Final answer:
Information is the term that describes facts analyzed by a process component in MIS, which makes it useful to the user. This processed data is verified and based on evidence, thus becoming meaningful for decision-making.
Step-by-step explanation:
The term that consists of facts that have been analyzed by the process component and are therefore more useful to the MIS (Management Information System) user is information. Unlike raw data, information is processed, organized, structured, or presented in a given context to make it meaningful and useful. The transformation of data into information involves verifying that the facts are accurate and can be proven correct, which aligns with statements of fact being built on evidence and data. Analysis plays a crucial role in this process because it provides the foundation for creating reliable information that organizations can use to make informed decisions.