CH 1 Flashcards
What are 3 applications of computers and information systems in your daily life?
- point of sale (POS) systems at check
- smartphones
- ATM machines
What are 3 recommendations for reducing risk and improving the privacy of your personal information while using social media?
- use long passwords with a mix of uppercase, lowercase letters with numbers and symbols
- do NOT post phone number or full address
- do NOT post children’s names, even in photo tags or captions
What is Business Intelligence?
Technology and strategies that provide historical, current, and predictive views of business operations and environments. (Gives organizations a competitive advantage in the marketplace)
Define a management information system (MIS).
An organized integration of hardware and software technologies, data, processes, and human elements designed to produce timely, relevant, accurate, and useful information for decision-making purposes.
What are 4 major components for an information system?
- data
- database
- a process
- information
What are 3 examples of decisions supported by logistics information system (LIS)?
- improved routing and delivery schedules
- selecting best modes of transportation
- improved transportation budgeting
What are Michael Porter’s 3 strategies for successfully competing in the marketplace?
- overall cost leadership
- differentiation
- focus
What are 3 examples of specific tasks performed by a data scientist?
- identify and collect data sets and variables
- ensure the accuracy and completeness of data sets
- analyze and interpret the results for the decision makers