Efficacy of mis and decision-making systems

Reference no: EM13791714

There are many solutions today that can help organizations reduce their need for an in-house MIS for decision making or at least provide better storage solutions. With the amount of data that organizations collect and utilize, they need to consider all of the available options to ensure that the system will perform according to expectations.

Another thing that you need to consider when it comes to MIS and decision-making systems is that when inaccurate or incomplete data is entered, you will get bogus results. This is also known as garbage in, garbage out (GIGO). You need to be sure to review all of the data for accuracy before any decisions are made that will affect the organization. A failure to review could result in analysts making critical decisions based on faulty data.

Research the efficacy of MIS and decision-making systems.

Respond to the following:

With the technology available today, could organizations get to a point where they could let the computers (information systems) generate decisions instead of managers? If yes, do you think you would truly trust the decisions the computer generated? Why or why not?
Cloud computing has come into the marketplace over the past few years. What are some advantages of using a cloud-based solution? Would this be something your past or current organization could utilize? Why or why not?
You have learned that the data utilized should align with the outcomes for which the business is striving. What if the data does not align with the business outcomes? What potential issues could this cause in terms of making an informed decision? Explain.
You have examined making informed decisions based on the data with the information system. Once an organization starts utilizing an information system or decision-making system, can that organization become dependent upon it for all the answers? If the systems go down, will the organization still be able to make decisions or will everything be put on hold? Explain your answer using examples to illustrate your ideas.

Write your initial response in 300-500 words. Apply APA standards to citation of sources.

Reference no: EM13791714

Questions Cloud

What are the equilibrium quantity and equilibrium price : What are the equilibrium quantity and equilibrium price - how much consumer surplus exists in this market?

Perform an online search for a company : As we learned within this module, the primary market is where a company first sells its stock to the general public. Perform an online search for a company that had its initial public offering (IPO) of stock within the last year and analyze its st..

Compute conversion costs : In order to be useful to managers, management accounting reports should possess all of the following characteristics EXCEPT: The cost of a manufactured product generally consists of which of the following costs? Compute conversion costs given the fol..

Managing ethical risk in the oil and gas industry : Compare the risk that BP , EXXON and the tracking industry continue to face in providing an adequate supply of energy?

Efficacy of mis and decision-making systems : Research the efficacy of MIS and decision-making systems.

Two categories of cost comprising prime costs : For which of the following businesses would a process cost system be appropriate? The two categories of cost comprising conversion costs are: The two categories of cost comprising Prime costs are:

Which is not considered a legitimate type of claim : Which of the following is NOT considered a legitimate type of claim? Which of the following considerations is NOT an important question to ask when choosing a database?

Current organization or a hypothetical organization : Assume you are evaluating vendors providing cloud-based solutions for your current organization or a hypothetical organization. Complete the following:

Properly classified as part of factory overhead : Which of the following items are properly classified as part of Factory Overhead for Ford Motor Company?

User Account

All Pages