Quality and Value of Information
Information Overload
Causes of Information Overload
Tips to solve the information overload problem
Techniques of Managing Overload
This presentation is on the topic - Transaction Processing System. It is a topic in Information Technology for Managers. It includes the concept, characteristics, functions, advantages and disadvantages, types and application of TPS
This presentation is on the topic - Transaction Processing System. It is a topic in Information Technology for Managers. It includes the concept, characteristics, functions, advantages and disadvantages, types and application of TPS
Fundamental concepts, principle of economicsShompa Nandi
Fundamental Concept or Principle of Economics, Opportunity cost principle, Equi-marginal principle, incremental principle, discounting principle, Risk and uncertainty, Time Perspective
Management Information System (MIS) is a planned system of collecting, storing, and disseminating data in the form of information needed to carry out the functions of management. 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.
During the growth of a competitive global environment, there is considerable pressure on most organisations to make their operational, tactical, and strategic process more efficient and effective.
An information system (IS) is a group of components which can increase the competitiveness and gain better information for decision making. Consequently, many organisations decide to implement IS in order to improve the effectiveness and efficiency of their organisations
Information systems have become a major function area of business administration. The systems, nowadays, plays a vital role in the e-business and e-commerce operations, enterprise collaboration and management, and strategic success of the business
Fundamental concepts, principle of economicsShompa Nandi
Fundamental Concept or Principle of Economics, Opportunity cost principle, Equi-marginal principle, incremental principle, discounting principle, Risk and uncertainty, Time Perspective
Management Information System (MIS) is a planned system of collecting, storing, and disseminating data in the form of information needed to carry out the functions of management. 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.
During the growth of a competitive global environment, there is considerable pressure on most organisations to make their operational, tactical, and strategic process more efficient and effective.
An information system (IS) is a group of components which can increase the competitiveness and gain better information for decision making. Consequently, many organisations decide to implement IS in order to improve the effectiveness and efficiency of their organisations
Information systems have become a major function area of business administration. The systems, nowadays, plays a vital role in the e-business and e-commerce operations, enterprise collaboration and management, and strategic success of the business
There are tensions in the data structure choices we make. These relate to the value of information over time, the access / capture trade off, preservation and archiving considerations, and the need to effectively embed process / practice layering to allow efficient application of knowledge to action.
This is about an Electronic Medical Record System for General Practitioners, especially for those who are from developing countries like Sri Lanka. Details are there in www.lakmedi.com
A community needs assessment identifies the strengths and resources available in the community to meet the needs of children, youth, and families. The assessment focuses on the capabilities of the community, including its citizens, agencies, and organizations.
Hospital Internal Communication with SnapCommsSnapComms
Internal Communication in Hospitals with SnapComms internal communication tools. How to use SnapComms internal communication tools for hospital communication in your workplace.
5 Ways to Build Employee Trust for Less Turnover and Fewer IncidentsCase IQ
Over the past few months, we’ve seen employees quit in record numbers. While there are many reasons for “The Great Resignation”, a standout is employee trust. A study from Gallup suggests that only one in three employees strongly agree that they trust the leadership of their organization.
Employees want to trust the companies they work at and the people they work with. They want to feel comfortable coming to HR with their complaints and concerns. But building trust takes time, and effort. As organizations are planning their post-pandemic strategies, now is a perfect time to place an intentional emphasis on building trust.
MIS Subsystems
Hierarchical Relations of Subsystems
Types of Subsystems
Organisational Function Subsystem
Activity Subsystem
Organisational Function Subsystems
Organisational Function
Production Subsystem
Marketing Subsystem
Personnel Subsystem
Finance Subsystem
Multiple approaches to the structure of MIS
Operational elements (physical components, process, and outputs for users),
Activity subsystems
Functional subsystems
Decision support
Control in Systems - Feedback and Input, Process & Output ControlMohammed Jasir PV
Control in Systems
Feedback
Definition
Mechanism of Feedback
Negative Feedback Control
Input, Process and Output Control
Positive Feedback
Negative Feedback
Input, Process and Output Control
Management Information System
Concept - MIS
Components of MIS
MIS Activites
MIS Fonctions
Characteristics of MIS
Advantages of MIS
Disadvantages of MIS
An introduction to the financial market in India - Types of Financial Markets - Primary Market - Secondary Market - Nature of Fin. Market - Functions of the Markets - Importance of the Markets - SEBI
Multiple Approaches & Synthesis of MIS Structure
--------------------------------------------------------------------
Multiple Approaches to MIS
= Formal IS and Informal IS
= Public IS and Private IS
= Information Networks
= Modularity
= Extent of Integration
= Extent of Man-machine Integration
Synthesis of MIS Structure
= Physical Structure
= Conceptual Structure
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Quality and value of information & Information overload
1. Management Information Systems
Quality and Value of Information
Information Overload
Prepared By:
Mohammed Jasir PV
Asst. Professor
NBS, Koratty
Contact: 9605 69 32 66
3. Quality and Value of information
• The quality and value of information can be described as
how it contributes for effective decision making
• The quality of information is high, if it creates managerial
impact leading to attention, decision and action
5. The quality of information can be measured on the four dimensions
• Utility
• Satisfaction
• Error
• Bias
6. 1)The utility Dimension
• The utility dimension has four components namely the form, the time, the
access and the procession
• If the information is presented in the form of manager requires, then its
utility increases
• If it is available(time) when needed, the utility is optimized
• If the information is easily and quickly accessible through the online
access system, its utility gets an additional boost
• If the information is processed by the manager who needs it, then its
utility is the highest.
