Impact of future information systems on business strategies

Abstract

The authors emphasize the need to formulate strategies to exploit the wide-ranging services offered by these systems. It is pointed out that information transfer and manipulation are increasingly becoming the key factor in successful business decisions. As information becomes extremely valuable, it becomes pertinent to have a long-term strategy for information technology, and to ensure that it adapts well to the corporate objectives and culture. It is concluded that new communication technologies will have far reaching effects in the success of corporations in an information-intensive environment. Business strategists need to comprehend the capabilities of emerging communication systems in order to deal effectively with the issues of privacy and information security.<>