Chapter 1 Flashcards
What are the 3 changes in information systems lately?
1) using cloud more
2) growing business use of data
3) emerging with digital platforms
Digital firm
Significant business relationships with customers, suppliers, employees, digitally enabled
Core business processes
Accomplished through digital networks spanning the entire organization or linking multiple organizations
Business processes
Related tasks and behaviors organizations develop over time to produce specific business results. Developing a new product etc.
Key corporate assets
Intellectual property, core competentices, financial and human assets.
Time shifting
Work days, basically time shifting and business continuing 24/7
Business model
Describes how a company produces, delivers, and sells a product or service to create wealth
Information technology
Consists of all the hardware and software that a firm needs to use in order to achieve its business objectives
Information system
Set of interrelated components that collect or retrieve, process, store, and distribute information to support decision making and control in an organization. It may also help managers analyze problems, visualize problems and create new products
Information
Data that have been shaped into a form that is meaningful and useful to human beings
Data
Raw facts
What are 4 activities in an information system that produce the information that organizations need to make decisions, control Operations etc?
Input
Processing
Output
Feedback
Input
Captures or collects raw data from. Within organizations or from its external environment
Processing
Converts raw information into meaningful form
Output
Transfers processed information to people who will use it or to activities for which it will be used.
