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A corporation may decrease burden, effectively utilize its data, and ensure compliance with numerous laws and regulations with the use of information technology.
Businesses want to be market leaders in the sectors they serve. Companies search for competitive advantages in environments when circumstances like recession, inflationary pressures, and increasing rivalry might obstruct the fulfillment of this goal. The implementation of information systems into the business is one such strategy. A corporation may decrease burden, effectively utilize its data, and ensure compliance with numerous laws and regulations with the use of information technology.
The long-term success of a corporation depends upon the soundness of its strategic plans. The management team of an organization develops strategic plans and makes decisions for the survival and success of the organization using information systems. Information systems are used by the company to assess data from all sources, including data from external sources like Reuters.
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