Businesses need information in order to survive the deadly corporate jungle. This is due to the fact that any slip in information and they could go, just like that. So it is no wonder that companies really do stress the importance of being able to manage information systems really well. They spend hundreds of thousands of dollars on software, training and hiring people who can do such a job because they know that in the long run, it will really be worth it.
Business information systems deal with all the aspects of the entire nature of the corporation. From the highest rung of the ladder to the lowest, all sorts of information that have been keyed in and entered into the system gets classified and sorted where they really do belong. This also means it is easy to retrieve the information when the time to use it actually comes. That is, if the way it is organized is also efficient, so to speak. When it is not, serious damage could arise as a result. It is a well-known fact that many companies all over the world have risen up so high only to topple down and go out.
The reason for this is because these companies were not able to manage their information well. They either miscommunicated along the line, or some pertinent company related information had gone public and was not supposed to. For many companies, their demise serve as a lesson to do better and to be more careful with how they deal with the information they come across in their organizations.