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Strategic Use Of Information Systems Essay

3972 words - 16 pages

Title of the topic:"What are the Strategic uses of Information Systems and also their challenges "Table of contents
Description

Page Number

Summary

3

Introduction

3

Strategic Information System-General Definition

4

Key features of the Strategic Information Systems

6

Internet competitive intelligence

6

PORTER'S Competitive forces model and Strategies

7

Basic ways to gain competitive advantage

7

Challenges of Information Systems

7

Benefits of Using Information Systems in Business

9

Challenges of Using Information Systems in Business

9

References

10

SummaryThe concept of 'strategic information management' conveys manifold images, such as the strategic use of information systems, strategic information systems planning, strategic information systems. Information can now be delivered to the right people at the right time, thus enabling well informed decisions to be made. Previously, due to the limited information-gathering capability of organizations, decision makers could seldom rely on up-to-date information but instead made important decisions based on past results and their own experience. This no longer needs to be the case. With the right technology in place to collect the necessary data automatically, up-to-date information can be accessed whenever the need arises.[1][3]With the use of IT, as with most things, comes the possibility of abuse. Data integrity and security is of prime importance to ensure validity and privacy of the information being held. Managing the information involves identifying what should be kept, how it should be organized, where it should be held and who should have access to it. The quality of this management will dictate the quality of the decisions being taken and ultimately the organization's survival.[3]Strategic systems are those that link business and computer strategies. They may be systems where a new business thrust has been envisioned and its advantages can be best realized through the use of information technology. They may be systems where new computer technology has been made available on the market, and planners with an entrepreneurial spirit perceive how the new capabilities can quickly gain competitive advantage. They may be systems where operational management people and Information Services people have brainstormed together over business problems, and have realized that a new competitive thrust is possible when computer methods are applied in a new way.[12]When talking about the vast field of Information Systems there is not just one pressing issue, there are three: Accuracy, Usability, and Time. Without the combination of these three factors a business would go under in the matter of months.1. IntroductionAn information system, can be defined technically as a set of interrelated components that collect (or retrieve), process, store and distribute information to support decision making and control in an organization. In addition to supporting decision...

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