Strategic information system

A strategic information system (SIS) is a computer system used by organizations to analyze 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 ^[1]

Importance of Strategic Information Systems

SIS supports decision-making by providing valuable insights to executives and managers. By integrating data from multiple internal and external sources, SIS provides a comprehensive view of an organization's performance and market trends.^[2]

SIS can give a business an advantage over its competitors by offering insightful data. It also helps in identifying opportunities and risks.^[3]

SIS aids in achieving a company's long-term goals and objectives.^[4]

Types of Strategic Information Systems

• Cost leadership strategy: Helps a 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 unique products or services and offering more value to customers than competitors. ^[5]
• Focus strategy: Helps companies focus on specific products or services within the organization.^[5]
• Innovation strategy: Provides products or services with the 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 products and services.^[5]