7. 2) Satisfaction Dimension
• The degree of satisfaction would determine the quality of
the information
• If the organization has a high degree of satisfaction, then
one can be safe in saying that information systems are
designed properly to meet the information needs of the
managers at all the levels
8. 2) Error Dimension
The error creep in on account of various reasons, namely:
• An incorrect data measurement
• An incorrect collection method
• Failure to follow the prescribed data processing procedure
• Loss of data or incomplete data
• Poor application of data validation and control systems
• A deliberate falsification
• The data should be avoided of errors, care should be taken that the information
is processed after ensuring the correctness of the data in terms of time and the
number of document, and the transactions in the period
9. 4) Bias Dimension
• The procedure of communicating the information should be such that
the system is able to detect the degree and the nature of the bias and
correct the information accordingly
11. Information Overload
• It is a term popularized by Alvin Toffler
• Information overload occurs when the
amount of input to a system exceeds its
processing capacity
• It is simply the inability to digest and apply
all of the information provided
• It results in anxiety and stress, delay in
decision making, lack of job satisfaction,
waste of time and working longer hours
12.
13. Information Overload
• It refers to difficulty of a person can have understanding an issue and
making decisions that can they caused by the presence of too much
information
• It is a situation where a manager is given too much information and as a
result his is confused and cannot make optimal decisions
• Information overload occurs when the amount of input to a system exceeds
its processing capacity
14. Causes of Information Overload
Too much
information
Difficult to manage
information
Irrelevance or
unimportance of
information
Multiple sources of
information
Lack of time to
understand
information
Information
Overload
15. Causes of Information Overload
• Increasing new information
• Duplication and transmission
• Increase channels of incoming information
(e.g. telephone, e-mail, instant messaging)
• Historical information
• Contradictions and inaccuracies
• A low signal-to-noise ratio
• A lack of comparing and processing
16. Causes of Information Overload
• A rapidly increasing rate of new information
• The ease of duplication and transmission of data across the Internet
• An increase in the available channels of incoming information (e.g.
telephone, e-mail, instant messaging)
• Large amounts of historical information to dig through
• Contradictions and inaccuracies in available information
• A low signal-to-noise ratio
• A lack of a method for comparing and processing different kinds of
information
17. Tips to solve information overload problem
1. Focus and specialize in one thing
2. Take Control
3. Follow only valuable sources
4. Unsubscribe from most of the unwanted subscription
5. Organize the time
18. Techniques of Managing Overload
1. Data summarizing
2. Message modification or filtering
3. Inferences
4. Message routing
19. Data Summarizing
• Reduction of data to a meaningful and
concise form
• Summarization reduces the amount of
data transmission with out changing the
essential meanings of the original
message
20. Data Summarizing
• Reduction of data to a meaningful and concise
form
• Summarization is a commonly used method of
data reduction and it refers to the reduction of
data to a meaningful and concise form
• Summarization reduces the amount of data
transmission with out changing the essential
meanings of the original message
21.
22. 2. Message modification or filtering
• It refers to the removal of unwanted and irrelevant data so as to
make the information more useful to the recipient
• Under this method the meaning of the message is altered before
it is transmitted
• In order to prevent information overload, the data can be
reduced to a manageable size through the process of filtering
23.
24. 3. Inferences
• Process of reaching a conclusion based on facts or evidence
• “Conclusion based on facts“
• “This must be either a new pencil or one which has not been used a lot”
“a long pencil with an eraser”
• “This must be either an old pencil or one which has been used for a long period”
“a small pencil without an eraser”
25.
26. “The boy is crying”
“The boy is hurt in knee”
The boy must have fallen
27. 3. Inferences
• Process of reaching a conclusion based on facts or
evidence
• Inferences are drawn form a large volume of data and
these inferences are transmitted or communicated in the
organization instead of original data
• This process reduces the volume of data considerably
• Inferences may be based on quantitative data such as
statistical inference or may be more subjective
• The quality of inference depends on the ability and skill
of the person who makes the inference
The boy is crying
The boy is hurt in knee
The boy must have fallen
28. 4. Message Routing
• The message should be distributed to only those persons
or departments which really require information to
make decision or initiate an action
29. 4. Message Routing
• The message should be distributed to only those
persons or departments which really require
information to make decision or initiate an action
Eg: Copies of purchase order should be sent to
production, distribution and billing sections because
these departments have to take direct action based
on this order.
The copy of purchase order need not be sent to
marketing department since they do not require
information containing in the order