Introduction:
MIS is a great tool for the organizations and companies to track the various activities happening in the organization. These activities can include the product produced, bought or sold; services, inventory, business partners, people, processes and a lot more. The MIS helps the managers to create reports about and for the various resources and stakeholders of the organization. MIS keeps company’s information organized which can be utilized when required.
Strengths:
MIS has its own strengths as listed below. To understand those strengths, we would use a hypothetical organization which gives insurance.
· A complete MIS solution can give a Comprehensive picture of the company’s performance at any point of time.
· A secure MIS solution can be very transparent and can help organizations to keep a check on any malpractices happening in the organization. For example the insurance agents might have a link up with the doctors certifying the fitness of the insurance buyer. A report in an MIS which alerts the management if more than 90 % of the customers coming from that doctor-agent pair pass the medical examination would help the management to identify such malpractices in the organization. This is one of the strengths of the MIS.
· The flow of information among the various departments of the organization becomes lucid, smooth and accurate. The insurance company needs to send the information to the central government about the number of insurance buyers aged between 25 and 30 with weight more than 90. Without an MIS, it would be difficult to go through the hard copies of the documents and find out such information, collect it and send it to the concerned party. Moreover, it would be also a hectic job for the central Government to upload the data. MIS would definitely help in this scenario.
· MIS helps in maintaining the three pillars of security in any organization. If used properly, it can help the organization in keeping the confidentiality, integrity and availability of the data.
· MIS improves the problem solving capabilities of the Organization
Weaknesses:
· MIS is totally based on transactions. This is one of the key weaknesses of the MIS. If transactions are not captured properly, the resulting information would also be faulty. This is an inherent flaw of MIS which cannot be mitigated.
· With the amount of data growing, MIS would require a lot of processing power to produce the expected results in time.
· MIS is highly sensitive to changes. Due to the enormous data, any change in the meta data would require a careful observation of the system. A small gap in the change may lead to drastic and devastating results.
· The requirement gathering for the system should be very comprehensive, detailed and effective. As discussed, the system is highly sensitive to changes.
Opportunities:
· The decisions supported with flawless information combined with the wisdom of the directors of the company can lead to unforeseen opportunities. One of the basic decisions of investment can be made through the information given by the MIS.
· A system in the manufacturing firm can control the flow of materials. This can reduce the cost of inventory. The concept of just-in-time can only be implemented if it is backed by a flawless MIS.
· Marketing and sales departments can be more accurate in their demand forecasting if a good MIS system is available to them. This forecasting can be used by the production and the whole organization can be benefitted by this.
· Human Resource MIS manages employees and selection of employees. Human resource MIS looks at needs of the employees, the workforce rules, hiring process, training, and job assignments. The company's Human resource MIS is in charge of payroll and medical care for its employees.
Threats:
· As with any IT system, security is a big threat to the MIS system. All the data is on the network. Any vulnerability or loophole can turn into a potential security flaw. Very keen care should be taken for the system on this aspect.
· As discussed in the weakness part, the system is totally dependent on the transactions. The transaction capturing system should be very accurate in capturing the data. Any violation in any of the rules in the captured data would percolate to the upper layer.
· The designing of the information can also turn out to be a threat if the design is not flexible enough to entertain the change requests. MIS is a supporting system for the management. Any change in management may require in the change in the MIS. The system should be capable enough to handle such changes.
· Natural threats can turn out to be devastating of no backup of the system is taken. A complete backup policy and business continuity plan should be in place for even the smallest part of the MIS.
· MIS is nothing without the human wisdom. If these systems or the information about the system falls into wrong hands, it can be misused. This is one of the biggest threats of MIS.
This analysis is totally according to my understanding of the MIS. No references are given as the content is totally my own.
Thank you,
Saurabh Acharya

