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It

is a fact and entity such as names, numbers regarding any object, thing, man is called data. It is a raw fact or material for business organisation.

The

processed data is called Information. Data in proper order or meaning. According to Davis and Olson Information is data that has been processed into a form that is meaningful to the recipient. When data are processed in such a way that these become helpful in decision making, they become information.

Availability- Information is to be collected in minimum possible time and in minimum possible spending both in terms of money and labour. Timeliness- Information is available in the organisation in right time. Validity- The information should be valid to the purpose for which it will be used. Reliability- The reliability is also affected, if the data is not collected from the right and reliable source. Age- The information should be up to date, not old.

Group

of interrelated components working together towards a common goal to accept input, produce output in an organised transformation process. Examples:- Computer System, Accounting system, Biological system, Digestive system, Business system etc.

System

has five basic interactive components Input Raw materials, energy, data etc Process manufacturing process, Human breathing process etc. Output Finished products, results etc. Feedback It is data about the performance of system. Ex- Sales performance is feedback to a sales manager. Control It involves monitoring and evaluating whether a system is moving towards the achievement of its goal or not.

An

Information system is a system that accepts data resources as input and processes them into information product as output. Information system is an organised combination of people, hardware, software, network and data resources that collects, transform and disseminates information in an organisation.

Provide

an Organization with support for business operation Managerial decision making Support for strategic advantages

Hardware: All physical devices and materials used in information processing. Software : All sets of information processing procedures or instructions. People : People or operator are important component of information system. Data : Database is mostly required for information system. Network: Now for computer based information system (CBIS) network like Internet, Intranet, Extranet become essential for successful operation of business organisation and information system.

Art

of getting things done through others. Technique of getting things done through others by satisfying their needs and provide the opportunity for growth and advancement.

The

three sub-components-Management, Information, and Systems- together bring to focus clearly and effectively. It is an integrated user machine system for providing information to support the operations, management analysis and decision making function in an organisation. It is a system for producing and delivering timely information that will support management in accomplishing its specific task in an enterprise.

Integrated
Coordinated Transformation

of data into information Relevant information Selective sharing of data Feedback

For

Decision making For business operation Strategic planning Management control Operational planning and control

MIS provides a balanced perspective into the existing applications of computers in the broad area of business. To the top management, MIS is a tool to gain insight into the overall health of the organization itself. Oil Exploration, Space exploration Transportation Weather forecasting Market Analysis Financial planning, Production planning Human Resource Management Education and Research Health care, Tourism etc.

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