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Chapter 4
Chapter 4
MIS
(i) Ability to process data into information with accuracy
and high speed. It involves complex computation,
analysis, comparisons and summarization.
(ii) Organizing and updating of huge amount of raw data
of related and unrelated nature, derived from internal and
external sources at different periods of time.
(iii) The information processing and computer
technology have been so advanced that managers are
able to obtain real time information about ongoing
activities and events without any waiting period.
(iv)The input data in computer can be converted into
different output formats for a variety of purpose. The
system is so organized that managers at different levels
and in different activity units are in a position to obtain
information in whatever form they want, provided that
relevant “Programs” or instructions have been designed
for the purpose.
(v) Super-human memory, tremendous volume of data
and information and the set of instructions can be stored
in the computer and can be retrieved as and when
needed. Management can get bit of stored information
from the computer in seconds.
ADVANTAGES OF COMPUTER