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Executive Information System
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Introduction As globalization process is going nowadays businesses are facing with really sophisticated structure of competition. In order to run their business smoothly without any problem, business people are using different types of information systems and information technologies. Such as EIS, MIS, DSS and ES, there can be some misunderstanding in this in what way they are beneficial for us. Executive Information System Executive Information Systems attempt to give top executives an easy way to get the critical information they want, when they want it, tailored to the formats they prefer. Advantages of EIS are it’s easy for upper level executive to use, ability to analyze trends, augmentation of managers' leadership capabilities, enhance personal thinking and decision making, contribution to strategic control flexibility, enhance organizational competitiveness in the market place, instruments of change, enlarged executive time horizons, better reporting system, improved mental model of business executive, help improve consensus building and communication, improve office automation, reduce time for finding information, early identification of company performance, detail examination of critical success factor, better understanding, time management, increased communication capacity and quality. Features of Executive Information System Examples. 1) Project Portfolio Dashboard. Organize a dashboard for one project or a complete project portfolio. 2) The name of the software system DaSystem. Suppose, CIO of an organization needs to envision the how much money was spent by departments within the third quarter. Drilling down the ESS in his pc, he discovers exceptions or anomalies. Management information Syst... ... middle of paper ... ...ion of maps, which is able to be 3D, and can contain increased Reality, like our CityLens app." “I met with Hellmis at businessparty Mobile World Congress -- wherever the Nokia X line-up is creating its initiative -- to speak the longer term of Nokia, each the sunny shining way forward for next-generation technology and therefore the comparatively a lot of persuasive way forward for Nokia's dramatic split at the hands of Microsoft.” Not solely a carwill recognize wherever it's and wherever it's going, however it'll take you there too. Hellmis believes that maps area unit essential for self-driving cars, that trust on precise sensors and high-quality map component to travel wherever they have to. A world of cars that drive away and park themselves is "not too faraway...we have already got park assist, if you're taking your hands off, the automobile parks itself“.
A system integrated approach would improve the business process and hence enable the different functions to share information. It was clearly identified that the ERP deployment would benefit the company through all these elements. In the case, benefits of ERP adoption were not quantified but improved cost and better pricing strategy were discussed to justify the ERP project financially. It can be interpreted that ERP, leading to improved cost analysis, cost control, less redundancy, optimized production and better pricing, would result in low costs and hence higher profit for the company. Financial justification for the ERP adoption can also be inferred through the fact that it would lead to resolution of several problems which the company faces
The term autonomous refers to the capability of acting independently, or having the freedom to do so. A self-driving car is an autonomous car, which has the ability to sense its environment and navigating without any human operations. These types of cars are built to make safe and smart decisions on the road. In the past years, automobile companies have begun to introduce advanced driver assistance systems that are capable of parking, switching lanes, and braking in case of an emergency on their own, without the driver’s assistance. Automated vehicles are capable of maneuvering through street traffic, as well as other natural and man-made obstacles along the way. Therefore, this technology might completely change the methods of transportation.
Asemi observe that Management Information System (MIS) is one of the information systems that is computer based. Besides, Asemi defines MIS as “an organizational method of providing past, present and project information related to internal operations and external intelligences. It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (2011). The aim of MIS is to satisfy the general information need of the entire manager in an organization. Before the advent of computers, the process of decision-making was one that was full of built-in advantages and ad hoc methods. Computers technologies have changed the landscape of the decision-making process completely by making the process less demanding and easy to undertake. The reason for this situation is that information technology has made access to information more automated, efficient, effective, timely, and less ambiguous. Consequently, the ordinary t...
In the business world today, technology is becoming an essential staple. Every big business relies on it one way or another. More importantly than just technology itself, the use of management information systems is what guides a company in terms of catering to its customers and knowing what moves to make next. Management information systems (MIS) can be defined is the study of people, technology, and organizations (What is MIS?). However, that is a very general definition because there is a lot more that comes out of the use of these MIS systems.
In 2010, Google broadcasted that they created an archetype of a car that can drive itself; its purpose, to avert collisions, allow citizens more time, and cut down on harmful pollutants that vehicles produce (Poczter & Jankovic, 2014). The heart of the self-driving automobile is lasers that are mounted on the roof of a modified Toyota Prius that produces a precise three-dimensional atlas of the area surrounding the car. Furthermore, the automobile is outfitted with four radars, and another laser around the vehicle that allows it to precisely create a 3-D map of its surroundings (Poczter & Jankovic, 2014). The vehicle calculates the laser dimensions with high-resolution maps of the globe, which allows it to drive itself without human intervention, while evading obstacles and obeying traffic laws (How Google’s self-Driving Car Works, 2011).
