Executive Information System or Executive Support System

This tutorial on Executive Information System gives you a brief introduction to one of the important ERP Technology.

This tutorial covers the following topics:
1. What is EIS?
2. History
3. Why EIS?
4. Features
5. Components
6. Hardware, Software, User Interface
7. Limitations
8. Future of EIS

Additional Notes:
Application Notes-
1. Manufacturing operational control focuses on day-to-day operations, and the central idea of this process is effectiveness and efficiency.
2. Marketing
In an organization, marketing executives’ duty is managing available marketing resources to create a more effective future. For this, they need make judgments about risk and uncertainty of a project and its impact on the company in short term and long term.
3. In an organization, marketing executives’ duty is managing available marketing resources to create a more effective future. For this, they need make judgments about risk and uncertainty of a project and its impact on the company in short term and long term.

Keine Notizen für die Folie

A decision support system (DSS) is a computerized information system used to support decision-making in an organization or a business. Tell the DSS difference. One vs several and plane example.

An EIS is also referred to as Executive Support Systems, or ESS.

An EIS is not only for the CEO but for any senior manager or executive making strategic decisions. Senior management is responsible for a number of different tasks within an organization, including defining an overall vision, strategic planning, strategic organizing and staffing, strategic control and crisis management. An EIS is designed to support these various activities.

Let's say you are the Chief Executive Officer of a large company. You have 35 locations in 12 countries with 20,000 employees. How do you keep track of everything that is going on in the company? In order for you to be an effective leader, what information are you going to need? You don't have the whole day to read through dozens of reports or listen to a series of presentations. What you need is an Executive Information System.

Monitor Performance
Forecast
Spot and analyse performance
Track Competitors activities
Identify opportunities

Cambridge : Investement Plan in the ministry of transportation in Canada
Meditech: selling information systems for health care organizations.
GE executives mission critical information on a real-time basis
The Punjab gov installed EIS in 2004 in all its office for better connectivity and speedy disposable of all its work. It saved them
Enormus time to collect, compile and communicate information.

When talking about computer hardware for an EIS environment, we should focus on the hardware that meets the executive’s needs. The executive must be put first and the executive’s needs must be defined before the hardware can be selected. The basic hardware needed for a typical EIS includes four components:

Input data-entry devices. These devices allow the executive to enter, verify, and update data immediately
The central processing unit (CPU), which is the most important because it controls the other computer system components
Data storage files. The executive can use this part to save useful business information, and this part also helps the executive to search historical business information easily
Output devices, which provide a visual or permanent record for the executive to save or read. This device refers to the visual output device such as monitor or printer

Choosing the appropriate software is vital to an effective EIS. Therefore, the software components and how they integrate the data into one system are important. A typical EIS includes four software components:
Text-handling software—documents are typically text-based
Database—heterogeneous databases on a range of vendor-specific and open computer platforms help executives access both internal and external data
Graphic base—graphics can turn volumes of text and statistics into visual information for executives. Typical graphic types are: time series charts, scatter diagrams, maps, motion graphics, sequence charts, and comparison-oriented graphs (i.e., bar charts)
Model base—EIS models contain routine and special statistical, financial, and other quantitative analysis

An EIS must be efficient to retrieve relevant data for decision makers, so the user interface is very important. Several types of interfaces can be available to the EIS structure, such as scheduled reports, questions/answers, menu driven, command language, natural language, and input/output.

As decentralizing is becoming the current trend in companies, telecommunications will play a pivotal role in networked information systems. Transmitting data from one place to another has become crucial for establishing a reliable network. In addition, telecommunications within an EIS can accelerate the need for access to distributed data.

EIS helps executives find data according to user-defined criteria. Unlike a traditional management information system presentation, EIS can distinguish between vital and seldom-used data, and track different key critical activities for executives. After realizing its advantages, people have applied EIS in many areas, especially, :

Manufacturing operational control focuses on day-to-day operations, and the central idea of this process is effectiveness and efficiency.

Marketing
In an organization, marketing executives’ duty is managing available marketing resources to create a more effective future. For this, they need make judgments about risk and uncertainty of a project and its impact on the company in short term and long term. To assist marketing executives in making effective marketing decisions, an EIS can be applied. EIS provides sales forecasting, which can allow the market executive to compare sales forecast with past sales. EIS also offers an approach to product price, which is found in venture analysis. The market executive can evaluate pricing as related to competition along with the relationship of product quality with price charged. In summary, EIS software package enables marketing executives to manipulate the data by looking for trends, performing audits of the sales data, and calculating totals, averages, changes, variances, or ratios.

Financial analysis is one of the most important steps to companies today. Executives needs to use financial ratios and cash flow analysis to estimate the trends and make capital investment decisions. An EIS integrates planning or budgeting with control of performance reporting, and it can be extremely helpful to finance executives. EIS focuses on financial performance accountability, and recognizes the importance of cost standards and flexible budgeting in developing the quality of information provided for all executive levels.

1) advances in AI technology
2) multimedia databases allow future integration of text, voice and image
3) will make wider use of data external to the company
4) Bandwidth communication allows greater interconnectivy