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MIS
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MIS
Management Information System is the backbone of a business in todays computerised environment. MIS support the larger need of valuable decision making in any business. MIS provides information the way the users expect through various analytical tools. MIS helps in risk analysis and risk mitigation by providing accurate and timely information to risk managers.
MIS is a critical organizational resource, in this age of internet, user-friendly devices and applications and declining computing costs.
Today we define MIS an organized combination of people, databases, hardware, and software and communication networks.
Types of MIS
Transaction Procession System (TPS) Knowledge Based System (KBS) Online Analytical Processing System (OLAPS) Executive Information System (EIS) Decision Support System (DSS) Business Process System (BPS) Object Oriented System (OOS)
Advantages of MIS
Companies are able to highlight their strengths and weaknesses due to the presence of revenue reports, employees' performance record etc. The identification of these aspects can help the company improve their business processes and operations. Giving an overall picture of the company and acting as a communication and planning tool. The availability of the customer data and feedback can help the company to align their business processes according to the needs of the customers. The effective management of customer data can help the company to perform direct marketing and promotion activities.
Disadvantages of MIS
MIS provides information only to managerial level for decision making and not all employees. MIS implementation requires commitment from top management. MIS does not solve all management problems. MIS cannot update itself for the changes unless the current inputs are fed in time to analyse a subject.
Conversion is the process of changing or converting the old system into the new. This can be done in three basic ways Prototyping Extreme Programming Joint application design (JAD)