Hi everyone, my last blog was about networking as a trends in information systems, I will now look at MIS, another trend in IS. Management Information Systems (MIS) is the integration of information technology in achieving the needs and objectives of the general workforce and managers. The development of MIS in organizations helps managers in applying efficient and effective information technology-based business. Most organizations these days rely heavily on their IT systems.
An MIS provides many benefits to the organization. Primarily, it facilitates organizational planning. MIS improves the decision-making skills of management by providing relevant information. Secondly, MIS minimizes information surplus by summarizing this in standard formats for managers to have detailed and concise reports. Finally, MIS makes managerial control easier. This gives management the ability to assess and improve the organization’s performance.
It’s not without its risks though.
Management decisions based on ineffective or imperfect MIS may boost the risks in specific areas such as commodity pricing, company’s liquidity, interest rates or foreign currency. A non-secure or poorly programmed MIS can result into hacking, data manipulation, unauthorized data access and routine work disruption that can result to incorrect management decisions or planning.
However, it’s a risk most companies are willing to take.
But don’t just take my word for it read more here: Facts on Management Information System | eHow.com http://www.ehow.com/about_5701515_management-information-system.html#ixzz2MZ5XaKZs