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Strategic information system

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

Importance of strategic information systems

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 an organization's performance and market trends

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

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

Types of Strategic information systems

  • 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
  • Differentiation strategy: Provides products or services unique and offering more value to customers compared to competitors
  • Focus strategy: Helps companies focus on specific products or services within the organisation.
  • innovation strategy: Provides products or services with latest innovations
  • Alliance strategy: Creates cooperative relationships that benefit both suppliers and other companies, even with competitors
  • Growth strategy: Helps companies develop and diversify their market
  • Quality strategy: Helps improve the quality of product and services

References

  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. ^ "Strategic of information system". School of Information Systems. Retrieved 2024-06-11.
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