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P4- Describe the features and functions of information systems 2

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Describe the features and functions of information systems, showing where it supports the functional areas of an organisation e.g. Marketing, Finance, Human Resources, etc. Present your findings in a table. When you have described the functions and features of information systems, explain which one you would suggest is used in the company and why. Matlin Insurance uses a range of information on a day to day basis. Explain to the company the importance of effectively collecting, processing and transforming data into information.

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Uploaded on
August 18, 2016
Number of pages
3
Written in
2015/2016
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Essay
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Types of Information System
Type Features Benefits Effectiveness Criteria

Accuracy, Sustainability, Response times, Confidence
Management A management information system An information management system An MIS System has to be accurate as it can store the
Information is very useful for a business as it can provide up to 1-1000 users a place information in a logical way such as A-Z and number
System allows controlling of information which means many people can you use order, so when searching for certain files through
passed through which can be the system so it won’t halt work times, system with different tags and has to come up with
internal and external, there are this is because the system is accurate search results so the business can you use
normally tools for managing data. computerised. it otherwise they would have to manually search for
Some of the features are that it can Another benefit is that system is used it which would waste more time.
manage other department’s to store data so it can store it in a The MIS System manages all the other systems so it
efficiently such as marketing, logical way which means finding the has to sustain throughout the use of it. For this the
finance and human resources, this information is easy and quick. company would have to by a stable computerised
way the managers of these There are many other benefits of MIS system so they don’t have to waste money on
departments can get this data System but another main one is that the repairs or upgrading the system.
quickly and easily. system is likely to develop so basically When a business purchases the system it also has to
Management Information system you can make minor improvements to have a fast response time which can improve getting
is also useful for decision making as the system which will allow it to information quicker for the business leading to the
you can input queries into the function better. For example If there them more time making decisions.
information system and can have a were problems with the mechanics such As always the business needs to have confidence in
fast response time because it’s as it cannot produce reports for the system allowing them to link the MIS System to
predetermined. departments fast enough, they can other systems which can make things easier for the
improve this by making sure the data is organisation.
retrieved earlier.
Marketing A marketing information system is There are many benefits of a good Marketing Information System has to be effective in
Information an information system that will marketing system, one of them being its different criteria’s, one of them being accuracy, the
Systems collect and organise marketing very good at keep track of margins and data it collects must be accurate because they will
data such as packaging, promotion profits of different products or services most likely use it and base decisions of it. For
material and pricing. With this data the business sells, with this amazing example if this system predicts other competitors
they can make decisions resulting system in place you can avoid crisis by are making more sales and highering the costs of
in a good outcome and leading the making sure the right product/ service is

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