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A strategic information system (SIS) is a computer system used by organisations to analyse market and competitor information, helping them plan and make their business more successful. It shapes the corporate strategy of an organisation by providing a connection between the organisation's demands and the latest information technology. This connection helps the organisation adapt to the continuous changes in the corporate environment; thereby gaining a competitive advantage
Importance of strategic information systems
SIS supports in decision making by providing useful information to executives and managers. It integrates data from various internal and external sources to give a comprehensive understanding of organisations performance and market trends
It can give a business competitive advantage by offering insightful data, also helps in identifying opportunities and risks giving business advantage over its competitors
It aids in achieving company's long-term goals and objectives
Types of Strategic information systems
Cost leadership strategy: Helps company reach the lowest costs in the industry through business process engineering, reducing costs from suppliers, and reducing costs to customers
Differentiation strategy: Provides products or services unique and offering more value to customers compared to competitors
Focus strategy: Helps companies focus on specific products or services within the organisation.
innovation strategy: Provides products or services with latest innovations
Alliance strategy: Creates cooperative relationships that benefit both suppliers and other companies, even with competitors
Growth strategy: Helps companies develop and diversify their market
Quality strategy: Helps improve the quality of product and services
