A Management Information System (MIS) is an information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes, and technology in an organizational context. In a corporate setting, the ultimate goal of the use of a management information system is to increase the value and profits of the business. This is done by providing managers with timely and appropriate information allowing them to make effective decisions within a shorter period of time.
Despite the size of the organization, MIS provides quality real-time data that enables planning for the organizational improvement.
MIS optimizes the large set of data into a summarized format to avoid data flooding and prevents uncertainty in reading detailed facts.
Management information system helps in the grouping, storing, retrieving, evaluating, and segregating the records.
MIS or management information systems integrate all specialized activities by enabling each organizational department to identify the problems occurring in other departments.
It encourages making decisions in organizational plans and procedures by analyzing the performance. MIS enables the user to monitor the operations performed at the lower levels.