Identifying The Key Features And Main Functions Of An Mis

It is usually presented in the form of a report in tables, charts, statistics, and graphs or on spread sheets etc. This data may be used to arrive at important decisions within the organisation or with external organisations. So the data report has to be produced in such a way that it meets the aims and

Data is facts and numbers that hasn’t been modified or analysed for example times and numbers. When data is by itself it has no meaning to it however information by itself does have a meaning.

* A marketing information system is a management information system designed to support marketing decision making. A system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a regular basis.

Data is defined as useful raw material which is intended to be useful for both the originator and for the intended receiver. Data consists largely of facts and figures ideal for communicating the intended meaning. This data can be interpreted and can be categorised as follows;

The theme of this book is how businesses in today’s world use ever-improving technology to collect data, convert it into information and business intelligence, and combine this information and intelligence with the knowledge of the workers to help make the best decisions they possibly can for the benefit of the company and the customers. Throughout the book, there are discussions on the different ways that technology can help a business with this process. When going into detail about the various information systems, this book also brings into

| MIS is a tool that assists executives and the general workforce in performing any tasks related to the processing of information. MIS and business systems are especially useful in the collation of business data and the production of reports to be used as tools for decision making.

The United States Air Force (USAF) uses a management information system (MIS) called Security Assistance Management Information System (SAMIS). The primary function of SAMIS is to monitor requisitioning, supply, shipping and financial data to manage Security Assistance (SA). SA is a group of programs that provides defense articles, military training, and other defense related services, by grant, loan, cash sale, or lease, in furtherance of national policies and objectives. I believe that this is a MIS because SAMIS assists decision makers to see logistical and financial actions as they occur.

To determine the effectiveness of the chosen information system, SUC will use the collective information gathered by people, procedures, databases, and devices within the organization, which is known as using the Management Information System (MIS). This process begins with decision making. There are three stages in decision making: intelligence, design, and choice. Problems are discovered and information of what has caused the problem or what is needed

Management information systems, also known as MIS, are computer systems that direct business and organize operations or files. Many people wonder why

Information management (IM) is the collection and management of information from one or more sources and the distribution of that information to one or more audiences; is also particularly critical to businesses that work in conjunction with other businesses, so the two must share information with, or transfer information to, each other. In addition, businesses with more than one department or unit can use the MIS to compile information in one central location, thereby preventing information loss.

The field of MIS can deliver many benefits to enterprises in every industry. Every department in an organization has different needs for information. Consequently, management information system helps each department differently. Described below are the major departments in an organization and how each department utilize MIS:

The successful company's activities (management) are related to collection, storage, and analysis and interpreting data. The purpose of data collection is to get hold of information and to continuously record and to make decisions on key issues. Data collection is the storage of data and prepare for the future process. Moreover, every piece information is a valuable resource in business, such as cost of production, share prices and exchange rates, company reports and market research. The information (data) is mostly collected about their own organisations to analyse themselves and given to other companies to analyse it. Also, the up to date and accurate information (progress of the business) helps to managers and employees involved in making decisions. There are two types of data that usually used in businesses, the quantitative and qualitative. The quantitative data is a business or financial analysis, performance that aims to understand behaviour by using complex mathematical and statistical modelling, measurement, research and display the results, using the charts, histograms, tables and graphs. Quantitative analysis can be done for a variety of reasons, such as the measurement, performance estimation and calculation of the number of financial instruments (earnings per share, popular product, cash flow and costs). Moreover, surveys and the use of government publications are common methods of collecting quantitative data. For example. Tesco has the

3. Data – is the heart of the software. Software cannot function without it. Data can be qualitative and quantitative. Every data is an information.

Fielding (2008) also added that the three possible stages of business intelligence can be broken down into raw data, information, and knowledge. Raw data is gathered and processed into information. The information are filtered and arranged into a meaningful pattern. The knowledge form from data analysis serves as the business intelligence of the company.

There are very many types of information systems. Classification of information systems follows the organizational levels in which they are used or installed for use. For instance, there are management information systems; some of which will be covered in this project report. Management information systems (MIS), helps businesses meet their business objectives. Almost all organizations and businesses today use management information systems; be it large, small, startup or an established multi-national. This is for the sole reason that information systems have evolved from just being a tool to gain competitive advantage for businesses, to a vital tool, a necessity in the digital age we live in. Management Information Systems help managers make better-informed decisions and communicate with their superiors, as well as with all the stakeholders in the businesses their organizations are involved in.