INFOMATION: MANAGEMENT STARTEGIC ADVANTAGE

INFORMATION: MANAGEMENT STRATEGIC ADVANTAGE

I strongly agree that information is totally accessible in just a click. The field of computers and information processing have everything that deals directly with the computer assisted flow of information. The scope of the field includes everything from word processing to industrial robots to supercomputers to management information systems. ( MIS- pronounced as em eye es)







~TECHNOLOGY + PROGRAM = COMPUTER ASSISTED FLOW OF INFORMATION

COMPUTER ASSISTED FLOW OF INFORMATION, means everything from word processing to industrial robots to supercomputers to MIS




IMPACT OF “MIS”

-According to JOHN NAISBITT “The new source of power is not money in the hands of few, but information kn the hands of many”.

-BEFORE: Computers have always produce information but only a selected few people have access to a limited amount of information.
-TODAY: Timely information can be made available and readily accessible to those who need it.

TWO MAJOR CONTRIBUTIONS TO THE EMERGENCE OF “MIS”

1. the improved price/ performance of computers.

2.the availability of user- oriented software.

DATA Vs INFORMATION

-DATA-it consists of facts and figures that are relatively meaningless to the user, raw materials from which info is derived.

-INFORMATION-processed data, a collection of data that was collected and process into a meaningful form.

-WE USE DATA TO PRODUCE INFORMATION THAT WILL HELP US MAKESOUND DECISIONS.
QUALITIES OF INFORMATION
-ACCURACY- information is free from errors
-VERIFIABILITY- garbage in, garbage out (GIGO)
-COMPLETENESS-information is free from omissions
-TIMELINESS- time sensitivity
-RELEVANCE- appropriateness



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