Management Information System of Pubali Bank

Topics: Information systems, Decision theory, Management information system Pages: 3 (796 words) Published: August 20, 2013
(a) Discuss the challenges and opportunities that business managers face in managing information system and information technologies.

(b) Describe all the components and resources of an information system. Answer

(a)

Management Information System - Information Technology
Management information system or management information services, and pronounced as separate letters, MIS refers broadly to a computer-based system that provides managers with the tools for organizing, evaluating and efficiently running their departments. In order to provide past, present and prediction information, an MIS can include software that helps in decision making, data resources such as databases, the hardware resources of a system, decision support systems, people management and project management applications, and any computerized processes that enable the department to run efficiently. Within companies and large organizations an MIS can include software that helps in decision making, data resources such as databases, the hardware resources of a system, decision support systems, people management and project management applications, and any computerized processes that enable the department to run efficiently. Other names for MIS include IS (Information Services) and IT (Information Technology). Information Technology is the hardware, software and telecommunications used interchangeably. These technologies provide the means to transmit, store and retrieve data, voice and video to anyplace in the world in real time.

Challenges:

1. Workforce downsizing
2. Information overload
3. Employee mistrust
4. Difficult to built
5. Security breaches

Opportunities:

1. Enhanced global competitiveness
2. Capture market opportunities
3. Support corporate strategy
4. Enhance worker productivity
5. Improve quality of goods and services
Information Systems are indispensable to the business, industry, academia and any organization to meet the future...
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