data Mining with big data total ieee project and entire files.
Data Mining with big data total ieee project and entire files.Data Mining with big data total ieee project and entire files.
Data Mining with big data total ieee project and entire files.
 
5 data preparation and processing2
5 data preparation and processing25 data preparation and processing2
5 data preparation and processing2
 
Big Data Mining - Classification, Techniques and Issues
Big Data Mining - Classification, Techniques and IssuesBig Data Mining - Classification, Techniques and Issues
Big Data Mining - Classification, Techniques and Issues
 
Big Data Analytics
Big Data AnalyticsBig Data Analytics
Big Data Analytics
 
Data mining
Data miningData mining
Data mining
 
Data information knowledge
Data information knowledgeData information knowledge
Data information knowledge
 

Similar to Basic information concepts of management of Information System

Introduction of Data and Information in IS
Introduction of Data and Information in ISIntroduction of Data and Information in IS
Introduction of Data and Information in IS
divyapatel123440
 
22830802 management-information-system
22830802 management-information-system22830802 management-information-system
22830802 management-information-system
arunakankshadixit
 
IDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATION
IDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATIONIDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATION
IDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATION
Suneal Saini
 
Information systems and it's types
Information systems and it's typesInformation systems and it's types
Information systems and it's types
Jaipal Dhobale
 
Bioinformatioc: Information Retrieval
Bioinformatioc: Information RetrievalBioinformatioc: Information Retrieval
Bioinformatioc: Information Retrieval
Dr. Rupak Chakravarty
 
Management information systems ppt
Management information systems pptManagement information systems ppt
Management information systems ppt
tbampogi
 
IT class I - ICAB PS-KL
IT class I - ICAB PS-KL IT class I - ICAB PS-KL
IT class I - ICAB PS-KL
Sazzad Hossain, ITP, MBA, CSCA™
 
Student 11) Data is a set of undefined objects which are form.docx
Student 11) Data is a set of undefined objects which are form.docxStudent 11) Data is a set of undefined objects which are form.docx
Student 11) Data is a set of undefined objects which are form.docx
cpatriciarpatricia
 
Information Innovation: Turning Insights into Opportunities
Information Innovation: Turning Insights into OpportunitiesInformation Innovation: Turning Insights into Opportunities
Information Innovation: Turning Insights into Opportunities
Hubbard One
 
IM Introduction.ppt
IM Introduction.pptIM Introduction.ppt
IM Introduction.ppt
MadhanrajanUdayananJ
 
Managing and publishing sensitive data in the social sciences - Webinar trans...
Managing and publishing sensitive data in the social sciences - Webinar trans...Managing and publishing sensitive data in the social sciences - Webinar trans...
Managing and publishing sensitive data in the social sciences - Webinar trans...
ARDC
 
Evidence Based Healthcare Design
Evidence Based Healthcare DesignEvidence Based Healthcare Design
Evidence Based Healthcare Design
Carmen Martin
 
SYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdf
SYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdfSYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdf
SYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdf
STUDY2BCA
 
‘Personal data literacies’: A critical literacies approach to enhancing under...
‘Personal data literacies’: A critical literacies approach to enhancing under...‘Personal data literacies’: A critical literacies approach to enhancing under...
‘Personal data literacies’: A critical literacies approach to enhancing under...
eraser Juan José Calderón
 
Social Networks and Well-Being in Democracy in the Age of Digital Capitalism
Social Networks and Well-Being in Democracy in the Age of Digital CapitalismSocial Networks and Well-Being in Democracy in the Age of Digital Capitalism
Social Networks and Well-Being in Democracy in the Age of Digital Capitalism
AJHSSR Journal
 
Information Management
Information ManagementInformation Management
Information Management
Nadeem Raza
 
DATA-COLLECTION.pptx
DATA-COLLECTION.pptxDATA-COLLECTION.pptx
DATA-COLLECTION.pptx
JanineCallangan
 
Data and information
Data and informationData and information
Data and information
vikash yadav
 
Mis final unit 2 information
Mis final unit 2 informationMis final unit 2 information
Mis final unit 2 information
naveentiwari63
 
