Presentation on
Management Information System in
Decision Making
Subject: ISM
BBA GEN (1ST SHIFT)
BY
KHUSHI GUPTA(02013401722)
ANSH AGGARWAL(35113401722)
ADITYA SWAMI(01713401722)
LAVANAYA KHANDELWAL(35213401722)
RIDA SIDDIQUI(06713401722)
Introduction to Management
Information Systems
Management Information Systems (MIS) refer to the combination of
people, processes, and technology used to collect, store, and
disseminate data. MIS plays a key role in decision-making by
providing managers with the information needed to make strategic,
tactical, and operational decisions. MIS systems facilitate efficient
data processing and ensure that information flows to the right
people at the right time.
KHUSHI GUPTA(02013401722)
Role of MIS in Decision Making
MIS aids decision making by offering:
- Timely information: MIS ensures that decision-makers have access to current
data.
- Data analysis: Helps in analyzing trends and patterns through data reports.
- Accuracy: Reduces human errors in data entry, increasing decision accuracy.
- Integration: MIS integrates data from different departments, fostering
collaboration.
KHUSHI GUPTA(02013401722)
Types of Decision Making Supported by
MIS
MIS supports different levels of decision-making:
1. Strategic Decisions: Long-term, high-level decisions made by senior
management. E.g., corporate expansion.
2. Tactical Decisions: Mid-term decisions related to resource allocation,
performance monitoring, etc.
3. Operational Decisions: Day-to-day decisions such as inventory control, staff
scheduling, etc.
ANSH AGGARWAL(35113401722)
Benefits of MIS in Decision Making
The benefits of MIS in decision making include:
- Efficiency: Automates data processing and reduces time spent on manual work.
- Improved Accuracy: Reduces human errors in decision making.
- Better Resource Management: Helps allocate resources effectively.
- Enhanced Communication: Improves collaboration and data sharing across
departments.
ANSH AGGARWAL(35113401722)
MIS Tools and Techniques
MIS tools and techniques include:
- Enterprise Resource Planning (ERP): Integrates business processes across an
organization.
- Customer Relationship Management (CRM): Manages customer data and
interactions.
- Decision Support Systems (DSS): Assists in complex decision making using data
analysis.
- Executive Information Systems (EIS): Provides senior executives with an easy-
to-use interface for decision support.
ADITYA SWAMI(01713401722)
Challenges in Implementing MIS
Although MIS is beneficial, it comes with challenges:
- Cost: Implementing and maintaining an MIS can be expensive.
- Complexity: MIS systems can be complex and require specialized knowledge to
manage.
- User Resistance: Employees may resist adopting new systems due to fear of
change.
- Data Security: Ensuring that sensitive data is protected from breaches is crucial.
ADITYA SWAMI(01713401722)
Future of MIS in Decision Making
The future of MIS in decision making will likely be shaped by:
- Artificial Intelligence (AI): AI-driven decision support systems will become more
prevalent.
- Big Data: The ability to process large datasets for better decision insights.
- Cloud Computing: Cloud-based MIS solutions offer scalability and remote
access.
- Advanced Analytics: Predictive analytics will enhance proactive decision
making.
LAVANAYA KHANDELWAL(35213401722)
MIS and Data Processing
MIS handles vast amounts of data, transforming raw data into useful information
through:
- Data Collection: Gathering data from multiple internal and external sources
such as transactional data, customer data, and market trends.
- Data Storage: Storing data in organized databases, enabling quick retrieval for
decision making.
- Data Processing: Using software tools like spreadsheets, databases, and
custom-built systems to analyze data.
- Information Distribution: Providing processed data in a useful format (e.g.,
reports, dashboards) to relevant stakeholders, ensuring timely decision making.
LAVANAYA KHANDELWAL(35213401722)
Conclusion
Management Information Systems play a vital role in enhancing the
quality and timeliness of decisions. They help organizations make
informed decisions by providing accurate, timely, and relevant data.
As technology evolves, MIS will continue to integrate with new tools
and technologies to provide even more robust decision-making
support.
RIDA SIDDIQUI(06713401722)
THANK YOU

Presentation on MIS in decsion making.pdf

  • 1.
