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Its role is to support the key aspects of running an organization, such as communication, record-keeping, decision making, data analysis and more. Companies use this information to improve their business operations, make strategic decisions and gain a competitive edge.

Information systems have evolved over the last 40 years, including the move from the mainframe computer of the 1970s to personal computers becoming an integral part of the tracking and organizational process in the 1980s.

Management information systems (MIS)produce fixed, regularly scheduled reports based on data extracted and summarized from the firm's underlying transaction processing systems (TPS) helps to middle and operational level managers to provide answers to structured and semi- structured decision problems.

Information systems allow users to collect, store, organize and distribute data—functions that can serve a variety of purposes for companies. Many businesses use their information systems to manage resources and improve efficiency. And some rely on information systems to compete in global markets.

Information systems are important because they provide a means for businesses to manage their operations efficiently. In addition, information systems can help businesses to make better decisions by providing accurate and up-to-date information.

Our exploration goes further and proposes five roles that an information system may be allowed to take in an organization: Bureaucrat, Manipulator, Administrator, Consultant and Dismissed.

Good business information systems, however, are a critical tool for all businesses. They allow you to monitor profitability, manage inventory and products, respond to customer demands, improve financial management and provide banks, partners, investors and key stakeholders with vital and timely information.