The Future Trends of MIS
During the growth of a competitive global environment, there is considerable pressure on most organizations to make their operational, tactical, and strategic process more efficient and effective. MIS stands for management information systems, which defines as the management and use of information systems that help organizations achieve their strategies. It provides information that organizations require to manage themselves efficiently and effectively. The future trends in MIS are strategic importance for businesses.
Businesses use information systems at all levels of operation to collect, process and store data. Management aggregates and disseminates this data in the form of information needed to carry out the daily operations of business. Everyone who works in business, from someone who pays the bills to the person who makes employment decisions, uses information systems. A car dealership could use a computer database to keep track of which products sell best.
A retail store might use a computer-based information system to sell products over the Internet. In fact, many businesses concentrate on the alignment of MIS with business goals to achieve competitive advantage over other businesses.
Enterprise Resource Planning Management Information Systems are complex decision support systems used by companies to enhance and improve their business operations. Historically, an MIS was a management tool to help company management make informed decisions for their business based on information gathered from all business departments. Technology has greatly improved the effectiveness of the MIS. "Enterprise resource planning (ERP) software is a form of MIS that is installed in all departments and locations of businesses to enhance the availability of company information" (MIS). With the globalization of the economic marketplace, companies have sought ways to improve their ability to collect and report financial information to management for effective decision...