Question

Why are information systems essential for today's business? Please detailed and give examples.

Answer 1

There are various advantages of information systems in business world:

• Buyer supplier CRM can be developed using which the general issues between both the parties can be solved and it can result in better business which is beneficial for both the customers and the company.
• The productivity increases as most of the work can be done automatically which will save a lot of manpower and cost. The work can be completed much quickly and in lesser investment.
• The company can think of extending the product lines and can automate most of the work which can assist in expansion as well with the existing workforce.
• Information systems can help in data mining as well which can display a lot of trends and patterns which can help in taking several business decisions.
• Lastly, one of the main advantage that we feel is extra market share can be tapped and an edge can be gathered over competitors.