Modern business is spurred on by technology and innovation. The driving force behind these two things is information and how it is used. For decades, business used information as a strategic tool to grow customer base, market share, cut costs and to gain the overall target of increased profits and efficiency. In the modern environment, information on its own isn't enough, what's required is a way to use this information properly, keep it secure and to make it accessible to the appropriate parties. To do this, a new strategic asset has been developed. The new asset is Information Technology and in the business context it's called Management Information Systems (MIS).
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