Utilization of information systems in managerial decision making in financial institutions

Abstract

Information technology (IT) is rapidly proliferating throughout the developing world. IT adoption for decision making is highly uneven in different organizations. The discussuion in this paper explain what Information Technology (IT) and Management Information Systems(MIS) mean and how both can benefit decision makers in financial institutions. However; the information that mangers sometimes recieve are often out of date and irrelevant to thier needs. The information requirements of managers and the type of information systems necessary for decision making were also discussed. It is therefore important that financial managers must have a good knowledge of current computer technologies.