Evolving Role of MIM in an Organization
Evolving Role of MIM in an OrganizationEvolving Role of MIM in an Organization
Evolving Role of MIM in an Organization
Achmad Solichin
 

Similar to Basic information concepts of management of Information System (20)

Introduction of Data and Information in IS
Introduction of Data and Information in ISIntroduction of Data and Information in IS
Introduction of Data and Information in IS
 
22830802 management-information-system
22830802 management-information-system22830802 management-information-system
22830802 management-information-system
 
IDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATION
IDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATIONIDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATION
IDENTIFICATION OF SOURCES OF INFORMATION, SEARCHING AND CLASSIFYING INFORMATION
 
Information systems and it's types
Information systems and it's typesInformation systems and it's types
Information systems and it's types
 
Bioinformatioc: Information Retrieval
Bioinformatioc: Information RetrievalBioinformatioc: Information Retrieval
Bioinformatioc: Information Retrieval
 
Management information systems ppt
Management information systems pptManagement information systems ppt
Management information systems ppt
 
IT class I - ICAB PS-KL
IT class I - ICAB PS-KL IT class I - ICAB PS-KL
IT class I - ICAB PS-KL
 
Student 11) Data is a set of undefined objects which are form.docx
Student 11) Data is a set of undefined objects which are form.docxStudent 11) Data is a set of undefined objects which are form.docx
Student 11) Data is a set of undefined objects which are form.docx
 
Information Innovation: Turning Insights into Opportunities
Information Innovation: Turning Insights into OpportunitiesInformation Innovation: Turning Insights into Opportunities
Information Innovation: Turning Insights into Opportunities
 
IM Introduction.ppt
IM Introduction.pptIM Introduction.ppt
IM Introduction.ppt
 
Managing and publishing sensitive data in the social sciences - Webinar trans...
Managing and publishing sensitive data in the social sciences - Webinar trans...Managing and publishing sensitive data in the social sciences - Webinar trans...
Managing and publishing sensitive data in the social sciences - Webinar trans...
 
Evidence Based Healthcare Design
Evidence Based Healthcare DesignEvidence Based Healthcare Design
Evidence Based Healthcare Design
 
SYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdf
SYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdfSYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdf
SYBCA SEM 4 VNSGU INFORMATION SYSTEM.pdf
 
‘Personal data literacies’: A critical literacies approach to enhancing under...
‘Personal data literacies’: A critical literacies approach to enhancing under...‘Personal data literacies’: A critical literacies approach to enhancing under...
‘Personal data literacies’: A critical literacies approach to enhancing under...
 
Social Networks and Well-Being in Democracy in the Age of Digital Capitalism
Social Networks and Well-Being in Democracy in the Age of Digital CapitalismSocial Networks and Well-Being in Democracy in the Age of Digital Capitalism
Social Networks and Well-Being in Democracy in the Age of Digital Capitalism
 
Information Management
Information ManagementInformation Management
Information Management
 
DATA-COLLECTION.pptx
DATA-COLLECTION.pptxDATA-COLLECTION.pptx
DATA-COLLECTION.pptx
 
Data and information
Data and informationData and information
Data and information
 
Mis final unit 2 information
Mis final unit 2 informationMis final unit 2 information
Mis final unit 2 information
 
Evolving Role of MIM in an Organization
Evolving Role of MIM in an OrganizationEvolving Role of MIM in an Organization
Evolving Role of MIM in an Organization
 

Recently uploaded

Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
my Pandit
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
AnnySerafinaLove
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
SEOSMMEARTH
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431
ecamare2
 
Business storytelling: key ingredients to a story
Business storytelling: key ingredients to a storyBusiness storytelling: key ingredients to a story
Business storytelling: key ingredients to a story
Alexandra Fulford
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
jeffkluth1
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
Adnet Communications
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
aragme
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
my Pandit
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
ssuser567e2d
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
Top Forex Brokers Review
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
CLIVE MINCHIN
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
Christian Dahlen
 

Recently uploaded (20)

Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your TasteZodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
 
