Question

Talk about "Information Systems in Global Business Today". How are information systems transforming business and why are they so essential for running and managing a business today? Explain in a couple of paragraphs.

Answer 1

Why information systems are so essential for running and managing a business today-

Nowadays, information systems are a foundation for conducting business. In many industries, survival and even existence is difficult without extensive use of information technology. They have become essential for helping
organizations operate in a global economy. Organizations are trying to become more competitive and efficient by transforming themselves into digital firms where nearly
all core business processes and relationships with customers, suppliers, and employees are digitally enabled. Businesses today use information systems to achieve objectives like operational experience in new products, services, and business models, customer inor supplier intimacy, improved decision making; competitive advantage and day-to-day survival. So, they are so essential for running and managing a business today.

How information systems are transforming business-

• Communication like cell phones, BlackBerrys, handhelds, e-mail, online conferencing, and international teleconferencing over the Internet have all become essential tools of business.
• Media markets — access to news online, reading and writing blogs, and increases in e-commerce and Internet advertising.
• Data warehouses and data mining — allowing companies to understand and target their customers, and also spurring the growth of privacy legislation to protect the rights of individual.

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