Management Information Systems
It has been described as, "MIS 'lives' in the space that intersects technology and business. MIS combines tech with business to get people the information they need to do their jobs better/faster/smarter. Information is the lifeblood of all organizations - now more than ever. MIS professionals work as systems analysts, project managers, systems administrators, etc., communicating directly with staff and management across the organization."
Management Information Systems are important instruments in corporate houses, financial institutions and large organizations to support decision-making process. In this sense they are a class of information institutions along with libraries and KMS (knowledge management system). These systems use the raw (usually historical) data from data processing systems to prepare management summaries, to chart information on trends and cycles and to monitor actual performance against plans or budget.