Executive Information Systems
An Executive Information System may be regarded as a customized decision-support system. Typically, this kind of system includes a variety of hardware, software, data, procedures, and individuals. All of this greatly assists top executives in formulating and carrying out a range of judgments. The executive information system considerably facilitates the collection of data from several sources, as well as its integration and consolidation. Following these processes, the content is presented in a very understandable format.
An executive information system is a computer-based platform that provides information needed by various senior executives. It provides immediate access to several management reports as well as lightning-fast access to current data.
The Executive Information System is intended to be exceedingly user friendly. The images mostly support it.
The phrase “executive support system” refers to a comprehensive set of services that go beyond the Executive Information System, including analytical assistance, office automation, and communications.
According to Watson, the following qualities, when combined, may be used to describe the dependency of the Executive Information System (EIS) and Executive Support System.
Internal elements.
Information must be provided in a timely way.
Improved communication is essential.
Access to operational data is required.
Quick status updates on various business operations are necessary.
Access to the company’s database is required.
Extremely exact information is necessary.
The importance of being able to identify diverse historical trends.
Outside Factors
The global competition is expanding and becoming more severe.
Changing the business environment rapidly.
Additional action is necessary.
You must have access to an outside database.
The number of distinct government rules is increasing.
The Executive Information System’s qualities
Informational characteristics.
The versatility and ease of usage provide timely information with rapid response time and retrieval.
produces reliable data.
creates relevant information and verifies it
The user interface and orientation include enhanced self-help and user-friendly interfaces like graphics.
Accessible from several places, this approach ensures safe, reliable, and private access.
matches each executive’s own management style and is highly personalized.
The executive and management attributes complement the strategy, purpose, and vision.
Provide strategic management help.
Dealing with high-risk events might be useful at times.
is related to commercial procedures that provide value.
This approach requires access to external databases and is focused on achieving results.
Executive Information System Capabilities
I Improves access to global, macro, and aggregated information.
(ii) Allows the user to make extensive use of the external data.
(iii) Enables ad hoc queries and address analysis.
(iv) Displays various deviations, ratios, and trends.
(v) Helps to combine the text and visual into a single display, increasing visibility.
(vi) It allows for the examination of both contemporary and historical data.
(vii) The Executive Information System and Executive Support System may be utilized to identify issue areas.
(viii) The Executive Information System and Executive Support System may provide textual explanations for open-ended questions.
(ix) Offers exception report handling.
(x) Uses hypertext and hypermedia.
provides generalized computing. (xi).
(xii) Supports telecommunications.
Advantages of an Executive Information System
I The attainment of many organizational aims.
(ii) Makes information more accessible by merging data from many sources.
(iii) Promotes context and a broad, comprehensive worldview.
(iv) Provides vast and highly aggregated data.
(v) There is also a significant rise in user productivity.
(vi) The amount and quality of communication have improved.
(vii) Enables better strategic planning and management.
(viii) Encourages proactive action rather than reactive one.
(ix) Provides an advantage over competition.
(x) Encourages the development of a more open and dynamic information culture.
(xi) It is feasible to determine the underlying source of a problem.