Strategic Information Management (SIM) are IS/IT strategies which significantly improve information use and context to enhance performance and coordinate activities across functional and business unit lines, as well as the interactions with external entities, in pursuit of competitive advantage. Information Technology is bringing about a “paradigm shift” in the way we think about problems, markets, the economy, and social interactions. Information has become the fourth strategic resource for organizations, after capital, labor, and equipment, in this information society.
Organisations that manipulate and use IT as a part of their long-term thinking are achieving and maintaining competitive advantage in this global marketplace. Computers are just one component of an IS and, along with other related technologies, have allowed us to obtain or collect data, process data, and deliver information (reports) more rapidly and reliably. We live in an era of constant change and, therefore, must prepare ourselves to cope with it.