Management Information System (MIS) - Importance, Benefits and Applications

MIS

MIS refers to Management Information System. It is basically concerned with the use of people,
technology and business processes in order to record, store and process the data to deliver
valuable information that can be helpful in decision making for the people of higher authorities
who are responsible to make decisions1. There are several kind of information and some
decisions depending upon them so it is important to get the accurate information and focus on
right direction. Management Information system is a whole bundle of hardware, systems,
procedures and the people involved in it. They all work together to achieve a common goal and
produce the information that is valuable for the organization. The importance of Management
information system-
 Decision making- Management information system helps in decision making as it
provides valuable information.
 Communication- All the employees of an organization can easily get any information
required by them for day to day operations. It helps in communicating with customers
and suppliers as well by using SMS and E- Mail services2.
 Record Keeping- Management Information system helps in maintain all the records of
an organization and gives a reference point of each transaction.
 Integration- It helps in the integration of all the departments and information within an
organization.
1 Laudon, Kenneth C., and Jane P. Laudon. Management information system. Pearson Education India, 2016.
2 Galegher, Jolene, Robert E. Kraut, and Carmen Egido, eds. Intellectual teamwork: Social and technological
foundations of cooperative work. Psychology Press, 2014.