Emerging Technologies Essay Example | Topics and Well Written Essays - 2250 words

Emerging Technologies - Essay Example Every company and organization has become heavily dependent on the use of technology to run business activities. For example, use of computers networks and internet has become a common thing for every organization. In this report, we will discuss an innovative technology related to the field of computer science. The name of the technology is Cloud Management Information System (Cloud MIS). Cloud MIS service refers to the use of cloud computing services for managing information provided to the system by the companies using the service. Some of the main benefits that a company can get using Cloud MIS service include secure data management, improved efficiency, lower capital expenditure, no need of hiring IT professionals to manage the MIS, greater flexibility and storage, and lower operational expenditure. The concept of this technology was developed a couple of years ago but more and more developments are occurring in this technology making it more useful and reliable for companies an d organizations. Let us first have a look at basic workings of Management Information System and Cloud Computing in order to get a better understanding of the benefits that the merger of these technologies can provide to businesses. 2. Management Information System According to Oz (2009, p. 9) states, â€Å"Information is the lifeblood of any organization†. Without information, a company can never achieve its desired goals and objectives because information serves as the base for business progress. Management information system (MIS) refers to a system that manages the data and information of a company needed to perform different business activities. MIS makes use of information technology tools in processing of information and generation of reports (Earl 1996). It is a part of internal business control system which manages the documents, business strategies and policies, and information stored in it by the company (Martin 2010). According to Stahl (2008, p. 1), management in formation systems increase the efficiency of business processes, as well as improves coordination between people within organization. As Lauderdale (n.d., p. 1) states, â€Å"MIS allows managers to create reports about the company activities†. This statement shows that MIS can be used to generate reports about business activities, such as, financial reports, employee performance reports, and project related reports. According to Lucey (2005, p. 4), the main tasks of a management information system are to process collected data into information, as well as to send accurate and relevant information to the concerned people. As Burke (n.d., p. 1) states, â€Å"MIS, or management information systems, are used to manage the data created within the structure of a particular business†. MIS stores everything related to business which also include project deadlines and employees’ tasks regarding those projects. Using the information for the system, employees carry out the ir activities accordingly. According to Currie and Galliers (1999), MIS also helps employees in processing, analyzing, and disseminating the collected information. Another advantage of using MIS in companies is that it helps in setting and achieving both short-term and long-term strategic goals and objecti