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Data/Information Systems - Coggle Diagram
Data/Information Systems
Business Information Systems
Gathers information from all around the business such as inventory information, employee work time, amount of visitors, or any other relevant metric. After gathering these details it will be able to analyse and present this information in a meaningful way.
Customer Relationship Manager
Mainly used for interaction between the company and the customers. This could be to supply support to the user or to keep them updated with the most recent deals. A CRM is also responsible for analysing customer information and presenting it.
Financial Planning and Analysis
This gathers and analyses all the financial information for a company. This could be analysing transactions for a specific thing or over looking the entire business. It would allow the business owner to make financial decisions for investment, planning, efficiency and profitability.
Management Information Systems
Used to support tactical and strategic decision making.
Uses a range of information systems:
Information reporting systems
Descision support systems
Executive information systems
Benefits
All decisions are based on facts that have been primarily gathered by the organisation
Reports can be generated periodically at a set interval.
You get instant feedback on data provided
Downsides
Needs accurate information to be reliable
Needs a large data set
Needs relevant information