INTRODUCTION
Information systems are the software and hardware systems that support data-intensive applications.
An information system is a collection of methods, practices, algorithms and methodologies that transforms data into information and knowledge desired by and useful for the individual and the group users in organizations and other entities. This system can involve a combination of work practices, information, people and technologies organized to accomplish goals in an organization.
All businesses today utilize some form of a technological information system in their company. Using an automated system to record and process business transactions is essential to running a profitable company and responding to market fluctuations. However, information systems are best for just collecting and reporting company information; management must still review and use the information for achieving company goals.
As information systems have enabled more diverse human activities, they have exerted a profound influence over society. These systems have quickened the pace of daily activities, affected the structure and mix of organizations, changed the type of products bought, and influenced the nature of work. Information and knowledge have become vital economic resources. Yet, along with opportunities, the dependence on information systems has brought new threats. Intensive industry innovation and academic research continually develop new opportunities while aiming to contain the threats.
A management information system (MIS) is set of internal controls that aid company management in running a business on a daily basis. The MIS is not just a computer information system that gathers information, but an overall decision-making tool used by management.
The information reported by the MIS will help management find areas that need improvement in