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Strategic information system

From Wikipedia, the free encyclopedia

A strategic information system (SIS) is a computer system used by organisations to analyse market and competitor information, helping them plan and make their business more successful. It shapes the corporate strategy of an organisation by providing a connection between the organisation's demands and the latest information technology. This connection helps the organisation adapt to the continuous changes in the corporate environment and gain a competitive advantage [1]

Importance of strategic information systems

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SIS supports in decision making by providing useful information to executives and managers. It integrates data from various internal and external sources to give a comprehensive understanding of organisations performance and market trends[2]

It can give a business competitive advantage by offering insightful data, also helps in identifying opportunities and risks giving business advantage over its competitors[3]

It aids in achieving company's long-term goals and objectives[4]

Types of Strategic information systems

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  • Cost leadership strategy: Helps company reach the lowest costs in the industry through business process engineering, reducing costs from suppliers, and reducing costs to customers [5]
  • Differentiation strategy: Provides products or services unique and offering more value to customers compared to competitors [5]
  • Focus strategy: Helps companies focus on specific products or services within the organisation.[5]
  • innovation strategy: Provides products or services with latest innovations[5]
  • Alliance strategy: Creates cooperative relationships that benefit both suppliers and other companies, even with competitors[5]
  • Growth strategy: Helps companies develop and diversify their market[5]
  • Quality strategy: Helps improve the quality of product and services [5]

References

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  1. ^ lfuente (2001-10-04). "Characterization of strategic information systems". Monografias.com (in Spanish). Retrieved 2024-06-11.
  2. ^ admin (2021-10-08). "Strategic Information Systems: How to Compete in the Digital Age". SmartOSC. Retrieved 2024-06-11.
  3. ^ admin (2021-10-08). "Strategic Information Systems: How to Compete in the Digital Age". SmartOSC. Retrieved 2024-06-11.
  4. ^ admin (2021-10-08). "Strategic Information Systems: How to Compete in the Digital Age". SmartOSC. Retrieved 2024-06-11.
  5. ^ a b c d e f g "Strategic of information system". School of Information Systems. Retrieved 2024-06-11.