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Management Information Systems(MIS) is the Information TechnologyFILLER TEXTwhich enables business intelligence and operations. MIS is not limited to computing but includes people, products, and processes. MIS might be considered a strategic vision for how raw data can become real knowledge. While no business can rely solely on MIS for their success in the marketplace, the most successful companies in the world such as Amazon and Google have capitalized on this capability.
Because MIS is able to transform raw data into knowledge, managers at all levels of business are able to leverage this critical information for decision making and planning. Information systems are constantly collecting and storing data. Companies that deploy MIS are able to capture and capitalize on this data-capture.
MIS is also used as a competitor analysis tool allowing your business to compare consumer trends based upon real-time and stored data points.
The MIS model continues to be dynamic and adaptable, however, for the purpose of conceptual understanding we will consider two views or approaches of MIS:
Operational:
Day-to-day business processing system support functions for activities and performance.
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Using the MIS model, each functional or organizational area of business has specific IT requirements. Each functional area must be integrated. Financial databases must be able to access, read and write data in the logistics functional sub-system. MIS systems cannot be stove-piped! Each system and sub-system should be interoperable and integrated in order to be efficient and sustainable.
Key Goals and Objectives:
It is imperative that businesses fully implement and integrate MIS into the overall strategic business strategy. MIS is much more about people and leadership then it is about automation. MIS is a strategic capability that when properly implemented makes business more efficient!
The reliability and resilience of IT systems have never been more essential for success as businesses cope with the forces of globalization, 24/7 operations, government and trade regulations, global recession, and overextended IT budgets and resources. Any unexpected downtime in today’s business environment has the potential to cause both short and long-term costs with far-reaching consequences. In conjunction with building redundant and reliable information systems, disaster recovery is the strategy that enables full recovery from catastrophic outages.
Disaster recovery planning should be built into the Business Continuity Plan.Disaster recovery provides the immediate reaction to system outages by providing redundant systems, policies, procedures andpersonnel to resume MIS as quickly as possible and with limited impact to business operations. Given the reliability of information systems in the context of E-Business, disaster recovery is the primary component of any business continuity plan!
Any outage to the MIS that impacts business continuity falls within the scope of disaster recovery. Impacts from the weather, electrical outages, floods, fires, etc., are all examples of external disasters that can disrupt MIS. Outages can also be caused by human error such as configuration updates that do not perform as planned. There are adversarial threats, both internal and external, in which our information systems are subject to exploitation via hacking. MIS outages or disasters are critically important to the long-term survival of any business.
Although natural disasters may appear to be the most devastating causes of MIS outages, they are hardly the most frequent or most expensive. Costs of downtime are not only associated with lost revenues, but also with financial performance, damage to reputations, and even travel or legal expenses. A few questions managers should ask when determining the cost of downtime are:
Disaster recovery can be quite expensive to plan for which is why outsourcing MIS or leveraging cloud-technology is an attractive alternative. Disaster recovery entails the availability of a full replication of a company’s existing data and services to an alternative and geographically separate location. In order for this model to be most effective, data must be regularly replicated or backed up to the DR site. There are three general categories or types of DR sites: hot sites, warm sites, and cold sites.
FILLER TEXT. Disaster recovery is not just to protect against weather events such as hurricanes but includes any unexpected outage that impacts business operations. The risk of not developing a DR plan can be insurmountable or irrecoverable for a small company. Develop the DR plan, keep it up-to-date and train.
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