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Management Information System Finals Reviewer Traditional File Processing

Lesson 6: Foundations of Business Intelligence: • The use of a traditional approach to file


Databases and Information Management processing encourages each functional area in a
corporation to develop specialized applications.
Each application requires a unique data file that is
likely to be a subset of the master file. These
subsets of the master file lead to data redundancy
and inconsistency, processing inflexibility, and
wasted storage resources

What are the problems of managing data resources in


a traditional file environment?
• An effective information system provides users
Data Redundancy and Inconsistency
with accurate, timely, and relevant information.
Accurate information is free of errors. • Data redundancy is the presence of duplicate
Information is timely when it is available to data in multiple data files so that the same data
decision makers when it is needed. Information is are stored in more than one place or location. Data
relevant when it is useful and appropriate for the redundancy occurs when different groups in an
types of work and decisions that require it. organization independently collect the same piece
File Organizations Terms and Concepts of data and store it independently of each other.
• Data redundancy wastes storage resources and
• A computer system organizes data in a hierarchy also leads to data inconsistency, where the same
that starts with bits and bytes and progresses to attribute may have different values.
fields, records, files, and databases. • For example, in instances of the entity COURSE
• A bit represents the smallest unit of data a illustrated in Figure 6.1, the Date may be updated
computer can handle. in some systems but not in others. The same
• A group of bits, called a byte, represents a single attribute, Student_ID, might also have different
character, which can be a letter, a number, or names in different systems throughout the
another symbol. organization. Some systems might use
• A grouping of characters into a word, a group of Student_ID and others might use ID, for example.
words, or a complete number (such as a person’s
Program-Data Dependence
name or age) is called a field.
• A group of related fields, such as the student’s • Program-data dependence refers to the
name, the course taken, the date, and the grade, coupling of data stored in files and the specific
comprises a record; a group of records of the programs required to update and maintain those
same type is called a file. files such that changes in programs require
changes to the data. Every traditional computer
program has to describe the location and nature of
the data with which it works. In a traditional file
environment, any change in a software program
could require a change in the data accessed by
that program. One program might be modified
from a five-digit to a nine-digit ZIP code. If the
original data file were changed from five-digit to
nine-digit ZIP codes, then other programs that
required the five-digit ZIP code would no longer
work properly. Such changes could cost millions
of dollars to implement properly.
Lack of Flexibility Human Resources Database with Multiple Views
• A traditional file system can deliver routine • A single human resources database provides
scheduled reports after extensive programming many different views of data, depending on the
efforts, but it cannot deliver ad hoc reports or information requirements of the user. Illustrated
respond to unanticipated information here are two possible views, one of interest to a
requirements in a timely fashion. The information benefits specialist and one of interest to a member
required by ad hoc requests is somewhere in the of the company's payroll department.
system but may be too expensive to retrieve.
Several programmers might have to work for
weeks to put together the required data items in a
new file.
Poor Security
• Because there is little control or management of
data, access to and dissemination of information
may be out of control. Management might have
no way of knowing who is accessing or even
making changes to the organization’s data.
Lack of Data Sharing and Availability Database Management Systems
• Because pieces of information in different files • A database management system (DBMS) is
and different parts of the organization cannot be software that enables an organization to centralize
related to one another, it is virtually impossible data, manage them efficiently, and provide access
for information to be shared or accessed in a to the stored data by application programs. The
timely manner. Information cannot flow freely DBMS acts as an interface between application
across different functional areas or different parts programs and the physical data files. When the
of the organization. If users find different values application program calls for a data item, such as
for the same piece of information in two different gross pay, the DBMS finds this item in the
systems, they may not want to use these systems database and presents it to the application
because they cannot trust the accuracy of their program. Using traditional data files, the
data. programmer would have to specify the size and
format of each data element used in the program
What are the major capabilities of database
and then tell the computer where they were
management systems (DBMS), and why is a relational
located.
DBMS so powerful?
How a DBMS Solves the Problems of the Traditional
• Database technology cuts through many of the File Environment
problems of traditional file organization. A more
rigorous definition of a database is a collection of • A DBMS reduces data redundancy and
data organized to serve many applications inconsistency by minimizing isolated files in
efficiently by centralizing the data and controlling which the same data are repeated. The DBMS
redundant data. Rather than storing data in may not enable the organization to eliminate data
separate files for each application, data appear to redundancy entirely, but it can help control
users as being stored in only one location. A redundancy. Even if the organization maintains
single database services multiple applications. some redundant data, using a DBMS eliminates
For example, instead of a corporation storing data inconsistency because the DBMS can help
employee data in separate information systems the organization ensure that every occurrence of
and separate files for personnel, payroll, and redundant data has the same values. The DBMS
benefits, the corporation could create a single uncouples programs and data, enabling data to
common human resources database (see Figure stand on their own.
6.3).
Lesson 7: Dashboard Analytics Ensuring Responsiveness
Dashboard Analytics • Design dashboards that are responsive to different
devices (desktop, tablet, mobile).
• Dashboard analytics is the art and science of
transforming raw data into meaningful insights • Test the dashboard on various screen sizes to
through visual representation. Dashboards help in ensure a seamless experience.
monitoring key performance indicators (KPIs), Lesson 8: Evaluating MIS Software and Providers
tracking trends, and making data-driven
decisions. Introduction
Understanding your Audience 1. Selecting the right Management Information
System (MIS) software is crucial for any
• Identify who will be using the dashboard.
organization. It can significantly impact
• Tailor your visuals and insights to meet the
operational efficiency, decision-making
specific needs of your audience.
capabilities, and overall success. However, with
Selecting Key Metrics numerous software options and providers
available, choosing the most suitable one can be
• Determine the critical metrics that align with your
overwhelming. This handout will equip you with
business goals.
the knowledge and tools to evaluate MIS software
• Focus on a few key metrics rather than
overwhelming the dashboard with too much and providers effectively.
information. Key Criteria for Evaluating MIS Software
Choosing the Right Visualizations 1. Functionality: Does the software offer the
• Match the type of visualization to the nature of features and modules needed to meet your
your data (e.g., bar charts, line graphs, pie charts). specific business requirements?
2. Usability: Is the interface user- friendly and
• Use color strategically to highlight important
intuitive for both technical and non- technical
information and trends.
users?
Ensuring Data Accuracy 3. Scalability: Can the software accommodate
future growth and changes in your business
• Double-check your data sources and ensure data needs?
integrity. 4. Integration: Can the software integrate
• Implement validation processes to catch errors seamlessly with your existing systems and
early on. applications?
5. Security: Does the software meet your security
Creating a User-Friendly Layout
requirements and protect sensitive data
• Organize your dashboard logically for easy 6. Support: Does the provider offer comprehensive
navigation. support services, including training,
• Prioritize information based on its importance. troubleshooting, and maintenance?
7. Cost: Is the software within. your budget, and
Implementing Interactivity does it offer a good return on investment?

