Business Finance
Describe what is meant by information management system (IMS).

Question Description

Describe what is meant by information management system (IMS).

Final Answer

Information Management System was introduced by IBM in year 1968. Since then, there have been made many changes in information management system and it has adapted many new programming tools and techniques. Information management system is basically a database and transaction management system. 

It consists of two major elements which are information management system database and information management system transaction management. 

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