Assignment: Management Information Systems: Roll No. BS-IAS-184-F17 Section B

ASSIGNMENT :
Management Information Systems
SUBMITTED TO:
Mr. Maaz Ahmed Mansoor
SUBMITTED BY:
Usama Bin Arif
Roll no. BS-IAS-184-F17
Section B
INFORMATION SYSTEMS:
Many organizations work with large amounts of data. Data are basic values or facts and are
organized in a database. Many people think of data as synonymous with information; however,
information actually consists of data that has been organized to help answer questions and to
solve problems. An information system is defined as the software that helps organize and
analyze data. So, the purpose of an information system is to turn raw data into useful information
that can be used for decision making in an organization.
Information system, an integrated set of components for collecting, storing, and processing data
and for providing information, knowledge, and digital products. Business firms and other
organizations rely on information systems to carry out and manage their operations, interact with
their customers and suppliers, and compete in the marketplace. Information systems are used to
run inter organizational supply chains and electronic markets. For instance, corporations use
information systems to process financial accounts, to manage their human resources, and to
reach their potential customers with online promotions. Many major companies are built entirely
around information systems. These include eBay, a largely auction marketplace; Amazon, an
expanding electronic mall and provider of cloud computing services.
As information systems enabled more diverse human activities, they exerted a profound
influence over society. These systems quickened the pace of daily activities, enabled people to
develop and maintain new and often more-rewarding relationships, affected the structure and
mix of organizations, changed the type of products bought, and influenced the nature of work.
Information and knowledge became vital economic resources. Yet, along with new opportunities,
the dependence on information systems brought new threats. Intensive industry innovation and
academic research continually develop new opportunities while aiming to contain the threats.
Components of Information Systems:

The main components of information systems are computer hardware and software,
telecommunications, databases and data warehouses, human resources, and procedures. The
hardware, software, and telecommunications constitute information technology (IT), which is
now ingrained in the operations and management of organizations.
Types Of Information Systems:

1. A Transaction Processing Systems (TPS) is used primarily for record keeping which is
required in any organization to conduct the business.
2. Decision Support System (DSS) serves the management of an organization. A decision
support system has sophisticated data analysis tools, which support and assist all aspects
of problem-specific decision-making. DSS may use data from external sources such as
current stock prices to enhance decision-making.
3. An Executive Information System (EIS) is also called the Executive Support System.
Senior managers of an organization use the EIS. Therefore, it must be easy to use so that
executives can use it without any assistance. EIS can do trend analysis, exception
reporting and have drill-down capabilities. The results are usually presented in a
graphical form tailored to the executive’s information needs.
4. Management Information System (MIS) provides the management routine summary of
basic operations of the organization. The essential services are recorded by the TPS of the
organization and MIS consolidates the data on sales, production etc. MIS provides
routine information to managers and decision makers.
5. A workflow system is a rule-based management system that directs, coordinates and
monitors the execution of an interrelated set of tasks arranged to form a business process.
6. Enterprise Resource Planning (ERP) system is a business process management
software that allows an organization to use a system of integrated programs capable of
managing a company’s vital business operations for an entire multi-site, global
organization.
7. The expert systems have the ability to make suggestions and act like an expert in a
particular field of an organization. An expert system has an extensive knowledge base.

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ASSIGNMENT :

Management Information Systems

Components of Information Systems:

Types Of Information Systems:

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