What is the full form of MIS ?

Mis Description:
The full form of MIS is Management information systems. The management information system is a computer-based system that includes both hardware and software that is used to serve as the backbone of an organization’s operations.
This management information system collects data and information from different online systems, analyse that information and reports this data to the management decision-making process. The management information system is also called the study of how other systems work because it analyses the processes of other operations.
The management information systems are mainly used to improve decision making by analysing the past data. Management information systems surely help to improve the decision making by providing updated and accurate data and information on different assets of an organization such as –
The managers who want to analyse the data by reports use the collected and stored data by management information systems available to them.
This way these management information systems help to correlate various data points to create strategies to improve the decision and operations involved. For instance, MIS helps to compare sales of the present month with the past year and this can lead to better decisions in that section to boost revenue.
The management information system is a great way to compile data to make comparisons and make better decisions.
MIS is a lot helpful to run reports that include all kind of disparate data points. However such features of MIS cost more money.
It is expensive to implement such features in a Management information system. MIS is expensive because it contains the cost of hardware and software and also the integration of MIS with other existing systems.
MIS is not just a system learned easily so the cost of a Management information system also includes training