Hey fellow bloggers today I am going to tell you a little on Management Information Systems,
Management Information Systems (MIS) is a computer system that stores and distributes information on how to successfully manage an organisation, and it is usually regarded as a subset of the internal controls of a business.
Management Information Systems are an efficient and methodical approach to collecting, storing and processing raw data that underlines what needs to be done in order to handle an enterprise effectively.
Before data had to be manually inputted and consulted, which meant there was more of a risk for human errors and delays in terms of putting together the data into proper reports to facilitate management functions and it was more expensive. Nowadays, the advancement of MIS into the organised procedure that it is now has vastly improved the way businesses are run.
The data stored in Management Information Systems covers various categories, such as technologies, people, documents and procedures.
Faster and more systematic than manual consulting and handling, this technology can analyse and collate raw data that it stores into reports which outline trends and patterns in decision-making and organisation functions.
Managers can then refer to these reports in order to systematically plan and direct business operations. These reports can also include knowledge about assumed scenarios resulting from prospective management-changing decisions.
MIS saves time, allowing for managers to make informed decisions more quickly, but also assist in helping those with authorisation to the information to better understand the enterprise and the nature of the industry.
This video also explains MIS very well, I hope you enjoy it.