Strategic Information Management (SIM) is IS/IT strategies which significantly improve information use and context in order 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 (capital, labor, equipment) in this information society.
Organizations that manipulate and use IT as a part of their long-term thinking are achieving, maintaining competitive advantage in this global marketplace. Computer is just one component of an IS and it along with other related technologies has 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.