It is known that Business model is a method of doing business by which an enterprise can generate revenue to sustain itself with the implication that the model spells out how the enterprise adds value to create a product or service. As businesses, government agencies and individuals connect and interact across public and private networks around the globe, oceans of digital data which is indeed the new frontier is being created at almost unimaginable rates. There is no doubt that enterprises which can identify, access, filter, analyze and use select portions of this data will effectively gain tremendous advantages.
Since roughly 25% of the time people spend online revolve around social media also referred as social networking or social web such as Facebook, Twitter, Flickr, YouTube, Vimeo, Delicious, Diigo, Foursquare, Klout, Tumblr etc, enterprises have no option but to resort such services for engaging their clientele in the light of their business mission and vision. Management Information Systems - MIS involves applying information technology to business problems in order to find a solution. In MIS one learns about hardware and software, various information systems, and how to transmit and store data as well as how to design, analyze, and implement information systems.
Addressing the Business Management students of Sangam University, on 9 January 2013, Prof BR Natarajan President - Vice Chancellor gave an overview of the importance of MIS including highlights of the Digital Economy with interesting examples such as semester registration, procurement of books, transmission of photographs; business pressures in terms of market, technology and social factors; the global platform of the new economy.
Prof Natarajan also took the opportunity to thank Mr Rakesh Mittal EW Software Consultants Inc from Boston Massachusetts and an alumnus of Birla Institute of Technology and Science - BITS Pilani for sharing his thoughts on MIS drawn from his own experience, white paper on Intel Xeon Processors analytics, McKinsey Global Institute Research findings and the Princeton Review.
For more details see http://www.sangamuniversity.ac.in
Notes to Editor
About Sangam University Bhilwara
The Institution supported by Sangam Group of Industries which is one among the top ranking corporates in India today with business interests spanning textiles, steel, infrastructure, power and energy has been established by Govt. of Rajasthan Act No. 14 of 2012 incorporated u/s 2(f) of UGC Act 1956. For more details see http://www.sangamuniversity.ac.in