Mis in Rbi

The term Management Information System (MIS) is not new-fashioned to the tilling sector. Since the early 80s, banks have been using this terminology to refer to the surgical process of generating various reports and analyses at the Corporate/Head offices for their decision make for own use as well as for imparting to authorities in charge of regulation. Often, these reports are generated through computers and canister be generated at any point of time. However, the usage of the cost data memory and data mine are comparatively new. These terms have gained significance with the growing sophistication of engineering and the need for predictive analysis with What if simulations. MIS in the present place setting of high availability of voluminous data on electronic media at diverse locations and on diverse platforms, has become much(prenominal) pertinent to banks decision-making process, thanks to the availability of new tools of technology such as data warehousing, data mining.

Data warehousing which refers to line of battle of data from various sources (internal and external) and placing them in a form desirable for further processing which will gain critical greatness in the presence of data mining which refers to the process of extracting inexplicable information and generating several types of analytical reports which are usually not available in the original transaction processing systems. A brief write-up on the concepts of data warehousing and data mining is placed at Annexure 15. Management Information System would and so be the end product of both the processes - data warehousing and data mining. 6.2Relevance of Data Warehousing and Data dig for banks in India 6.2.1Banking being an information intensive industry, building a Management Information System within a bank or an industry is a gigantic task. It is more so for the public sector banks which have a wide electronic network of bank branches spread all over the country. It becomes all the more difficult due to prevalence of varying degrees of... If you want to corroborate a full essay, order it on our website: Ordercustompaper.com

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