Best Management Information System

What is Management Information System?

The Management Information System (MIS) is defined as a system that supports decision-making in an organization by providing information. It is a man-machine integrated system for supplying information to support operations, management, and proper decision-making functions. It is a system-based tool that was developed for the goal of presenting information and is based on the organization's database.

In the modern world, business processing systems generate information for individuals in the organization. It helps them to meet their information requirement and enables them to take proper decisions to achieve the organization's corporate goal.

In any organization, a major portion of the time spent on data collection, processing and documenting for decision making. There for, a major portion of the overhead charges need to spend on these types of unproductive tasks. Every member in an organization is regularly looking for some information to complete task assigned. Hence, the information is people oriented and it varies with types and position of the members in the organization

There for, the scope and the quantity of information is individual dependent and it is difficult to conceive the information as a well-defined product for the entire organization.

In the modern world, a computerized business processing system generating information for the people in the organization to meet the information needs decision making to achieve the corporate objective of the organization In order to get a better control on the activity of information processing, it is necessary to have a formal system which should take care of the following points:

• Managing a large volume of data
• Search and retrieval data very quickly
• Timely communication of information to the users
• Huge amount of Data storage
• Meeting the information's ever-changing requirements.
• Confirmation of data and transaction validity
• Handles data processing that is complex and multidimensional analysis
• The management information system uses computers and communication technology to deal with these points of supreme importance.

Major Problems with MIS

There is abundant evidence from numerous surveys conducted in developed countries, particularly in the UK and USA, that existing MIS, often using advanced computer equipment, have had relatively little success in providing management with the information it needs. Reasons discovered include the following:

• There is a lack of top-level managerial support.
• Overemphasis on low-level data processing applications, especially in the accounting field.
• Information professionals have a poor understanding of management's genuine information needs and organizational issues.
• Management's lack of involvement in the MIS design
• The computer system's emphasis is too narrow or improper.
• Lack of a solid strategy
• Increasing complexity
• Poor Design of information System Architecture
• Selection of Methodologies

A Management Information System must be built and operated with organizational and behavioral principles, as well as technical elements, in mind to be successful. The Information, Communication and Digital media industry infrastructures need to introduce able to quickly deploy and remove convergent new services at a reasonable cost.

One of the biggest benefits of MIS is that it’s a powerful data hub. A Management Information system allows you to collect, store, and analyze data across your operations in one centralized location. The system guarantees that the correct data is acquired from different sources, processed, and provided to all of the recipients that require it. The MIS is responsible for information generation, communication, and problem identification, as well as assisting in the decision-making process. It provides a single source of truth and the visibility to act more strategically. Fortuner, Best ERP Software in Dubai from Fortune Technology LLC, one of the Best ERP Software Company in Dubai enables business to access real time information and generate more useful reports.

An MIS must be built and operated with organizational and behavioral principles, as well as technical elements, in mind to be successful.