In today’s fast-paced and technology-driven business landscape, information systems have become an integral part of organizations across various industries. With the increasing reliance on data, digital transformation, and the growing need for strategic decision-making, a degree in information systems holds significant relevance. This article will explore the reasons why information systems is a relevant degree in today’s business environment, supported by relevant citations
- Leveraging Data for Strategic Decision-Making:
The abundance of data generated by modern businesses presents both opportunities and challenges. Organizations need professionals who can effectively manage and analyze this data to make informed strategic decisions. According to a report by Deloitte, “businesses that effectively harness their data have the potential to outperform their peers by up to 20% in operating margin.” [1] A degree in information systems equips individuals with the knowledge and skills to collect, process, analyze, and interpret data, enabling them to contribute to data-driven decision-making processes. - Enabling Digital Transformation:
Digital transformation has become a necessity for organizations aiming to stay competitive and meet evolving customer expectations. Information systems professionals play a critical role in driving digital transformation initiatives. They possess the expertise to design, implement, and manage technological solutions that enhance operational efficiency, optimize business processes, and create new revenue streams. The Harvard Business Review emphasizes that “information technology and business are becoming inextricably interwoven,” and organizations need individuals who understand this intersection to drive successful digital transformation. [2] - Enhancing Cybersecurity:
As businesses become more digitally connected, the risk of cyber threats and data breaches continues to rise. Organizations need professionals well-versed in information systems to protect their critical data and IT infrastructure. A study conducted by the Ponemon Institute found that organizations with a strong security posture save an average of $2.8 million per data breach incident. [3] Information systems graduates possess the knowledge of cybersecurity principles, risk management, and secure system design necessary to safeguard sensitive information, ensuring the resilience and continuity of business operations. - Facilitating Collaboration and Communication:
In today’s interconnected business environment, effective collaboration and communication are vital for success. Information systems provide the tools and platforms necessary for seamless communication and collaboration within and across organizations. A study published in the Journal of Management Information Systems states that effective communication and collaboration facilitated by information systems positively impact team performance, innovation, and overall organizational effectiveness. [4] Professionals with a background in information systems can leverage their skills to streamline communication channels, integrate systems, and foster collaborative work environments.
Conclusion:
In conclusion, the relevance of information systems in today’s business environment cannot be overstated. A degree in information systems equips individuals with the necessary knowledge and skills to leverage data for strategic decision-making, drive digital transformation, enhance cybersecurity, and facilitate collaboration and communication. With the increasing importance of technology and data-driven decision-making, organizations across industries recognize the value of professionals who possess expertise in information systems.
Citations:
[1] Deloitte, “Bridging the Data Divide: 2019 Global Survey on the Economics of Data”, 2019. [Online]. Available: https://www2.deloitte.com/content/dam/insights/us/articles/4752_Bridging-the-data-divide/DI_Bridging-the-data-divide.pdf
[2] N. Carr, “IT Doesn’t Matter,” Harvard Business Review, 2003.
[3] Ponemon Institute, “2019 Cost of a Data Breach Report,” 2019. [Online]. Available: https://www.ibm.com/security/data-breach
[4] P. Leonardi and C. Huysman, “Exploring the Microfoundations of Organizationl Social Media Research,” Journal of Management Information Systems, vol. 30, no. 4, pp. 13-38, 2014.
