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amina

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Text Preview  Benefits and challenges of using MIS in Business Information systems have revolutionized the way business is conducted. You’d be hard pressed nowadays to find too many companies that do not rely on computers in some shape or form. Management information systems provide many tangible and significant benefits to businesses which can increase productivity, efficiency and, ultimately, profitability. While the benefits are vast, it is important companies also understand the challenges and responsibility that come with using information systems. While technology enhances and increases capabilities of business, there are other factors to consider as well. Here is a brief overview of the benefits and challenges of using information systems in business: • Benefits of using information systems in business: 1. Reducing the level of redundancy equates to cost-savings. When redundancy is reduced and/or eliminated, this saves on man hours worked and frees up employees to take on other tasks. In addition, processes can be streamlined through information systems which further reduce redundancy. 2. Efficiency is another tangible benefit of assimilating information systems. When computers can take over some of the tedious, detailed and mundane tasks, this makes processes move more quickly with a higher degree of accuracy. While it’s true employees still play an importance role in ensuring data is entered correctly, once entered in the program, the management information system can effectively increase efficiency and data integrity. 3. With proper planning a company can maximize profit while decreasing overhead costs. Implementing a new system typically comes with a large price tag, but if business requirements and processes are properly and accurately identified, the payoffs can be big. 4. Investing in information systems keeps a business competitive and helps an organization carry the ability to maintain... Show More

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