    Presentation on Management InformationSystem in Decision Making Subject: ISM BBA GEN (1ST SHIFT) BY KHUSHI GUPTA(02013401722) ANSH AGGARWAL(35113401722) ADITYA SWAMI(01713401722) LAVANAYA KHANDELWAL(35213401722) RIDA SIDDIQUI(06713401722)
  • 2.
    Introduction to Management InformationSystems Management Information Systems (MIS) refer to the combination of people, processes, and technology used to collect, store, and disseminate data. MIS plays a key role in decision-making by providing managers with the information needed to make strategic, tactical, and operational decisions. MIS systems facilitate efficient data processing and ensure that information flows to the right people at the right time. KHUSHI GUPTA(02013401722)
  • 3.
    Role of MISin Decision Making MIS aids decision making by offering: - Timely information: MIS ensures that decision-makers have access to current data. - Data analysis: Helps in analyzing trends and patterns through data reports. - Accuracy: Reduces human errors in data entry, increasing decision accuracy. - Integration: MIS integrates data from different departments, fostering collaboration. KHUSHI GUPTA(02013401722)
  • 4.
    Types of DecisionMaking Supported by MIS MIS supports different levels of decision-making: 1. Strategic Decisions: Long-term, high-level decisions made by senior management. E.g., corporate expansion. 2. Tactical Decisions: Mid-term decisions related to resource allocation, performance monitoring, etc. 3. Operational Decisions: Day-to-day decisions such as inventory control, staff scheduling, etc. ANSH AGGARWAL(35113401722)
  • 5.
    Benefits of MISin Decision Making The benefits of MIS in decision making include: - Efficiency: Automates data processing and reduces time spent on manual work. - Improved Accuracy: Reduces human errors in decision making. - Better Resource Management: Helps allocate resources effectively. - Enhanced Communication: Improves collaboration and data sharing across departments. ANSH AGGARWAL(35113401722)
  • 6.
    MIS Tools andTechniques MIS tools and techniques include: - Enterprise Resource Planning (ERP): Integrates business processes across an organization. - Customer Relationship Management (CRM): Manages customer data and interactions. - Decision Support Systems (DSS): Assists in complex decision making using data analysis. - Executive Information Systems (EIS): Provides senior executives with an easy- to-use interface for decision support. ADITYA SWAMI(01713401722)
  • 7.
    Challenges in ImplementingMIS Although MIS is beneficial, it comes with challenges: - Cost: Implementing and maintaining an MIS can be expensive. - Complexity: MIS systems can be complex and require specialized knowledge to manage. - User Resistance: Employees may resist adopting new systems due to fear of change. - Data Security: Ensuring that sensitive data is protected from breaches is crucial. ADITYA SWAMI(01713401722)
  • 8.
    Future of MISin Decision Making The future of MIS in decision making will likely be shaped by: - Artificial Intelligence (AI): AI-driven decision support systems will become more prevalent. - Big Data: The ability to process large datasets for better decision insights. - Cloud Computing: Cloud-based MIS solutions offer scalability and remote access. - Advanced Analytics: Predictive analytics will enhance proactive decision making. LAVANAYA KHANDELWAL(35213401722)
  • 9.
    MIS and DataProcessing MIS handles vast amounts of data, transforming raw data into useful information through: - Data Collection: Gathering data from multiple internal and external sources such as transactional data, customer data, and market trends. - Data Storage: Storing data in organized databases, enabling quick retrieval for decision making. - Data Processing: Using software tools like spreadsheets, databases, and custom-built systems to analyze data. - Information Distribution: Providing processed data in a useful format (e.g., reports, dashboards) to relevant stakeholders, ensuring timely decision making. LAVANAYA KHANDELWAL(35213401722)
  • 10.
    Conclusion Management Information Systemsplay a vital role in enhancing the quality and timeliness of decisions. They help organizations make informed decisions by providing accurate, timely, and relevant data. As technology evolves, MIS will continue to integrate with new tools and technologies to provide even more robust decision-making support. RIDA SIDDIQUI(06713401722)
  • 11.