Management information systems (MIS) is a changing and challenging field. Modern businesses can’t survive for long without using some kind of MIS to manage massive amounts of knowledge, and there are many opportunities to review or add discipline. In this blog, we’ll cover what is happening with MIS in both business and academia. You’ll learn about what constitutes an MIS, their origin and evolution, their capabilities, and also gain insights from experts in the field.
MIS produce data-driven reports that help businesses make the proper decisions at the proper time. While MIS overlaps with other business disciplines, there are some differences:
Enterprise Resource Planning (ERP): This discipline ensures that each one departmental system are integrated. MIS uses those connected systems to access data to make reports.
IT Management: This department oversees the installation and maintenance of hardware and software that are parts of the MIS. The distinction between the 2 has always been fuzzy.
E-commerce: E-commerce activity provides data that the MIS uses.
In the days where businesses recorded all transactions in a bound ledger, tallying and tracking what was going on took a lot of time and work. In the late 1800s, process automation began to seem within the shape of punch cards. Associated machines tabulated the punched card data and printed results, which made it easier to capture transactions. The company that came to eventually be referred to as IBM was founded within the early 1900s and have become the leader in business machines and punch cards. These cards evolved from an answer to automate pattern creation in weaving machines. The company adapted the thought to store and input file for applications from as simple as a time for payroll to very complicated uses like recording census data. When general-purpose computers became available after WWII (originally developed for codebreaking, calculating shell trajectories, and other war-related needs), the punched card became an input method also as a way to store outputs (though it required readers to decode and print the info so people could read it).
Later, magnetic media (such as tapes and floppy disks) took over the storage of input and output, and computers could read and write on to their own memory. This eliminated the need for specialized machines. Next, optical media (like CDs and DVDs) that would store far more data on one disc came along. Today, we are transitioning to flash memory (which also goes by solid-state, as in a solid-state drive or SSD). Flash memory has a higher capacity, is less volatile, and you can reuse it thousands of times with little degradation in quality.
Each of these periods has brought an increase in storage capacity at a lower cost. In tandem with the constant increase in computing power, more and more powerful software, almost-ubiquitous connectivity via wifi and mobile devices, and ever-expanding networking that evolved into the internet, work that previously took many hours – like tabulating a company’s shipping costs over a year or population increases in a state over a century – now takes little time or human effort.
Categories of Management Information Systems
The management information system is a broad term that incorporates many specialized systems. The major types of systems include the following:
- Executive Information System (EIS)
- Marketing Information System (MkIS)
- Business Intelligence System (BIS)
- Customer Relationship Management System (CRM
- SalesForce Automation System (SFA)
- Transaction Processing System (TPS)
- Knowledge Management System (KMS)
- Financial Accounting System (FAS)
- Human Resource Management System (HRMS)
- Supply Chain Management System (SCM)
Hence by the very core nature of MIS importance in organizations, it is very vital to the day to day functioning of an organization.