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An MIS is used to collect, store, analyse and present data for an organisation.
The system processes a large amount of data and organises it (such as in databases) so that it can be used for decision making
and general data analysis.
An efficient MIS can be used to display the financial status of an organisation, highlight areas of improvement and generate
sales forecasts based on current data.
• Specifically, a bank could use an MIS
for:
• Profiling customers.
• Collecting data- by using surveys or paper based
methos which can be handed out in store. Or even
use the software they may own to identify certain
products- via the database
• Storing data- these info tend to be storge in paper
based form or SSD- this therefore could provide a
sense of security if protected well, as paper based
can be filed away safely.