In today’s competitive business environment, “information” has become very important. Organizations spend lots of time and resources on gathering, storing, and analyzing data. Control of flow of information is equally important. Thus, information system has become essential for survival of any firm. Firms are using information system to improve efficiency, speedup decision making process, achieve higher customer satisfaction level, lower cost, improve quality, and create competitive advantage. 

Three ways in which information system are transforming business.