Set of elements that are combined together to achieve a common objective What

Set of elements that are combined together to achieve

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•Set of elements that are combined together to achieve a common objective •What are these elements? Remember IPO •Input, Process & Output –Interdependent & Interrelated •Input –Capturing and assembling elements that enter the system to be processed. E.g.
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Item scanning @ the billing counter, Entering item code •Processing –Conversion, manipulation and analysis of raw inputs. E.g. Calculating employee pay, taxes, payroll deductions, •Output –Distribution of processed information in the report form. E.g. (monthly sales figures, sales trend) 3 What’s new in MIS? •Continual changes in technology •Management use of the technology •Business models and impact on business success •We see old businesses decline, new businesses / industries appear •Successful firms are those that learn how to use the new technologies What’s new in MIS –Tabular View CHANGE BUSINESS IMPACT TECHNOLOGY Cloud Computing platform -a major business area of innovation Flexible collection of computers on internet against corporate computers. Bus. Apps delivered as SaaS Big data Insights from huge volumes of data –new data management tools required Mobile digital platform -compete with PC as a business system iPhones, Tablets, Android devices support collaboration. iPad/Kindle challenge conventional laptops as platforms MANAGEMENT Adoption of online collaboration & social networking s/w to improve coordination, collaboration and knowledge sharing Google apps, sites, MS SharePoint, Lotus etc are used to support blogs, Proj Mgmt., online meetings, online communities Business intelligence applications accelerate Powerful data analytics/interactive dashboards provide rea-time performance information to managers to enhance decision making What’s new in MIS –Tabular View CHANGEBUSINESS IMPACT Business intelligence applications accelerate Powerful data analytics/interactive dashboards provide real-time performance information to managers to enhance decision making
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Virtual meetings proliferate Adoption of telepresence VC, Web conferencing technologies to reduce time, cost while improving collaboration & decision making ORGANIZATIONS Social business Use of n/w platforms like FB, Twitter to deepen interactions with employees, customers and suppliers. Telework gains momentum in the workplace Increase in Work from home due to internet, wireless laptops. 55% of US businesses have some form of remote work program Co-creation of business value Shift from products to solutions/experience, n/w of suppliers and customer collaboration EXERCISE 1
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