The Role of Information Systems in running businesses in Nigeria

Gabriel Fatoye

The role of the importance of information systems in running businesses in Nigeria cannot be over-emphasized. Many business in Nigeria now use Information and Communication Technologies to ably manage their operations, make better decisions and achieve competitive advantage, and also to facilitate seamless internal and external communications with their employees, customers, partners, and other stakeholders.
Today, the main focus of businesses is to stay globally competitive by leveraging the capabilities of modern information and communication technologies (ICT).

Businesses can use ICT to provide products & services of the highest quality at affordable prices and top-rated customer service and enter new markets through e-commerce.

Globalization, collaboration, and integration have become the new drivers in this competitive arena. To remain competitive, businesses are investing in modern information systems like Enterprise Resource Planning (ERP) software, which integrate the different functional areas of the business, and provide consistent real-time data for fast decision making. ERP systems help companies manage their operations seamlessly across the globe.

Today, companies have eliminated the inaccuracy of paper-based tracking by implementing ERP systems.

Many businesses have begun to participate in the global market, as it presents a chance for greater revenue and larger business prospects.

 For smaller businesses, controlling operations and storing information are less complicated. As businesses grow, especially those intersecting with global relations, information systems are used to manage operations accurately without growing the number of employees. The growing supply chains require that software solutions be used in the following sectors:

·         Web-based ordering

·         Customer relationship management

·         Product configuration

As businesses and organizations today require more and more technical skills, companies are looking for employees who will help manage and operate the various information-based tools.

Additional information from the internet