Management Information systems (MIS) is deemed to be the most important business class in this current time period. The growing technological advancements over the years are made plausible through Moore’s Law which implies that “the cost of data communications and data storage is essentially zero.” One of the major skills emphasized in Ch.1 that is a necessary and beneficial skill to attain for job security is “a marketable skill.” The components involved in this marketable skill are: abstract reasoning, systems thinking, collaboration, and experimentation. You need abstract reasoning in constructing a model to a potential client. In systems thinking, you will need to think outside the box, consider possible alternatives in different circumstances while taking an in-depth perspective of a certain product and looking into the ins and outs of a system. Collaboration is a very essential skill to use when dealing with other business professionals, able to collaborate with your CEO and provide even him/her with feedback can lead to a better working relationship. The ability to experiment on your ideas that do have promise help you learn from your mistakes and leaves your imagination open to new possibilities.
MIS is defined as the development and use of information systems that help businesses achieve their goals and objectives. The 3 key elements to MIS are; development and use, information systems, and business goals and objectives. The 5 component framework illustrates an information system which is comprised of hardware, software, data, procedures and people.
Hardware is Computer, storage disk, keyboard and monitor
Software is Word, etc.
Data is Words, sentences, paragraphs
Procedures is Means you use to start the program, from entering your report, to printing and saving it.
Even if your major is not MIS, you still have to play a vigorous role in creating an information system based on your specific needs. All the business aspects, from requirements to social networking, to customer response and design all depends on you.
An important point not be mistaken is that the business goals and objectives are not achieved by the business itself, it is the people within a business who buy, sell, design, produce, etc. that carry out the business goals and fulfill them. Every business should create an information system for the right reasons and which is the most beneficial action for that particular business.
There are 5 types of information which are: Accurate, timely, relevant, just barely sufficient, and worth its cost. All Information is not equal. Depending on the situation, you need to figure out what information is relevant and essential to what you’re task is.
Information technology defers from Information systems where technology is referring to the products, methods, inventions, and standards that are used for the purpose of producing information. It is the hardware, software and data components and an information system is an “assembly” of the hardware, software, data, etc. You can’t buy an information system, but you can buy information technology. A professor that is provided with the hardware to create a website that contains powerpoints, the syllabus and rules, he/she is responsible for the information system within and needs to explain and teach the information to his/her students.
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