Management Information Systems (MIS)

What are Management Information Systems?

Management Information System (MIS) technology is mostly used to store and manage data in order to implement daily outputs or display purposes. These systems are mostly used in businesses and organizations in order to have a track of client information, to be extracted later. Moreover, company statistics and insights are also a major purpose of MIS. Decision making is a major concept while managing businesses, whereas regular company growth reports are essential to make effective organizational decisions. Data stores in MIS can be extracted into growth statistics to analyse how well an organization performs.

Benefits of Management Information Systems

• Better data accuracy in MIS decreases the need for results verification. Data extraction would be more reliable than manual analysis.
• MIS prevents accidental data duplication while entering and managing data, which is helpful in reducing human errors.
• Data is more accessible as MIS systems can be accessed using online technologies as all company data would be computerized and interconnected.
• MIS is convenient to implement and manage data backups, either using storage devices or store them online.