Professional Documents
Culture Documents
Assessment Details
Quizzes 25%
End Term 45%
2
Case Analysis Group
Submission
Group no_Title of the case
Group1_Harrah (Strictly follow the
nomenclature)
Put the Names of members along
with Roll No. , section and group no,
and Title of case in first slide
Why to Study MIS ???
Digital Transformation
Cloud Computing
Analytics
AI
Fintech
Blockchain
IoT
4
Continous…
New Age Business Models
Paypal
Swiggy
Zerodha
Startups??
Business are tightly coupled with technology
Core processes are enabled by technology
Analytics is becoming backbone of various
functions: Data driven Marketing , Operations ,
Financial Intelligence
5
Brush up the Basics
Need for IT in organization ?
Internal factors
Need of efficiency
Amount of Data
Processing requirements
External Factors
Competitors
External partners
Interactions
Regulatory Requirements
Data
Data: symbols (Objects)
Data
A “given,” or fact; a number, a
statement, or a picture
Represents something in the real world
data is raw - It simply exists and has no
significance beyond its existence
It does not have meaning of itself.
It can exist in any form, usable or not.
The raw materials in the production of
information
Information
Information: - Processed Data
Data that have meaning within a context
Data in relationships
Data after manipulation
Data that are processed to be useful;
provides answers to "who", "what",
"where", and "when" questions
Information is Subjective
A relational database makes information
from the data stored within it.
Data Manipulation/Processing
Relevant
To context /subject
Complete
Accurate
Timely
Worth its Cost/Just Barely Sufficient
13
Knowledge and Wisdom
Knowledge
is the appropriate collection of information,
such that it's intent is to be useful.
It answers "how" questions
Knowledge is a deterministic process.
Understanding patterns
Wisdom
Understanding principles
Implicit knowledge
Non–deterministic process
14
Characteristics of Good
Information
15
Based on Information, What is it?
I have a box.
The box is 3' wide, 3' deep, and 6' high.
The box is very heavy.
The box has a door on the front of it.
When I open the box it has food in it.
It is colder inside the box than it is outside.
You usually find the box in the kitchen.
There is a smaller compartment inside the box with ice
in it.
When you open the door the light comes on.
When you move this box you usually find lots of dirt
underneath it.
Junk has a real habit of collecting on top of this box. 19
Data, Information, and Systems
What Is a System?
20
Systems & Sub-systems
21
Concept of Information
Technology (IT, technology)
22
Information System
System – Collection of interconnected
objects for any specific goal.
Information system – Any system
which deals with information
Storage
Dissemination
Processing
IT & IS
Information system is possible
without IT?
IT work as enabler
Concept of Information System (IS)
25
Management Information
System (MIS)
MIS
Technology
Process
People
26
Why General Managers Need
to Understand IT
• Amount of investment in IT
28
Ensuring Value for IT
Spending
General managers must manage IT to ensure value for money:
29
IT can Create Competitive
Advantage
• IT can differentiate a product or service
(Federal Express vs.. Indian Postal Service)
31
Examples of IT management
failure : creating business failure
•One Tel
•Craven’s BOOks
32
Some thoughts
IT can create business value
New Business models using IT
IT is constructive v/s destructive
Agility
33
IT Solutions
Plethora of IT Solutions
How to evaluate ?
How to implement ?
How to adopt ?
How to exploit ?
Need for IT in organization ?
Internal factors
Need of efficiency
Amount of Data
Processing requirements
External Factors
Competitors
External partners
Interactions
Regulatory Requirements
Organization Performance