NEED FOR EFFICIENT INFORMATION SYSTEM IN A COMPETITIVE WORLD

In today's world, information systems are indispensable to businesses, industries, and organisations, to meet the future challenges. Organisations need ISs to meet the information needs of employees. More and more business organisations are using information systems to improve the way they conduct businesses, as discussed below;
IS, for many businesses, provide an opportunity to do businesses in a new way and thus gain huge profits and market shares.

ISs facilitates the acquisition , transformation, and distribution of information. ISs can improve decision making, enhance organisational performance, and help increase profitability.
The use of information systems to add value to the organisation can also give an organisation a competitive advantage. It provides significant, long-term benefit to a company over it's competition. ISs are used for strategic planning in a competitive world. It allows changing the structure, creating of new services, and improving upon the existing services.

Damaged or lost data can cause disruptions in normal business activities leading to financial losses, law suits, e.t.c. ISs help an organisation to better manage and secure its critical data.
ISs also improve integration and the work processes. ''It is a flat world'', as said by Thomas Friedman. More and more companies rely on virtual structures and outscoring, resulting in businesses to operate around the globe.

Operating in a global society poses several challenges to the organisations. Different countries have different standards, policies and law. Of course, there are language barrier too.
Managing and controlling operations of an organisation located in different countries becomes almost impossible without the support of efficient ISs.
For an organisation, Information System impact the way business is carried out. Organisations need to have efficient IS to improve and manage their function, perfomance, and productivity.

Briefly summarized, ISs are important for business today due to the need for operational excellence, new products, services and business models, improved decision making, competitive advantage, and the most important survival.