What is MIS?

Management information system or MIS is a set of procedures that provides essential data and information to the management for making an informed decision. The Management information system involves:

• Collection of reliable data based on several sources.
• Processing such data can yield valuable information.
• Providing this information to the respective department.

Why MIS is important for businesses?

The business environment is dynamic, involving uncertainties and risks. These uncertainties and risks drive business organizations to take complicated decisions in order to survive in the market. As a result, every business establishment wants to improve its profitability and sustain itself for years at a time. To do that, it cannot afford to ignore the importance of information systems.