The article focuses on information retrieval systems and its usefulness in business enterprises. Information systems (IS) are quickly emerging as critical resources to be leveraged for organizational productivity in many business, social, and economic enterprises. The explosive growth in information technology (IT) can be broadly attributed to the emerging novel linkages of IS/IT with several base disciplines, extending the reach of IS/IT to application domains. In this focus is on certain important and promising IS/IT frontiers identified from the perspectives of academia, industry, and federal research funding agencies. Author's objective is to focus the collective awareness of the IS community and those in related disciplines on some of the frontier developments in IS/IT with a vision of the road ahead and point to challenges and opportunities. The following emerging frontiers in IS/IT are addressed in the article: the integrated circuits revolution, object technologies, knowledge and distributed intelligence, the evolving multiagent intelligent systems, satellite networks and mobile computing and the virtual corporation of the next millennium.