• Include interactive elements like filters and drill-


down options.
• Allow users to customize their view for a more
personalized experience.
Telling a Story with Data
• Arrange your visuals to tell a coherent and
compelling story.
• Provide context and background information to
guide users through the data.
Evaluation Methods o Weakness: Can be subjective and may
not reflect the overall organizational
1. Vendor Evaluation:
needs
o Research the vendor's
reputation, experience, and customer Developing an Evaluation Plan
satisfaction ratings.
o Request information about the vendor's 1. Define your business requirements and objectives
development roadmap, support for implementing an MIS system.
services, and pricing models. 2. Determine your budget and timeline for the
o Schedule a demo to see the software in evaluation process.
action and ask questions directly to the 3. Identify the stakeholders involved in the
vendor. evaluation and decision-making process.
2. Software Evaluation: 4. Select the most appropriate evaluation methods
o Analyze the software's features and based on your needs and resources.
functionalities in detail. 5. Develop a scoring system to compare different
o Test the software's usability and software options.
performance on your own systems. 6. Document your findings and recommendations
o Compare different software options for the final decision
using a weighted scoring system. Lesson 9: Management Information Systems (MIS) in
3. Benchmarking: Specialized Industries
o Compare the software's performance and
capabilities against industry standards Deep Dive into Industry-Specific Applications:
and best practices.
Healthcare:
o Identify areas where the software excels
or falls short compared to its competitors. • Electronic Health Records (EHRs): Secure
4. User Input: storage and access to patient data, streamlining
o Gather feedback from potential users diagnoses, treatment plans, and communication.
about their needs and preferences. • Telemedicine: Virtual consultations improve
o Involve key stakeholders in the patient access to care, especially in remote areas.
evaluation process to ensure buy-in and • Medical Decision Support Systems
adoption. (MDSS): Data-driven insights assist healthcare
professionals in diagnosis and treatment
Strengths and Weaknesses of Different Evaluation
decisions.
Methods:
• Precision Medicine: Personalized medicine
1. Vendor Evaluation based on individual genetic and biological data.
o Strength: Provides insight into the
vendor's commitment and support Finance:
o Weakness: Can be influenced by sales • Trading Platforms: Real-time financial data
tactics and bias analysis drives informed investment decisions.
2. Software Evaluation • Fraud Detection and Prevention: Advanced
o Strength: Allows for hands-on algorithms identify and mitigate financial crimes.
experience and detailed assessment • Risk Management: Data-driven models assess
o Weakness: Time-consuming and may not and manage financial risks for insurance
reflect real-world conditions companies and banks.
3. Benchmarking
• Blockchain Technology: Secure and transparent
o Strength: Provides objective comparison
financial transactions in areas like cryptocurrency
with industry standards
and crowdfunding.
o Weakness: May not be relevant to your
specific needs and industry
4. User Input
o Strength: Addresses user needs and
preferences directly
Learning Management Systems (LMS) Lesson 10: Future Trends in Management
Information Systems: Embracing the Dawn of
• Online platforms for course delivery, Intelligent Business
assessments, and student engagement
Introduction
Adaptive Learning
• As the world of information technology continues
• Al-powered platforms personalize learning paths to evolve, management information systems
based on individual progress. (MIS) play a crucial role in shaping the future of
businesses and technology. This lesson will
Virtual Reality (VR) and Augmented Reality (AR) explore the emerging trends in MIS, the impact of
AI, automation, and machine learning, and the
• Immersive learning experiences enhance evolving role of the Chief Information Officer
knowledge retention and engagement. (CIO) and IT professionals. We will also discuss
Data Analytics for Educational Insights the importance of lifelong learning in the field of
MIS and reflect on the future relevance of these
