3.3 categories of information for organisations

Question 1

what is knowledge management and creation as a category of information for organisations

Answer 1

used to share knowledge within the organisation and to aid the creation of new ideas. e.g. analysing market trends

Question 2

what is a management information system (MIS) as a category of information for organisations

Answer 2

a computer based system providing an organisation with the tools to organise manage and evaluate departments within the organisation

Question 3

what is marketing, promotion and sales as an information category for organisations

Answer 3

used to identify trends in order to market and promote products and services to increase sales

Question 4

what is financial analysis and modelling as an information category for organisations

Answer 4

used to analyse financial information and build models of real world financial situations

Question 5

what is contact management as an information category for organisations

Answer 5

provides quick access to account names and contact information.

Question 6

what is decision making as a category of information for organisations

Answer 6

using available information to make an informed decision

Question 7

what is internal and external communication as an information category for organisations

Answer 7

providing a form of communication to staff and customers

Question 8

what is big data as an information category for organisations

Answer 8

any data too large or complex for traditional data analysis techniques to be used