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
3 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 20243 Simple Steps To Buy Verified Payoneer Account In 2024
3 Simple Steps To Buy Verified Payoneer Account In 2024
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431Observation Lab PowerPoint Assignment for TEM 431
Observation Lab PowerPoint Assignment for TEM 431
 
Business storytelling: key ingredients to a story
Business storytelling: key ingredients to a storyBusiness storytelling: key ingredients to a story
Business storytelling: key ingredients to a story
 
Part 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 SlowdownPart 2 Deep Dive: Navigating the 2024 Slowdown
Part 2 Deep Dive: Navigating the 2024 Slowdown
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
2022 Vintage Roman Numerals Men Rings
2022 Vintage Roman  Numerals  Men  Rings2022 Vintage Roman  Numerals  Men  Rings
2022 Vintage Roman Numerals Men Rings
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 
Industrial Tech SW: Category Renewal and Creation
Industrial Tech SW:  Category Renewal and CreationIndustrial Tech SW:  Category Renewal and Creation
Industrial Tech SW: Category Renewal and Creation
 

Basic information concepts of management of Information System

  • 1. http://www.tutorialspoint.com/management_information_system/basic_information_concepts.htm Copyright © tutorialspoint.com MIS - BASIC INFORMATION CONCEPTSMIS - BASIC INFORMATION CONCEPTS Information can be defined as meaningfully interpreted data. If we give you a number 1-212-290- 4700, it does not make any sense on its own. It is just a raw data. However if we say Tel: +1-212- 290-4700, it starts making sense. It becomes a telephone number. If I gather some more data and record it meaningfully like: Address: 350 Fifth Avenue, 34th floor New York, NY 10118-3299 USA Tel: +1-212-290-4700 Fax: +1-212-736-1300 It becomes a very useful information - the address of New York office of Human Rights Watch, a non-profit, non-governmental human rights organization. So, from a system analyst's point of view, information is a sequence of symbols that can be construed to a useful message. An Information System is a system that gathers data and disseminates information with the sole purpose of providing information to its users. The main object of an information system is to provide information to its users. Information systems vary according to the type of users who use the system. A Management Information System is an information system that evaluates, analyzes, and processes an organization's data to produce meaningful and useful information based on which the management can take right decisions to ensure future growth of the organization. Information Definition According to Wikipedia: "Information can be recorded as signs, or transmitted as signals. Information is any kind of event that affects the state of a dynamic system that can interpret the information. Conceptually, information is the message utteranceorexpression being conveyed. Therefore, in a general sense, information is "Knowledge communicated or received, concerning a particular fact or circumstance". Information cannot be predicted and resolves uncertainty." Information Vs Data Data can be described as unprocessed facts and figures. Plain collected data as raw facts cannot help in decision-making. However, data is the raw material that is organized, structured, and interpreted to create useful information systems. Data is defined as 'groups of non-random symbols in the form of text, images, voice representing quantities, action and objects'. Information is interpreted data; created from organized, structured, and processed data in a particular context. According to Davis and Olson: "Information is a data that has been processed into a form that is meaningful to recipient and is of real or perceived value in the current or the prospective action or decision of recipient."
  • 2. Information, Knowledge and Business Intelligence Professor Ray R. Larson of the School of Information at the University of California, Berkeley, provides an Information Hierarchy, which is: Data - The raw material of information. Information - Data organized and presented by someone. Knowledge - Information read, heard, or seen, and understood. Wisdom - Distilled and integrated knowledge and understanding. Scott Andrews' explains Information Continuum as follows: Data - A Fact or a piece of information, or a series thereof. Information - Knowledge discerned from data. Business Intelligence - Information Management pertaining to an organization's policy or decision-making, particularly when tied to strategic or operational objectives. Information/Data Collection Techniques The most popular data collection techniques include: Surveys: A questionnaires is prepared to collect the data from the field. Secondary data sources or archival data: Data is collected through old records, magazines, company website etc. Objective measures or tests: An experimental test is conducted on the subject and the data is collected. Interviews: Data is collected by the system analyst by following a rigid procedure and collecting the answers to a set of pre-conceived questions through personal interviews. Loading [MathJax]/jax/output/HTML-CSS/jax.js