Information systems are very useful in managing an environment or an organization. It is appreciated and used all over the world especially in many leading organizations. The information technology systems based on the information of the organization and provide help in achieving corporate missions through this information database. There are 3 types of information systems named as financial, operation and strategic systems (Belmonte, 1997, P 23-29). These 3 systems are inter-related. For operation strategy both the operation and strategic systems are implemented and used.
The implementation of information system provides various competitive advantages to the organizations including support and flexibility to any change within the organization, provide help in identifying and managing risks and most important provide support in establishing and managing strategy for the future of organization either it is related to operational strategy or strategy for competition in market. The latest information systems are highly efficient and more effective which is also discussed in a research published in 2009 (Lowson, 2002, P 21-27).
The major and considerable factor of competitive environment is the management of knowledge. In order to take competitive advantages then organization must have to move towards information technology systems that provide helps in taking such advantages with the help of its knowledge database. Another benefit provides by the information system is the effective decision making which cannot be achieved without IT system. As this system maintains the records of the information either it is related to organization or related to customer, this helps the management when they are going to take decision by providing the results of previous related decisions (Hamel, 1994, P 5-9).
Advantages of IT management
Project completion
As this management system provides a way or access to the senior management to continuously monitor the current situation of work at different sites and projects; therefore, it is easy and possible for the management to ensure the completion of project on time without any delay.
Integrity
The integrity is very important factor in large organizations whose work is not limited inside a country or state. If integrity is absent in such organizations, and then organizations have to pay a considerable cost in the form of project failure (Love, 2007). In today world, the currently employed information technology based management system ensures integrity in the organizations which is most important factor that should have to be considered when someone plans future of its organization.
Effective Monitoring
The integrity provided by application management is very important when we going to discuss the monitoring of the systems (Van, 1994). If integrity is not present in the large firms, then how the senior management can monitor the performance of department or individual persons effectively. In this situation, they have to rely on their junior managers, who may provide wrong information, which becomes very costly for company in the end. That's why, the current application management provides monitoring of compete resources either it is finance or human resource.