Management information systems can evaluate different possibilities and all you to examine scenarios.
What-if scenarios are a powerful tool that help you decide on the best strategy for the company.
Bert Markgraf is a freelance writer with a strong science and engineering background.
No enterprise applications existed; programmers painstakingly wrote code to carry out these functions, usually on a mainframe.
These systems were business-critical, meaning a business would fail if it had to go back to manual accounting. The CFO oversaw MIS, ensuring the developers and administrators delivered what accounting needed.
You can search for trends by asking the systems to project past performance patterns into the future.
Management information systems have sophisticated mathematical analysis tools that can evaluate relationships and calculate probable future trends.