 M. M. Hant working in computer science and engineering department as an assistant professor in Vulture Institute of Technology, Solapur. Today we are going to discuss the topic information systems in global business. The learning outcomes are at the end of this session student will be able to describe concept and components of management information system and describe role of information system in business. Now we are going to see the definition of management information system. What is MIS? A management system is the framework of policies, processes and procedures used by an organization to ensure that it can fulfill all the tasks required to achieve its objectives. Management information system or MIS broadly refers to a computer based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. Concepts of MIS. The MIS is an idea which is associated with man, machine, marketing and methods for collecting information from the internal and external source and processing this information for the purpose of facilitating the process of decision making of the business. MIS is not new only the computerization is new. Before computers MIS techniques existed to supply managers with the information that would permit them to plan and control business operations. The computer has added on more dimensions to such as speed, accuracy and increased volume of data and that permit the consideration of more alternatives in decision making process. Now we are going to see the components of MIS. There are three components of MIS management information and system. Now we are going to see one by one management. Management has been defined the process or activities that describe what managers do in the operation of their organization plan, organize, initiate and control operations. They plan by setting strategies and goals and selecting the best course of action to achieve the goals information. Data must be distinguished from information and the distinction is clear and important for present purpose. Data are facts and figures that are not currently being used in the decision making process and usually are taken from the historical records that are recorded and filled without immediate intent to retrieve the decision making information and consist of data that have been retrieved processed and otherwise used for information or inference purpose. Argument or as a basis for forecasting of or decision making regarding any business audit system. The system can be described as a set of elements joined together for a common objective. A subsystem is a part of a larger system with which one is concerned. All systems for our purpose the organization is the system and the parts that mean division, department, functions, unit, etc. are the subsystem. The actual MIS process relates to collection, organization, distribution, storage of ID information and managerial control and analysis of data. In collection we are collecting the data from the system. Organizing means what we are pre-processing or processing the data in a particular form that is called organization. Distribution we are distributing the data among the different parts or units of that organization. Storage of wide information means we are storing the large amount of data with long period of time by using MIS. User control and analysis of data means we can manage that data and make analysis of that data for a specific purpose. Hence now after getting this information MIS focuses on organization wide information means every person know each and every information of different departments of that organization. Decision making process any senior executive or manager level people will be use that data or information for making the decisions regarding with that organization. Managerial control and analysis here we can make the analysis of different data for different purposes. Computer based system we can use the automation system for existing manual system using the MIS. So management information system is a set of interrelated procedures using information system infrastructure in a business enterprise to generate and dissimulate the desired information. So systems are designed to support decision making by people associated with the enterprise in the process of attainment of its objectives. The MIS gets data and other resources of IT infrastructure as input from the environment and the process them to satisfy the information needs of different entities associated with the business enterprise. Hence there are subsystems of control over the use of IT resources and feedback subsystem offer useful clues for increasing the benefits of information on system to business. The MIS are subsystems of business system and by themselves serves the function of feedback and control in the business system. Below management information system here are some important rules of MIS are the MIS satisfies the diverse needs through variety of systems such as query system, analysis system, modeling system and decision support system. The MIS helps in strategic planning, management control, operational control and transaction processing. The MIS helps in clerical personal in the transaction processing and answer the question on the data pertaining to the transaction, the status of a particular record and reference on a variety of documents. The MIS helps the junior management personnel by providing the operational data for planning and scheduling and control and help them further in decision making at the operate level to correct an output of control situation and out of control situation. The MIS helps the middle management in short term planning, target setting and controlling the business functions. It is supported by the use of management tools of planning and control. The MIS helps the top level management in global setting, in goal setting, strategic planning and evolving the business plans and their implementation. The MIS plays the role of information, generation, communication, problem identification and helps in the process of decision making. The MIS therefore plays a vital role in the management, administration and operation of an organization. Now pause the video and answer the questions. One of the following component is of MIS, option A, information, B event, C analysis and D inference. The answer is information. Now the role of management in business. Here the graph can be shown. The information system plays a vital role in business today. So in this graph on the x-axis they will be taking the software, hardware and the communication equipments used in the business and on the y-axis the investments can be shown. So here total investment and IT investment can be shown that IT investment raised from 34 percent from 1982 to 50 percent in year 2004. So there will be drastic increase in the use of IT equipment in this IT investment of the business. You can see the result of massive spending around you every day by observing how people conduct business. Change in technology and new innovative business models have transformed social life and business practices. Over 247 million Americans have mobile phones. Near about 60 percent of the population, 167 million of people access the internet using smart phones and tablets, 46 percent entire population now use tablet computers whose sales have sold 172 million Americans use online social networks, 150 millions use Facebook. While 48 millions people use Twitter, smart phones, social networking, texting, emailing and webinars have all become essential tools for business and because that's where your customer supplies and colleagues can be found. So people are using Facebook while 48 millions people are using Twitter, smart phones, social networking. So now e-commerce and internet advertising continue to expand. Google's online revenue surpassed $17 billion in 2013 and internet advertising continues to grow more than 15 percent a year reaching more than $43 per billion, $43 billion in revenue in year 2013. These are the references. Thank you.