Before the widespread use of computers, many organizations found difficulties in gathering, storing, organizing and distributing large amounts of data and information. Developments in computer technology made possible for managers to select the information they require, in the form best suited for their needs and in time they want.
“A system to convert data from internal and external sources into information and communicate that information in an appropriate form, to managers at all levels in all functions to enable them to make timely and effective decisions for planning, directing and controlling the activities for which they are responsible.”(Bee and Bee, 1999)
Right Information
To the right person
At the right place
At the right time
In the right form
At the right cost
The three sub-components M anagement, Information and System - together bring out the focus clearly & effectively System emphasizing a fair degree of integration and a holistic view; Information stressing on processed data in the context in which it is used by end users; Management focusing on the ultimate use of such information systems for managerial decision making.