Which system is used to collect and analyze data for managerial decision-making?

Management Information Systems (MIS) are specifically designed to collect, process, and analyze data in order to support managerial decision-making. These systems convert raw data from various sources into meaningful information that managers can use to make informed decisions.

MIS typically provides reports, dashboards, and analytics that highlight trends, performance metrics, and various other insights that are crucial for strategic planning and operational control. The key purpose of an MIS is to ensure that decision-makers have timely and accurate information at their disposal, enabling them to optimize their decision-making processes.

In contrast, other systems like Transaction Processing Systems focus more on capturing and processing day-to-day business transactions rather than synthesizing information for managerial analysis. Data Mining Systems are used to discover patterns and relationships in large data sets but are not specifically tailored for regular managerial decision support. Enterprise Resource Planning systems integrate various business processes but are broader in scope and primarily designed for resource management rather than direct data analysis for decision-making.