Management information systems, or MIS, is a system consisting of both hardware and software providing knowledge about the relationship between people, technology and organisations as a whole.
Managament Information Systems and Decision Making
Management information systems are outsourced and installed by a managed service provider, which is both cost effective and increases security. These statistics are vital in a company’s decision-making process as it provides the framework for future decisions about internal and external business operations.
These decisions allow for a well structured and smooth operating system to be implemented, creating a seamless experience for employees and clients.
Management Information System Professionals
MIS professionals create data management systems that help coordinate, control, analyse and visualise information for the management, staff and clients of the company. MIS supports different aspects of businesses such as market research, Managed services, IT services, management reporting systems, decision reporting systems, accounting and finance.
Other key roles include payroll processing, order processing, such as for an e-commerce business, and invoicing. MIS is crucial for a business as it improves the overall communication and analysis process of a company.