Monday, November 15, 2010

Can a computer replace a CEO? perhaps future MISs (Management Information Systems) can !

During one of our guest lectures, I had asked the speaker this question (but had not got a kind of answer that I had wanted) : "These days, computers can play chess, computers can diagnose diseases, computers can fly planes. Do you think that in the future, computers can replace CEOs?".

In reply to his remark, I had continued, "Is being a CEO just following a set of policies and protocols? Or about following a set of algorithms that can be implemented by a computer as well? Or is it about very personal and very customised solutions."

And later on,  I stumbled upon the concept of "MIS" or "Management Information Systems". This got me very excited. Ofcourse, I had heard of and used HIS in the past - Hospital Information System. But this is new for me.

Here is some info about MIS:

Management Information System (MIS) is a system or process that provides information needed to manage organizations effectively. Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product,service or a business-wide strategy.

Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems.

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