Chapter 1 Flashcards
- What is a system?
An arrangement of components that work together towards a common objective
- What is an Information System?
Organized integration hardware and software technologies, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, information for decision making purposes
Components of an information system
data
database
process
information
data
raw facts that are the input of data systems
two sources of data
external (customers, competitors)
Internal (sales, records)
Database
collection of relevant data organized into files
processes
creates the most useful type of info for decision making
Information
facts that have been analyzed and are an output of info system
computer literacy
having basic knowledge of software
ex: know how to use word
Information Literacy
knowing the role of information and creating business intelligence with it
digital literacy
using technical, cognitive, and sociological skill to perform tasks on computer
need to be competitive
Automation
taking tasks done by humans and doing them by machines
automation advantages
productivity reduces error ensures compliance cost saving flexibility predictive repetition
3 strategies to competing gin market and how IS can help
cost leadership
differentiation
focus
porters 5
buyer power supplier power threat of sub product threat of new entrants rivalry among competitors
