In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Tuesday, August 5, 2014

Executive Information Systems

Executive Information Systems are designed to generate information that is abstract enough to present the whole company operation in a simplified version to satisfy senior management.

The advent of Executive Information Systems in the late 70s and early 80s promised to provide support for executives, with little computing skills required of users.

Factors which have led to the evolution of Executive Information Systems, include: *The need to reduce the large corps of middles managers
*Progress in computer technology to the point where computerized information systems than can support the decision making requirements of upper level managers are now possible
*The increased computer literacy of corporate executives today
*The increased complexity of decision making in today’s global economy

Most Executive Information Systems have highly interactive graphical user interfaces GUIs. The typical Executive Information Systems presents output using text, graphics and color; has multiple presentation formats and can be tailored and customized for each executive.

Using Executive Information Systems, CEO, senior and executive vice president and board of directors can track the performance of their company and its various units to assess the business environment and to develop strategic directions for the company’s future.

The system is normally connected with online information services, so that top executive could access data whenever they require for the same.

The use of Executive Information Systems by executive provides several benefits for them.
*Increases the quality of decision-making
*Provides a competitive advantage
*More comprehensive analysis
*Greater confidence
*Improved service by speeding up of the flow of information
Executive Information Systems

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