IMPORTANCE OF INFORMATION SYSTEM
Information System is a set of interrelated components that collect, manipulate, store and
disseminate data and information and provide a feed mechanism to meet an objective. Information
System is finding its way in every sphere of life. The performance and functionality of any organization
or individual depends on the quality and reliability of the information system.
The rise in globalization has made an exponential gain in research, development and innovation
activities. On one hand many fast-growing economies such as India, China and Brazil are spearheading
new markets through their low-cost labour force, which has led to introduction of new products to serve
these markets. On the other hand, on all major continents, technological innovations and knowledge-
based expansion have made many countries compete in different ways.
There is a surge in interest in Information System (IS) as it is integrated with today’s business
environment. There are over 450 million computer users worldwide and around 2 billion households,
which are either browsing the web or surfing the Internet. An organization of any size, no matter how
large or small, cannot afford to ignore or miss out on the possibilities that IS provides. It's $21 trillion
global market has world-class potential for growth and expansion. This is a good time to explore what IS
means to current trends in management, science and technology as well as consumerism and
marketing.
Information System is a set of interrelated components that collect, manipulate, store and
disseminate data and information and provide a feed mechanism to meet an objective. Information
System is finding its way in every sphere of life. The performance and functionality of any organization
or individual depends on the quality and reliability of the information system.
The rise in globalization has made an exponential gain in research, development and innovation
activities. On one hand many fast-growing economies such as India, China and Brazil are spearheading
new markets through their low-cost labour force, which has led to introduction of new products to serve
these markets. On the other hand, on all major continents, technological innovations and knowledge-
based expansion have made many countries compete in different ways.
There is a surge in interest in Information System (IS) as it is integrated with today’s business
environment. There are over 450 million computer users worldwide and around 2 billion households,
which are either browsing the web or surfing the Internet. An organization of any size, no matter how
large or small, cannot afford to ignore or miss out on the possibilities that IS provides. It's $21 trillion
global market has world-class potential for growth and expansion. This is a good time to explore what IS
means to current trends in management, science and technology as well as consumerism and
marketing.
