Question

Prompt: What are some of the most important concepts from Management Information Systems applied today in the real world? How will this information benefit you?

Answer 1

Managment information systems: This system is used in the real world by the use of fast speed internet network , we could get faster access to information . With computers being available at a reduced costs, the need to share information with other employees, the solution was provided by the client server network to share the information within employees in an efficient manner. The employees who work with MIS , companies ensure that they all work with the same set of data and take decisions based on the data which is identical to all. In the modern era, companies canot function without the MIS, to manage the massive amounts of data. MIS is used in marketing, finance, manufacturing and human resources . In each of these divisions, the MIS type is designed to help meet the needs of that division.

MIS help improve decision making as the information was provided to them in a fast, efficient , accurate and timely manner. Mis is the backbone of any organisation. It helps imrpove profitability and beat competition.

It helps the top management is goal setting, strategic planning and implementation of the plans set by the top management. It helps in decision making, communication and problem identification.