Management Information System
Information system is a set of processes and resources working together to gather, transform, process and store information useful for decision making and control in the organization. A set of interrelated components that collect, manipulate, store and disseminate data and information and provide a feedback mechanism to meet an objective.
Data consists of raw facts, such as an employee number, total hours worked in a week, inventory part numbers or sales orders. As shown in Table 1.1, several types of data can represent these facts. When facts are arranged in a meaningful manner, they become information. Information is a collection of facts organized so that they have additional value beyond the value of individual facts. For example, sales managers might find that knowing the total monthly sales suits their purpose more than knowing the number of sales for each sales representative. Providing information to customers can also help companies to increase revenues and profits.
|Data |Represented by |
|Alphanumeric data |Numbers, letters and other characters |
|Image data |Graphic images and pictures |
|Audio data |Sound, noise or tones |
|Video data |Moving images or pictures |
Table 1.1
Types of Data
Turning data into information is a process, or a set of logically related tasks performed to achieve a defined outcome. The process of defining relationships among data to create useful information requires knowledge. Knowledge is the awareness and understanding of a set of information and
Data consists of raw facts, such as an employee number, total hours worked in a week, inventory part numbers or sales orders. As shown in Table 1.1, several types of data can represent these facts. When facts are arranged in a meaningful manner, they become information. Information is a collection of facts organized so that they have additional value beyond the value of individual facts. For example, sales managers might find that knowing the total monthly sales suits their purpose more than knowing the number of sales for each sales representative. Providing information to customers can also help companies to increase revenues and profits.
|Data |Represented by |
|Alphanumeric data |Numbers, letters and other characters |
|Image data |Graphic images and pictures |
|Audio data |Sound, noise or tones |
|Video data |Moving images or pictures |
Table 1.1
Types of Data
Turning data into information is a process, or a set of logically related tasks performed to achieve a defined outcome. The process of defining relationships among data to create useful information requires knowledge. Knowledge is the awareness and understanding of a set of information and