 business organizations and covers all transactions.

Such systems are termed as real time

systems in which the data can enter directly and can customize very easily.

 (MIS)Management Information systems: MIS can be one the important application of

information technology in business management. MIS stores all data related to business, supply
chain, accounting etc. for further analysis. In this way MIS stores all the information’ related to
the company in a systematic order and these information’s can be useful to forecast the future
plans and budgeting

 (DSS) Decision support systems:- These are systems which supports the senior
management of an organization to take decisions. These systems mainly analyses the data with
the applications of statistical tools and predicts the results in an easy and accurate way. So these
systems can easily predict the future of the company. Such intelligent systems can be termed as
decision support systems. These are very helpful in decision making or to analyze a company’s
overall performances.