The role of information grows in contemporary organizations in the conditions of contemporary knowledge-based economies. The importance of information grows due to the increased possibility of advanced processing and analysis of large data sets in Big Data database systems, in the cloud computing and using also other technologies typical for the current technological revolution called Industry 4.0.
The importance of information also grows in the context of effective reporting, which is required for capital companies that are issuers of securities. The importance of business information grows due to its use in the processes of economic analysis carried out using Busiess Intelligence analytical platforms. Also in the context of growing competition in the markets, in the conditions of consumer markets, growing requirements and expectations from consumers and potential contractors, the importance of information shaping the company's brand image that determines the company's reputation, mission and competitive situation is growing.
Reliably provided in accordance with the actual state of information regarding the offer of products and services, information on the characteristics of, e.g., chemical composition of materials from which specific products are made is the foundation of company credibility and compliance with good practice, also the principles of business ethics towards customers, consumers, business partners, shareholders and investors. In view of the above, the importance of an efficient company information management system is growing in today's growing companies. It is important to improve the corporate information system in order to improve the flow of information through various levels of organizational structure and information flowing between departments in the organization.
It is important to improve information security systems and information systems, information databases and information transfer in the company as well as intranet and Internet communication.
Do you agree with my opinion?
In your opinion, what are the most important determinants of the importance of information in the context of the smooth functioning of the company?
Please reply
Best wishes
I agree with you especially on what you have highlighted as the determinants of the importance of information in organization. I think information is also embodied in the concept of knowledge management which is an important aspect of today's organization.
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