Most of us are clear with the fact that MIS (Management Information Systems) refers to the structure in which computer systems supply managers with information. This information, concerning the business’ operations, is then used in various decision-making processes towards the company. In the past few decades, however, accompanying the advancement of new technologies has been the emergence of an unusual, but ever-present problem within this structure. Bob Clemen of Duke University put it this way: “Our ability to acquire data has greatly outstripped our ability to analyze it in a productive way.”
In other words: with so much information at our fingertips, what do we do with all of it? Equipped with tools such as search engines and Key Performance Indicators, MIS often has difficulty extracting the relevant data needed to apply to decision-making processes. In my eyes, the solution seems rather obvious: simply work backwards. Identify what decisions need to be made, determine what data is needed in order to make the informed decisions, and only then should a company actually look to uncover this information. Using this method, I believe, would eliminate the spillover information that, on its own looks to contain value, but juxtaposed next to the issue at hand, is largely meaningless.
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References:
http://www.entrepreneur.com/article/173412
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