Modern businesses simply cannot complete without the power of an information system. Information systems store, update, and even analyze the information, which the company can then use to pinpoint solutions to current to future problems. Furthermore, these systems integrate data from various sources, inside and outside the company, keeping the company up to date with internal performance and external opportunities and threats (Wallance, 2015). Information System helps a company make adequate use of its data reduce work and assists with compliance with the various mandatory regulation. The GAP portal is one of the suitable examples of MIS system. School management system, Hospital management system, Pumari are the popular MIS tools in Nepal.
Many organizations use the information system to formulate strategic plans and make decisions for the organization’s durability and prosperity. In a corporate houses business information system to evaluate information from all sources, including information from external references such as Reuters or Bloomberg, which provide information on the general economy (Chatterjee, 2010). Information system eliminates repetitive tasks and increases accuracy, allowing employees to concentrate on more high-level function. An information system can also to better project planning and implementing through effective monitoring and comparison against established criteria.
The major role of information system in business are:
Making Decision: Decision making is one of the essential management tasks. Decision-making process is data - intensive. A manager may need various reports, business documents, analyze and direct communication in order to get prepared for making an effective decision. Managers get informed via information systems, oral communication and possibly in another way.
Strategic Information System: It applies information technology (IT) with the firm’s product, service, and business process to help the organization to gain a strategic advantage over the competition.
Knowledge Management System: Knowledge Management system is a knowledge-based information system to support creation. Organization and dissemination business knowledge to employees and manager throughout the company.
Operation Management: It focuses on an operational and managerial application in support of business function like accounting and marketing.
Executive Support System: is a reporting tool that provides quick access to summarized reports coming from all level of organization and departments such as accounting, human resources, and operation. This system provides critical information in a wide range of internal and external source in the easiest way to display to manager and executives.
We can conclude that information system is an important part of the business organizations which provides timely and accurate information to the business managers and helps them in taking appropriate decision. For the success of an information system, it is suggested that proper planning is very important in any information system because without planning nothing is possible.
References
Chatterjee, I. (2010). Management Information. New Delhi: Prentice Hall of India, New Delhi.
Wallance, P. (2015). Introduction of an information system. USA: PEARSON.
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Modern businesses simply cannot complete without the power of an information system. Information systems store, update, and even analyze the information, which the company can then use to pinpoint solutions to current to future problems. Furthermore, these systems integrate data from various sources, inside and outside the company, keeping the company up to date with internal performance and external opportunities and threats (Wallance, 2015). Information System helps a company make adequate use of its data reduce work and assists with compliance with the various mandatory regulation. The GAP portal is one of the suitable examples of MIS system. School management system, Hospital management system, Pumari are the popular MIS tools in Nepal.
Many organizations use the information system to formulate strategic plans and make decisions for the organization’s durability and prosperity. In a corporate houses business information system to evaluate information from all sources, including information from external references such as Reuters or Bloomberg, which provide information on the general economy (Chatterjee, 2010). Information system eliminates repetitive tasks and increases accuracy, allowing employees to concentrate on more high-level function. An information system can also to better project planning and implementing through effective monitoring and comparison against established criteria.
The major role of information system in business are:
Making Decision: Decision making is one of the essential management tasks. Decision-making process is data - intensive. A manager may need various reports, business documents, analyze and direct communication in order to get prepared for making an effective decision. Managers get informed via information systems, oral communication and possibly in another way.
Strategic Information System: It applies information technology (IT) with the firm’s product, service, and business process to help the organization to gain a strategic advantage over the competition.
Knowledge Management System: Knowledge Management system is a knowledge-based information system to support creation. Organization and dissemination business knowledge to employees and manager throughout the company.
Operation Management: It focuses on an operational and managerial application in support of business function like accounting and marketing.
Executive Support System: is a reporting tool that provides quick access to summarized reports coming from all level of organization and departments such as accounting, human resources, and operation. This system provides critical information in a wide range of internal and external source in the easiest way to display to manager and executives.
We can conclude that information system is an important part of the business organizations which provides timely and accurate information to the business managers and helps them in taking appropriate decision. For the success of an information system, it is suggested that proper planning is very important in any information system because without planning nothing is possible.
References
Chatterjee, I. (2010). Management Information. New Delhi: Prentice Hall of India, New Delhi.
Wallance, P. (2015). Introduction of an information system. USA: PEARSON.