The concept of Management Information Systems (MIS) has evolved over a period of time comprising many different facets of the organizational function. MIS is a necessity in all the organizations. The initial concept of MIS was to process the data available in the organization and present it in the form of reports at regular intervals. The system was largely capable of handling the data from collection to processing. It was more impersonal, requiring each individual to pick and choose the processed data and use it for his requirements. This concept was further modified when a distinction was made between data and information. Information is a product of an analysis of data. This concept is similar to a raw material and the finished product. However, data can be analyzed in a number of ways, producing different shades and specifications of the information as a product. It was, therefore, demanded that the Continue reading
Information Systems Management
Uses of Virtual Private Networks (VPN)
A Virtual Private Network (VPN) is a point to point connection that connects a user to a private network in a different location. Basically, VPNs are used to set up a secure connection to the internet. A VPN works by creating a point to point connection from a public wifi connection to a private wifi connection in a business or company building as if you are directly connected to the network. Since the normally accepted definition for a network is fairly common and usually accepted throughout the trade. A network consists of any variety of devices which may communicate through some arbitrary technique. Devices of this nature include computers, printers, and routers will reside in geographically numerous locations. The strategies during which they will communicate are varied, since there are infinite electronic communication specifications, data-link, transport, and application layer protocols. For the needs of simplicity, let’s simply agree that a Continue reading
What is Data-Driven Decision Making (DDDM)?
Data-driven decision making (DDDM) refers to a process of making decisions that are based on data and statistical analysis. This approach is becoming increasingly popular in various industries and organizations, as it allows leaders and managers to make informed decisions based on facts, rather than intuition or personal opinions. DDDM involves collecting and analyzing large amounts of data and using the insights generated to make decisions that are informed by evidence. In other words, DDDM is a systematic and empirical approach to decision making that uses data and statistics to support or reject hypotheses, to draw inferences and to make predictions. The goal of DDDM is to identify patterns, correlations, and trends in data and use that information to make decisions that are likely to lead to better outcomes. The benefits of Data-driven decision making are many and varied. Firstly, it provides a framework for making decisions that are informed Continue reading
The Future of Bitcoin
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer. P2P network-based virtual currency that is traded online and exchanged into currencies. When paired with third-party services, allows users to mine, buy, sell, or accept bitcoins from anywhere in the world. The offer of transactions with relative anonymity is a significant financial power and brings changes to the future payment systems. Transactions are made with no banks interfering, so there are no transaction fees. More merchants are beginning to accept them. Every-one can buy services, goods but also criminals have a way to transfer very their in-come from illicit activities completely anonymously. While Bitcoin developers maintain Web sites providing guidance to the Bitcoin community, they do not have a centralized database or authority. The Future of Bitcoin Bitcoin will never be successful as a currency, Continue reading
What Is Data Strategy?
Data Strategy defines a set of choices and actions that, together, define a high-level course of action to achieve high-level goals. It involves business plans to use knowledge to a competitive advantage to support business objectives. A Data Strategy requires an understanding of the data needs inherent in the Business Strategy. Like many other terms, “data strategy” has several synonyms in data management. They include but are not limited to business data strategy, business data management strategy, information management strategy, business information management strategy, information strategic plan. All these terms refer to the same concept of a single, enterprise plan for the use of organizational data as an essential asset for strategic and operational decision-making. A data strategy defines the approach that the enterprise will take to manage and use its data and information to achieve its business and technology goals and to realize a competitive advantage using this asset. The Continue reading
An Overview of Real-Time Operating Systems (RTOS)
Real-Time Operating Systems (RTOS) are Operating Systems for systems operating in Real Time. These Operating Systems have functions dedicated to detecting and responding to tasks from the real world within their deadlines. Real-Time Operating Systems are systems that are subject to real time limitations and are expected to deliver services within strict time boundaries. The correctness of such systems depends not only on computational output, but also on the instant at which the system produces the output. Real-Time Operating Systems (RTOS) can be generally categorized into soft and hard real time systems. When a deadline is missed in a hard real time system, i.e. a service is not provided at the instant at which it is expected, the result would be catastrophic. Hence, hard real time systems are generally safety or mission critical. Examples of Hard Real Time Systems are, Air Traffic Control Systems, Pace makers for heart patients and Continue reading