BIM 1 Flashcards
What is information technology?
IT consists of all hardware and software that a firm needs to use to achieve its business objectives
Information systems are used to achieve the following objectives:
- operational excellence
to achieve higher levels of efficiency and productivity - new products, and business models
business model describes how a company delivers products - customer and supplier intimacy
the more a business is well-informed, the better suppliers can provide - improved decision making
- comeptitive advantage
- survival
a firm must invest in a new information system to comply with federal law - ESG leadesrip
environment, social, governance
A technical approach to information system
An information system is defined as a set of interrelated components that process information
What is meaningful information?
Data that has been shaped into a form that is meaningful and useful
What is data?
Streams of raw facts representing events occuring in organisations
what are 3 functions of IS?
Input captures raw data
Processing converts raw data to meaningful form
Output transfers the processed info to the people who will use it
IS also requires feedback
What is behavioral approach to IS?
IS is not just hard/software but also the organisational processes and people involved
What is a sociotechnical system? What are the 3 aspects surrounding IS?
Organisations, technology, and people surround IS
What are the steps for a problem-solving appraoch?
- Problem identification
- Solution design
- Solution evaluation and choice
- implementation
What is critical thinking?
The sustained suspension of judgement with an awareness of multiple perspectives
What are the 4 elements of critical thinking?
- Maintaining doubt and suspending judgement
2 Being aware of different perspectives - testing alternatives and letting experience guide
- being aware of organizational and personal limitations
What are the 3 different perspectives
- technological perspective
considers components of IT - organisations perspective
considers a firm’s business processes, culture, structure - people perspective
considers the firm’s managmenet and individual employees
What is ethics?
Ethics refers to the principles of right and wrong that individuals use to make choices to guide their behavior
5 moral dimensions of the information age
- Accountability
Who can be held accountable? - System quality
What standards do we hold? - Property rights
how are rights protected - Information rights
who has information rights
5 Quality of life
What results in legal gray areas from new IS?
New situations that are not covered by exisiting laws