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Information Managing System Using
Businesses need information for taking sound decisions in different situations, for identifying and solving problems and for exercising control over all aspects of operations. Before the appearance of computer information systems, these tasks were mainly based on keen observation and well-developed intuition or hunches. Modern information system management makes it possible to supplement the observations and intuition with solid analytical details.
What is MIS?
MIS or Management Information System can be simply defined as an information management system that processes the vast quantities of data generated by business transactions and generates meaningful information that helps decision making, problem solving and exercising control. Modern information technology that is based on computers and telecommunication systems make it possible to capture and process data from all over the world, something that is quite significant for global corporations. For example, in a cloud computing environment under which data is captured on the Web, transactions taking place in India or China during the night time in U.S.A. can be reflected in the reports available next morning for managers in America.
Why go for Computer Information Systems?
The scenario of a computer-based MIS outlined in the last section is a far cry from the earlier manually operated systems where transactions had to be entered, processed and reports prepared by hand. Such a manual system will typically need weeks to generate reports and were also vulnerable to errors at several different points. Computers, on the other hand, could process vast quantities of data doing elaborate analyses and generates reports in almost no time.