Information technology is part of every corner in any organization. Employees use electronic mail, (VOIP) telephone systems to communicate. Electronic data interchange (EDI) is used to send out and receive data including orders and payments from one company to another. Servers process information and store large amounts of data. Desktop computers, laptops, and wireless devices are used to create
Today, Nokia is the world leader in mobile communications. The company generates sales of more than $27 billion in a total of 130 countries and employs more than 60,000 people. Its simple mission: to "connect people."
Technology is evolving faster than ever these days, however there is one technology that could revolutionize the transportation industry. This technology is called autonomous cars, also known as self-driving cars. Autonomous cars can be defined as a vehicle that is capable of sensing its environment, and navigating without human input. Using different techniques such as GPS and radar, autonomous cars can detect surroundings, thus removing the human element in driving. This would have a positive effect in more ways than we could ever imagine. Research suggests that self-driving cars will become more abundant in the future because they will be more cost-effective, enhance safety, and decrease traffic congestion.
ERP (enterprise resource planning) is an interactive system which compiles various data in order to help optimize the resources. In terms of implementing between production and sale, SAP also helps all of the department collaborate each other in favor of controlling and tracking of resources . There are two types of data usages: decentralized and centralized. They normally structuralize data at central location shared with various departments. From old system using the decentralized system, those effects have pointed out the drawbacks which are disparate information generated individually over time, integrating the information becomes more time and money consuming. The updating data are made inconsistently or made mistakes in data entries. As a consequence, all above reason can lead to lack of timely information causing the reluctance for customer services as well as the total revenue and reputation. Following this position, according to Fawzy S and Mohamed AY 1998, Dr Henning emphasizes about SAP benefit which all of the sections can access to the all resources’ data rather than relying on separating systems for each department or functional area which possibly may not interface with each other. Therefore, all data will be recorded correctly and effectively and particularly in sale, finance, material management and human management functions. Apparently, There is top 5 software to strive the efficiency of management ‘s system beside of SAP such as Epicor, Infor, Microsoft Dynamics and Oracle which has tied up around more than 50% of market share and SAP also has the highest proportion in market at roughly 24% ( Panorama, 2012 )
is not very helpful as it not easy to use and take time to understand.
Maintaining separate systems to manage date can be redundant and costly. ERP software is considered vital tool for organizational excellence because it integrates and streamlines data flow, enables direct access to real-time operating statistics, and enables precise transactions (Shaul & Tauber, 2013). Fragmented organizations can have more confusion and conflict. Studies show that ERP system adoptions allow managers more flexibility to manage earnings and their earnings release dates. ERP systems have also been shown to potentially increase the likelihood of financial statement management (Brazel & Dang, 2008).
By the end of 2003, Nokia was the clear market leader in the mobile phone industry in terms of sales and profitability. It was ahead of giant companies like Motorola, Ericsson, Siemens, Samsung, and other worthy competitors. Since the early 1990s, Nokia's Strategic Intent was to build distinctive competency in product innovation, rapid response, and global brand management. Its strategic intent required rapid growth in the core businesses of mobile phones and telecommunications networks. This goal was achieved by Nokia's development of new products and expansion into new markets. In order to become the global leader as it is today, the company had overcome numerous challenges and obstacles over the last decade.
The last decade can be marked as a period of significant changes in the business world. Being accustomed to utilize computers as a powerful tool with its office applications such as Microsoft Word and Excel. In the 1990s office workers first faced the opportunity to share information using the Internet (McNurlin, 2009). However, the situation became even more different with the transition to the third millennium. With a further development of information technologies, the majority of big enterprises had to reconstitute their business processes and to make the transition to the Internet economy. Enterprise resource planning (ERP), supply-chain management (SCM), customer relationship management (CRM) software and the variety of other information systems became essential components of the new economy. It can be expected, that all these complex solutions were designed to bring great benefits for different sides of the corporate activity, in particular, decisions made by top-managers are expected to become nearer to the ideal, customer service is to be improved and collaboration more prolific. Nevertheless, to ensure the desired results it should be taken into account that the key concept of these reorganizations is an information or a data, dealing with which can be a serious issue, and wide utilizing of the data warehouses in contemporary organizations confirms this fact.
... smartphone. The company has improved increasingly because the combination with the Nokia company. Away to insure that the company can stay on top is to increase the innovations to their devices. Nokia was once a mobile telephone powerhouse, but has struggled since smartphones hit the market. As part of Microsoft, it will have better footing to compete there, however Ballmer noted that Nokia remains a leader in non-smart with phones sold in developing regions. The company’s ultimate goal is growth for the platform. After years trying to regain relevance in the mobile industry, Microsoft’s Windows Phone operating system narrowly nudged ahead of theird-place BlackBerry in global smartphone shipments, now sitting somewhere in the neighborhood of five percent globally. In the end Microsoft has accomplished their goal as a company and plans to stay there for a while.
Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows: