MIS software

managementmanagement information systemfor aeronautics

What is a Management Information System (MIS)? A management information system (MIS) is a set of systems and procedures that collect data from a variety of sources to prepare a format to be used in the decision-making process. MIS provides a comprehensive overview of gathered data in a presentable format. It can produce regular reports on operations, financials, campaigns, etc for every level of management in an organization. Employees can easily obtain target-related reports from the MIS. Why Do Organizations Need a Management Information System (MIS)? As organizations evolve and grow, they amass huge amounts of data. This data is usually scattered throughout the organization and might be available in different systems and even in various geographical locations, which makes gathering and analyzing this asset extremely challenging. As a result, today’s organizations struggle to consolidate their distributed data in one single data source (Single Point of Truth) to achieve consistency and integrity in their reports. MIS plays a significant role in decision-making thanks to its capacity to compile scattered data. It has strategic power in building a road map for specific goals and targets. The number one purpose of the MIS is giving feedback about company performance on various topics whilst providing summary reports for C-level executives to monitor the organization as a whole. The information demonstrated by the MIS shows “actual situation” data over against “planned result” at large. Thus, it is a convenient tool to measure progress against KPIs and goals Objectives of MIS MIS has five key objectives as follows: Data Capturing Processing of Data Data Storage