software for some years to help them gain competitive advantage. With the introduction of cheaper and more generalized products to the market place BI is now in the reach of smaller and medium sized companies. Defining business intelligence “Business intelligence is the process of gathering high-quality and meaningful information about the subject matter being researched that will help the individual(s) analyzing the information‚ draws conclusions or make assumptions.” An ideal BI system gives an
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Assignment Introduction: The following assignment explores the importance of using information to inform and support strategic decision making to achieve organisational goals and objectives as set out by unit learning outcomes (LO) pertaining to this unit 7004. These four learning outcomes are to: LO1: Be able to understand the impact of management information on decision making; LO2: Be able to understand the importance of information sharing within the organisation; LO3: Be able use information to inform
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or quantitative Q2: What is information? Give example. Ans2: Information is data that has been given meaning by way of relational connection. Example - knowledge; facts; data; details Q3: What is knowledge? Give example Ans3: When information is packaged or used for understanding or doing something‚ it is known as knowledge. Example - Specific information about something Q4: What is IT? Give example Ans4: Information Technology (IT) is the branch of engineering
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Fe F. Advincula COMM101 12 March 2013 Information Technology Training and Employment: Information technology (also referred to as IT) is the application of computers and telecommunications equipment to store‚ retrieve‚ transmit and manipulate data‚ often in the context of a business or other enterprise. The term is commonly used as a synonym for computers and computer networks‚ but it also encompasses other information distribution technologies such as television and telephones. Several industries are
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ASSIGNMENT - 1 DEFINE MANAGEMENT INFORMATION SYSTEM? DISCUSS ITS OBJECTIVES. Definition: Organized approach to the study of information needs of a management at every level in making operational‚ tactical‚ and strategic decisions. Its objective is to design and implement man-machine procedures‚ processes‚ and routines that provide suitably detailed reports in an accurate‚ consistent‚ and timely manner. Modern‚ computerized systems continuously gather relevant data‚ both from inside and outside
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MANAGEMENT INFORMATION SYSTEM DEFINED The scope and purpose of MIS is better understood if each part of the term is defined. Thus‚ Management:-It has been defined in a variety of ways‚ but for our purposes it comprises the processes of activities that describe what managers do in their organization‚ plan‚ organize‚ initiate‚ and control operations. They plan by setting strategies and goals and selecting the best course of action to achieve the plan. They organize
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1) Define Information Technology. Describe various types of information systems. Is Information Technology as vital to modern global business as money? Why or why not? Discuss some trends in IT development. Ans: In order to define Information Technology‚ let me define the term information first. By the term "information" we mean data that has been shaped into meaningful form that is useful to human beings. Data‚ in contrast‚ are streams of raw facts representing events occurring in the organization
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INTRODUCTION: For over a decade‚ the rapid advancement in information and communication technology has significantly affected the banking industry. The banking sector has embraced the use of technology to serve its client’s faster and also to do more with less. Emerging technologies have changed the banking industry from paper and branch based banks to “digitized and networked banking services”. Unlike before‚ broadband internet is cheap and it makes the transfer of data easy and first. Technology
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Business Processes and Information Systems of ODEL Management Information System UNITE CODE-O52 [pic] BY: Mohamed Kathafi Eyahudeen ID NO: 12222 UNIT LEADER: George 1. Introduction From a very simple beginning to a grand success story‚ ODEL has changed the clothing retailing business in Sri Lanka with leaps and bounds. ODEL offers not just clothing solutions for its millions of customers spread across borders‚ but a change in life style and a memorable shopping experience.
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Introduction The organization we have selected is world famous retail giant TESCO. TESCO is a British based company working in general merchandising and retail business. Its profit exceeds three billion pound a year and it is the third largest retailer in the world. Tesco expend their business in the world. It’s has stores in 14 counties across Asia‚ Europe and North America. Tesco’s stores are divided into four main formats. These are Tesco Extra‚ Tesco Supermarkets‚ Tesco Metro and Tesco
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