Chapter 1: Business Information systems in your career Flashcards
What are the business drivers of excellence?
- Operational excellence
- New products, services and business models
- Customer & supplier intimacy
- Improved decision-making
- Competitive advantage by doing things above
- Survival
- ESG leadership
What does IT stand for and mean?
IT stands for Information Technology and it is all the hard- & software needed by firms to achieve business objectives
What is an information system?
It is a set of components that collect, process, and store information to support business processes
What is information?
Data that have been shaped into meaningful and useful form
What is data?
Streams of raw facts that have not yet been organized
What are the four components of an information system?
- Input: captures data
- Processing: converts data into meaningful form
- Output: transfers useful information to people who need it
- Feedback: output that evaluates input stage
What is information system literacy?
It s understanding of people and organizational dimensions, as well as technical dimensions of a system
What is computer literacy?
This is a focus on knowledge of information technology
What are business processes?
Logically related tasks for accomplishing work.
What is culture?
These are fundamental sets of assumptions and values that have been accepted by most members and is different at each firm
Which organizational aspects play a role in information systems?
- Culture
- Business processes
What is computer hardware?
This is the physical equipment used for input, processing etc. Consists of pc’s, various input, output and storage devices and networking devices
What is computer software?
These are preprogrammed instructions that operate hardware
What is data management technology?
Software governing data on physical storage media
What are networking and telecommunications technology?
These technologies transfer data from one physical location to another.
Network links multiple computers to share data
What are intranets?
Internal corporate networks build on Internet technology
What are int
What are extranets?
Intranets extended to authorized users outside organization (clients, suppliers etc.)
What is IT infrastructure?
This provides a platform that information systems can be build on
What is the Internet of Things (IoT)?
This is a network of physical objectives with technologies to exchange data with other devices over the internet
What is Big Data?
These are large data sets of stuctured and unstructured data too complex to analyze using traditional methods
What is cloud computing?
Centralized system for managing data across Internet using remote computer centers
What is change management?
techniques to succesfully bring about change
What is critical thinking?
Waiting with judgment and listening to different perspectives and alternatives first.
