Professional Documents
Culture Documents
19MBA511A
Course Title: Management Information
Systems
Course Leader:
Ms. Savitha Kulkarni
Email: savitha.ms.mc@msruas.ac.in
Interpretation
Data Information
Data on its own has no meaning, only when interpreted by some kind of data
processing system does it take on meaning and become information
6
Faculty
©M. S. of Management
Management
Ramaiah andof
and
University Commerce
Commerce
Applied Sciences ©©Ramaiah
RamaiahUniversity
UniversityofofApplied
AppliedSciences
Sciences
Data versus
Information
Monthly Sales
Report for West
Region
• Information is critical
• Improves representation of an
entity
• Updates the level of knowledge
• Reduces uncertainty
• Aids in decision-making
10
Faculty of Management and Commerce © Ramaiah University of Applied Sciences
Types of
Information
• Strategic information
• Tactical information
• Operational information
• Statutory information
• Accounting
• Finance
• Marketing
• Production
• Other functions
• Time-based competition
• Turbulent environment
• Flattening
• Decentralization
• Flexibility
• Location independence
• Empowerment
20
•
Faculty of Management and Commerce © Ramaiah University of Applied Sciences
Summary