As a consumer, you have instant access to millions of pieces of data. With a few clicks of the mouse button, you can find anything from current stock prices and video clips of current movies. You can get product descriptions, pictures, and prices from thousands of companies across India and around the world. Trying to sell services and products?
You can purchase demographic, economic, consumer buying pattern, and market analysis data. Your firm will have internal financial, marketing, production and employee data for past years. This tremendous amount of data provides opportunities to managers and consumers who know to obtain it and analyze it to make better decisions.
The speed with which Information Technology (IT)and information Systems (IS) are changing our lives is amazing. Only 50 years ago communication was almost limited to the telephone, the first word processors came out in the mid-sixties and the fax entered our offices in the 1970s. Today information systems are everywhere; from supermarkets to airline reservations, libraries and banking operations, they have become part of our daily lives.
Education of Management Information System
IS) has evolved over a period of time comprising many different facets of the organisational function. MIS is a necessity of the organisations. The initial concept of MIS was to process data from the organisations and present it in the for of reports at regular intervals. The system was largely capable of handling the data from collection to processing. It was more impersonal, requiring each individual to pick and choose the processed data and use it for his requirements.
This concept was further modified when a distinction was made between data and information. The information is a product of an analysis of data. This concept is similar to a raw material and the finished product. What are needed are information and not a mass of data. However, the data can be analyzed in a number of ways, producing different shades and specifications of the information as a product. It was, therefore, demanded that the system concept be an individual-oriented, as each individual may have a different orientation.
Towards the information this was concept was further modified, that the system should present information in such a form and format that it create an impact on its user, provoking a decision or an investigation.
The MIS is a product of a multi-disciplinary approach to the business management. It is a product which needs to be kept under a constant review and modification to meet the corporate needs of the information. It is prescribed product design for the organisation. The MIS differs since the people in two organisations involved in the same business. The MIS is for the people in the organisation. The MIS model may be the same but it differs greatly in the contents.
Business Management Process in Education
The MIS, therefore, is a dynamic concept subject to change, time and again, with a change in the business management process. It continuously interacts with the internal and the external environment of the business and provides a corrective mechanism in the system so that the change needs of information are with effectively. The MIS, therefore, is a dynamic design, the primary objective of which is to the information the information for decision making and it is developed considering the organisational fabric, giving due regard to the people in the organisational the management functionsand the managerial and the managerial control.