What is the full form of MIS
What is the full form of MIS
MIS: Management Information System
MIS stands for Management Information System. MIS is a computer-based information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The purpose of MIS is to extract data from varied sources and derive insights that drive business growth.
The study of the management information systems involves people, processes and technology in an organizational context.
The role of the management information system (MIS) manager is to focus on the organization’s information and technology systems. The MIS manager typically analyzes business problems and then designs and maintains computer applications to solve the organization’s problems.
Need for MIS
- Decision Support Systems: Decision support systems are used by top level managers to make semi-structured decisions. The output from the Management Information System is used as input to the decision support system.
- MIS facilitate communication within and outside the organization
- MIS record all business transactions of an organization and provide a reference point for the transactions.
- Collect and analyze information of customers for future references.
- Companies are able to identify their strengths and weaknesses due to the presence of revenue reports, employee performance records etc.
- MIS can help a company gain a competitive advantage.