Final answer:
Agile development is an information system development process that emphasizes flexibility to embrace change and allows for iterative and incremental development.
Step-by-step explanation:
The information system development process that emphasizes flexibility to embrace change is called Agile development. Agile development is a methodology that focuses on iterative and incremental development, allowing for changes to be made throughout the process based on feedback and evolving requirements. It promotes collaboration, adaptability, and the delivery of working software in short iterations.