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Computer data is information processed or stored by a computer. This

information may be in the form of text documents, images, audio clips,

software programs, or other types of data. Computer data may be processed

by the computer's CPU and is stored in files and folders on the computer's

hard disk.

At its most rudimentary level, computer data is a bunch of ones and zeros,

known as binary data. Because all computer data is in binary format, it can

be created, processed, saved, and stored digitally. This allows data to be

transferred from one computer to another using a network connection or

various media devices. It also does not deteriorate over time or lose quality

after being used multiple times.

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Raw data is unprocessed computer data. This information may be stored in a

file, or may just be a collection of numbers and characters stored on

somewhere in the computer's hard disk. For example, information entered

into a database is often called raw data. The data can either be entered by a

user or generated by the computer itself. Because it has not been processed

by the computer in any way, it is considered to be "raw data." To continuethe culinary analogy, data that has been processed by the computer is

sometimes referred to as "cooked data."

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Definition

# An e-business is a company operating via the Internet. This business can

have off-line counterparts, or be a stand-alone enterprise consisting entirely

of Internet operations.

Origin of the Term

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# The term "e-business" was popularized by IBM in 1997 when they launched

an advertising campaign based entirely around the concept.

Capabilities

# E-businesses can fill a number of roles, from the buying and selling of

goods to providing various services. In addition, e-businesses can also

provide customer service and support for real-world firms, and collaborate

with business partners.

E-Commerce

# E-commerce is usually considered synonymous with e-business, but more

specifically refers to the sale of goods online, whereas e-business is

considered an all-inclusive term referring to the business' Internet presence.

Famous E-Businesses

# While many companies have an e-business component, some enterprises

are well-known for operating almost exclusively on the Internet. Popular

examples include eBay, Google and iTunes

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Definition: Management Information Systems (MIS) is the term given to the

discipline focused on the integration of computer systems with the aims and

objectives on an organisation.

The development and management of information technology tools assists

executives and the general workforce in performing any tasks related to the

processing of information. MIS and business systems are especially useful in

the collation of business data and the production of reports to be used as

tools for decision making.

Applications of MIS

With computers being as ubiquitous as they are today, there's hardly any

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large business that does not rely extensively on their IT systems.

However, there are several specific fields in which MIS has become

invaluable.

* Strategy Support

While computers cannot create business strategies by themselves they can

assist management in understanding the effects of their strategies, and help

enable effective decision-making.

MIS systems can be used to transform data into information useful for

decision making. Computers can provide financial statements and

performance reports to assist in the planning, monitoring and implementation

of strategy.

MIS systems provide a valuable function in that they can collate into coherent

reports unmanageable volumes of data that would otherwise be broadly

useless to decision makers. By studying these reports decision-makers can

identify patterns and trends that would have remained unseen if the raw datawere consulted manually.

MIS systems can also use these raw data to run simulations hypothetical

scenarios that answer a range of what if questions regarding alterations in

strategy. For instance, MIS systems can provide predictions about the effect

on sales that an alteration in price would have on a product. These Decision

Support Systems (DSS) enable more informed decision making within an

enterprise than would be possible without MIS systems.

* Data Processing

MISNot only do MIS systems allow for the collation of vast amounts of

business data, but they also provide a valuable time saving benefit to the

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3. To ensure that your management information system will be relevant

and provides you greatest level of benefit, it must be designed specifically for

your business entity. Although many software packages can provide a level

of utility to a business enterprise, it is important that the system that a

business implements addresses the informational needs and usage behavior

of every individual who will participate in the operational effort. This meansthat any enterprise, whether large or small, must clearly understand its

information needs to maximize the benefit of any system it chooses to

implement.

Benefits

4. Management information systems, implemented and used correctly, can

build in a great deal of operational efficiency and accuracy. In the business

world, this equates to competitive advantage. In addition, with greater access

to accurate information, those employees that serve as the customers' point

of contact with the business are empowered to offer a greater level of serviceto those consumers. This, too, is a competitive edge. Finally, the appropriate

usage of a company's management information system can result in more

productive business decisions that have tremendous positive impact on the

company's bottom line.

Considerations

5. While management information systems may offer a great deal of

benefit, if implemented and used correctly, it is not unheard of for a well-

designed system to be misused or subject to human error. Some business

leaders have made the mistake of believing that once they have found themost appropriate system and brought it online, all their informational

concerns will have been addressed. Unfortunately, though MIS can reduce

the occurrence of human error, it cannot eliminate it. Initial education on the

system and continual periodic training on its usage and optimization will be

necessary if a company expects to continue to derive the greatest benefit

from its management information system.

Read more: The Impact of a Management Information System | eHow.com