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Core Functions of MIS:
Data Collection:
MIS systems gather data from various sources, both internal and external to the organization.
Data Processing:
Collected data is processed, analyzed, and transformed into meaningful information through various techniques.
Information Storage:
Processed information is stored in a structured manner for easy access and retrieval.
Information Dissemination:
The system distributes relevant information to the appropriate users in a timely manner.
Decision Support:
MIS provides the information needed by managers to make informed decisions, solve problems, and plan for the future.
Key Components of MIS:
Hardware: The physical components of the system, such as computers, servers, and networks.
Software: The applications and programs used to process and analyze data.
People: Individuals who operate and maintain the system and utilize the information it provides.
Procedures: The established rules and processes for using the system.
Data: The raw facts and figures collected and processed by the system.