The importance of an Information Strategy

Since its inception, IT has focused on reducing costs through process automation and the implementation of applications. However, that is no longer enough to sustain competitive advantage in a rapidly changing world. Today, important business decisions depend on having up-to-date, trustworthy information. At the same time, you need to assess the internal and external risks involved in such decisions. This is not easy, which is why organisations need to build an Information Strategy to guide them towards a coherent, integrated environment for managing and delivering information in support of their business goals.

Such a strategy involves not just software but a broader spectrum of concerns. Focus on information as a corporate asset is required to support key business aims. We need to move away from the current environment in which data is treated as separate from (and subservient to) applications and business process

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