Chapter 1 - IS in a Global Econ Flashcards
What is the meaning of IS?
A system that is designed to collect data, process data, store it and distribute information
What makes a good information system?
- high manageability
- reliable
- scalability
- mobility (simple access from diff devices)
What is the difference between data and information?
Data - stream of raw facts about env or organization
Info - Data that has been shaped into a form that has meaning to the user of the info
Why do we require info systems?
- Helps the org advance its performance
- Improves decision making
- Helps transform the business
What are some ways IS are transforming business?
- online banking (x.com)
- wireless tech everywhere
- websites & ecommerce
- optimizing supply chains
Why do some companies that invest a lot in IT succeed and others dont?
It’s not about size of investment but how you manage your investment to improve productivity
What does it mean to have a successful IS?
Successful IS = correct technology + correct tools + correct methodologies + processes + people
What is the IS org?
The part of a company dedicated to the running and managing of the IS inside the org.
What is the new mission of the IS org?
The improvement of performance and innovation of peopne in orgs through IT
What are some major themes of change in the business environment?
- Globailization
- E-enablement
- BI through knowledge mgmt
What are some major trends in IT mgmt?
- Shift of governance from IT execs -> joint effort between IS and bus
- App Delivery -> Infrastructure and System Integration
- Outsourcing vs. Insourcing
What is the diff between procedure-based tasks and knowledge-based tasks?
Procedure - step-by-step tasks that usually involve handling data
Knowledge - Activities involving transferring knowledge and achieving objectives
What is the better model of IT orgs?
- A set of tech
- A set of users
- Method of delivery
- Managed by execs
