A management information system (MIS) is a computer system consisting of hardware and software that serves as the backbone of an organization's operations. An MIS gathers data from multiple online systems, analyzes the information, and reports data to aid in management decision-making.
MIS has five major objectives which include:-
1. Data Capturing:- MIS capture data from various internal and external sources of the organization. Data capturing may be manual or through computer terminals.
2. Processing of Data:- The captured data is processed to convert into the required information. Processing of data is done by such activities as calculating, sorting, classifying, and summarizing.
3. Storage of Information:- MIS stores the processed or unprocessed data for future use. If any information is not immediately required, it is saved as an organization record, for later use.
4. Retrieval of Information:- MIS retrieves information from its stores as and when required by various users.
5. Dissemination (Spreading or Publicity) of Information:- Information, which is a finished product of MIS, is disseminated to the users in the organization. It is periodic or online through a computer terminal.
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