Ans. Executive information
system
An
executive information system (EIS) is a decision support system (DSS) used to
assist senior executives in the decision-making process. It does this by
providing easy access to important data needed to achieve strategic goals in an
organization. An EIS normally features graphical displays on an easy-to-use
interface.
Executive information systems can be used in many different types of organizations to monitor enterprise performance as well as to identify opportunities and problems.
Executive information systems can be used in many different types of organizations to monitor enterprise performance as well as to identify opportunities and problems.
EIS helps executives find data according to user-defined
criteria and promote information-based insight and understanding. Unlike a traditional management information system presentation,
EIS can distinguish between vital and seldom-used data, and track different key
critical activities for executives, both which are helpful in evaluating if the
company is meeting its corporate objectives. After realizing its advantages,
people have applied EIS in many areas, especially, in manufacturing, marketing,
and finance areas.
Executive support system
An Executive Support System (ESS) is software that allows users to
transform enterprise data into quickly accessible and executive-level reports,
such as those used by billing, accounting and staffing departments. An ESS
enhances decision making for executives.
ESS is also known as Executive Information System (EIS).
An ESS facilitates access to organized enterprise and departmental data
while providing analysis utilities and performance assessment predictors. An
ESS provides potential outcomes and quick statistical data that are applied to
decision making processes.
Ultimately, ESS reporting tools and results are contingent on developer
and industry application. For example, Cambridge Systematics, Inc. built an ESS
that is integrated with the investment plan for the Ministry of Transportation
in Canada.
Difference between
MIS and EIS
MIS (MANAGEMENT INFORMATION
SYSTEMS) :
MIS is generally
more sophisticated reporting systems built on existing transaction processing
systems
- Often used to support
structured decision making (decisions that can be described in detail before
the decision is made)
- Typically will also support
tactical level management, but sometimes are used at other levels
- Examples of structured decisions
supported by MIS might include deciding on stock levels or the pricing of
products.
EIS (EXECUTIVE
INFORMATION SYSTEM) :
- EIS support a
range of decision making, but more often than not, this tends to be
unstructured
- EIS support the
executive level of management, often used to formulate high level strategic
decisions impacting on the direction of the organization
- These systems will
usually have the ability to extract summary data from internal systems, along
with external data that provides intelligence on the environment of the
organization
- Generally these systems work by
providing a user friendly interface into other systems, both internal and
external to the organization
DIMENSION
|
MIS
|
EIS
|
Focus
|
Information processing
|
Status Access
|
Typical Users
Served
|
Middle, lower levels, sometime senior executives
|
Senior Executives Expediency
|
Impetus
|
Efficiency
|
|
Application
|
Production control, sales forecasts, financial
analysis,
human resource management
|
Environmental scanning, performance
evaluation, identifying problems and
opportunities
|
Database(s)
|
Corporate
|
Special
|
Decision Support
Capabilities
|
Direct or indirect support, mainly
structured routine problems, using standard
operations,
research and other models
|
Indirect support, mainly high level and
unstructured decisions and policies
|
Type of
Information
|
Scheduled and demand reports; structured flow,
exception reporting mainly internal operations
|
News items, external information on
customers, competitors and the environment
|
Principal Use
|
Control
|
Tracking and control
|
Adaptability to
Individual User
|
Usually none, standardized
|
Tailored to the decision making style
of each individual executive, offers
several options of outputs
|
Graphics
|
Desirable
|
A must
|
User Friendliness
|
Desirable
|
A must
|
Treatment of
Information
|
Information is provided to a
diversified group of users who then manipulate it
or summarize
it as needed
|
Filters and compresses the
information, tracks critical data and
information
|
Supporting Detailed
Information
|
Inflexibility of reports, cannot get
the supporting details quickly
|
Instant access to the supporting
details of any summary
|
Model Base
|
Standard Models are available but
are not managed
|
Can be added, usually not included or
limited in nature
|
Construction
|
By vendors or IS specialists
|
By Vendors or IS Specialists
|
Hardware
|
Mainframes, Micros or
distributed
|
Distributed system
|
Nature of
Computing
Packages
|
Application oriented,
performance reports,
strong reporting capabilities, standard
statistical, financial, accounting and management science models
|
Interactive, easy to access multiple databases,
on-line access, sophisticated DBMS capabilities
and complex linkages
|
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