Executive information system

An executive information system ( EIS ), Also Known As year system support executive ( ESS ) [1] is a kind of management information system That Facilitates and supports senior executive information and decision-makingneeds. It provides easy access to internal and external information to organizational goals. It is commonly considered a specialized form of decision support system (DSS). [2]

EIS emphasizes graphical displays and easy-to-use user interfaces . They offer strong reporting and drill-down capabilities. In general, EIS are enterprise-wide DSS that help top-level executives analyze, compare, and highlight trends in important variables so that they can monitor performance and identify opportunities and problems. EIS and data warehousing technologies are converging in the marketplace.

In recent years, the term EIS has lost popularity in business intelligence (with the sub-areas of reporting, analytics , and digital dashboards ).

History

Traditionally, executive information systems were mainframe computer -based programs. The purpose of this article was to provide an overview of the performance of the company’s directors. The objective was to develop computer applications that highlighted information to satisfy senior executives’ needs. Typically, an EIS provides only data that supports executive level decisions, not all company data.

Today, the application of EIS is not only in corporate corporate hierarchies, but also at lower corporate levels. As some customer service companies adopt the latest enterprise information systems, employees can use their personal computers to get access to the company’s data and identify information relating to their decision making. This arrangement provides information to upper and lower corporate levels.

Components

EIS components can typically be classified as:

  • Hardware
  • Software
  • User interface
  • Telecommunications

Hardware

When we talk about computer hardware for an EIS environment, we should focus on the hardware that meets the executive’s needs. The executive should definitely be the first choice before the hardware can be selected. The basic hardware required for a typical EIS includes four components:

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

In addition, with the advent of local area networks ( LAN ), several EIS products for networked workstations become available. These systems require less support and less expensive computer hardware. They also increase EIS information access to more company users.

Software

Choosing the appropriate software is vital to effective. Citation needed ] Therefore, the software components and how they integrate the data into one system are important. A typical EIS includes four software components:

  1. Text-handling software-documents are typically text-based
  2. Database-heterogeneous databases on a range of vendor-specific and open computer platforms
  3. Graphic base-graphics can be used to visualize executives. Typical graphic types are: time series charts, scatter diagrams , maps , motion graphics, sequence charts, and comparison-oriented graphs (ie, bar charts )
  4. Model database-EIS models contain statistical, financial, and other quantitative analysis

User interface

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

Telecommunication

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

Applications

EIS helps executives find data according to user-defined criteria and promote information-based insight and understanding. Unlike a traditional management information system , EIS can distinguish between vital and seldom-used data, and track different critical activities for executives, both of which are useful in evaluating the company’s meeting its corporate objectives. After realizing its advantages, people have applied EIS in many areas, especially, in manufacturing, marketing, and finance areas.

Manufacturing

Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. It is a broad branch of industry and secondary production. This paper presents the results of this study.

Marketing

In an organization, marketing executives’ duty is managing available marketing resources to create a more effective future. For this purpose, we need to evaluate and evaluate the impact of the project. To assist marketing executives in making effective decisions, an EIS can be applied. EIS provides sales forecasting. EIS is a leading global provider of information technology solutions. The market can be priced as part of a competitive bidding process. In summary, EIS software package for marketing,

Financial

Financial analysis is one of the most important steps to companies today. Executives to make financial decisions and make capital 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.

Advantages and disadvantages

Advantages of EIS

  • Easy-to-use, high-performance desktop applications
  • Provides timely delivery of company summary information
  • Information that is provided is better understood
  • EIS provides timely delivery of information. Management can make decisions promptly.
  • Improves tracking information
  • Offers efficiency to decision makers

Disadvantages of EIS

  • System dependent
  • Limited functionality, by design
  • Information overload for some managers
  • Benefits hard to quantify
  • High implementation costs
  • System can become slow, large, and hard to manage
  • Need good internal processes for data management
  • Maybe you can not find what you’re looking for?
  • Excessive cost for small company

Future trends

The future of executive information systems is not bound by mainframe computer systems. This trend free executives from learning different computer operating systems, and relative decreases implementation costs. The EIS package is a complete package for the EIS package.

See also

  • Enterprise performance management
  • Enterprise architecture
  • Management information system

References

  1. Jump up^ “Executive Support System (ESS)” . Techopedia.com .
  2. Jump up^Power, DJ, Decision Support Systems: Concepts and Resources for Managers, Greenwood / Quorum, 2002.
  3. Thierauf, Robert J. Executive Information System: A Guide for Senior Management and MIS Professionals. Quorum Books, 1991
  4. Executive information systems (January 1994). Retrieved June 17, 2006, from http://www.cs.ui.ac.id/staf/sjarif/eis.htm
  5. Rockart, John F. and De Long, David W. (1988) Executive Support Systems: The Emergence of Top Management Computer Use,Business One Irwin, ISBN 0870949551
  6. Salmeron, Jose L. and Herrero, Ines. An AHP-based methodology to rank critical success factors of executive information systems. Computer Standards & Interfaces, Volume 28, Issue 1, July 2005, pp. 1-12.
  7. Salmeron, Jose L. EIS Success: Keys and difficulties in major companies. Technovation Volume 23, Issue 1, 2003, p. 35-38
  8. Salmeron, Jose L. EIS Evolution in Large Spanish Businesses. Information & Management Volume 40, Issue 1, 2002, pp. 41-50
  9. Salmeron, Jose L. EIS profitability, costs and benefits: An evolutionary approach. Industrial Management & Data Systems Volume 102, Issue 5-6, 2002, pp. 284-288
  10. Salmeron, Jose L. EIS data: Findings from an evolutionary study. Journal of Systems and Software Volume 64, Issue 2, 2002, pp. 111-114

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