• Track student performance, identify systems in the business world.
improvement areas, and personalize learning Emerging Trends in MIS
approaches.
• Artificial Intelligence Advancements: AI is
Navigating the Regulatory Landscape making significant contributions in various
Each industry has specific regulations and compliance industries, including the management of
requirements for MIS practices. You'll explore: information systems. AI can be implemented
using various techniques, such as rule-based
• HIPAA (Healthcare): Protects patient data systems, expert systems, and machine learning, to
privacy and security. automate repetitive or routine tasks and
• FINRA (Finance): Regulates financial streamline workflows.
professionals and firms. • Cloud Computing: Cloud computing is
• FERPA (Education): Protects student privacy in rebounding and continues to be an area in which
educational data. organizations are making significant investments.
It offers a convenient option for data storage and
Understanding these regulations is crucial for
allows businesses to determine levels of access
implementing compliant MIS solutions.
for their team members, providing employees
MIS fosters efficiency and effectiveness in every with appropriate levels of access to do their jobs
sector: no matter where they are
• Healthcare: Improved patient care • Big Data: The term "big data" refers to data that
coordination, reduced medical errors, and is so large, fast, or complex that it's difficult or
optimized resource allocation. impossible to process using traditional methods.
• Finance: Faster transactions, streamlined IT professionals build sophisticated tools, often
financial processes, and better risk management. using artificial intelligence, to examine and
• Education: Personalized learning, improved analyze big data
learning outcomes, and increased student • Virtual and Augmented Reality: These
engagement. technologies have applications in many
industries, including MIS. They can be used to
Career Opportunities Await:
create immersive environments for training,
• Healthcare IT: Develop and implement healthcare collaboration, and decision-making
IT solutions, manage EHRs, and analyze medical
data.
• FinTech: Design and manage financial
applications, build trading platforms, and analyze
financial data.
• EdTech: Develop educational software, manage
LMS platforms, and analyze educational data.
Impact of AI, Automation, and Machine Learning on
MIS
• Data Quality: AI and machine learning
algorithms can be used to automatically classify
and categorize data, identify patterns and
anomalies, and generate reports in real-time. This
can help organizations scale their MIS systems
without adding additional staff or increasing the
workload on existing staff.
• Automation: AI and machine learning can
automate repetitive or routine tasks, such as data
entry, reporting, and scheduling, and free up time
for more complex or creative tasks
• Streamlined Workflows: AI and machine learning
can integrate data from different systems,
platforms, and devices, providing a single source
of truth and facilitating collaboration among
maintenance staff, managers, and stakeholders.
Evolving Role of the CIO and IT Professionals

• Strategic Partnership: CIOs are increasingly


expected to be strategic partners to other C-suite
executives, aligning the plans and operations of
the information systems with the strategic goals
of the organization.
• Tech-Savvy Leadership: As new technologies
emerge and digital transformation accelerates,
CIOs have had to develop skills that go beyond
traditional technology management, such as data
analytics, cloud computing, and artificial
intelligence.
• Lifelong Learning: The rapid pace of
technological advancements requires IT
professionals to continuously update their skills
and knowledge to stay relevant in the field of MIS
Conclusion

• As we look to the future of business and


technology, the role of management information
systems will continue to evolve and adapt to new
trends and technologies. The integration of AI,
automation, and machine learning in MIS will
lead to improved decision-making, streamlined
processes, and enhanced collaboration. The CIO
and IT professionals must remain committed to
lifelong learning and stay ahead of the curve to
ensure the success of their organizations in the
digital age.

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