Management Information System
1. What is the relationship between management information system and information technology? Management Information Systems (MIS) is the study of people, technology, organizations and the relationships among them. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. Business intelligence (BI) is collective information about your customers, your competitors, your business partners, your competitors, your business partners, your competitive environment, and your own internal operations that gives you the ability to make effective, important, and often strategic decisions (Haag & Cummings, 2011). Management Information Systems is a broad business function and the study of the use of IT and IT is a set of tools and a resource within management information systems. Management Information Systems (MIS) and Information Technology (IT) are all involves computers and the manipulation of information. Computers are relied upon to handle the massive amounts of information that needs to be disbursed, maintained and managed quickly and efficiently
2. What are some relationships among data, information, business intelligence (BI), and knowledge? Data are raw facts that describe a particular phenomenon such as the current temperature, the price of a movie rental, or your age. Information is data that have a particular meaning within a specific context. Business intelligence is collective information about your customers, your competitors, your business partners, your competitive environment and your own internal operations (Haag & Cummings, 2011). The relationships among data, information, business intelligence (BI), and knowledge are each build on the previous. Data are raw facts, while information is data that has meaning. Business intelligence is collective information that gives you the ability to make strategic business decision. Finally, organizational know-how. The difference, and
2. What are some relationships among data, information, business intelligence (BI), and knowledge? Data are raw facts that describe a particular phenomenon such as the current temperature, the price of a movie rental, or your age. Information is data that have a particular meaning within a specific context. Business intelligence is collective information about your customers, your competitors, your business partners, your competitive environment and your own internal operations (Haag & Cummings, 2011). The relationships among data, information, business intelligence (BI), and knowledge are each build on the previous. Data are raw facts, while information is data that has meaning. Business intelligence is collective information that gives you the ability to make strategic business decision. Finally, organizational know-how. The difference, and