Chapter 11 Flashcards
Technology has Forever changed business
- all businesses are being transformed by technology
- disruptive innovation: less expensive and simpler version of existing products and services that target entirely new customers, many times replacing industry leaders
Data
raw facts and figures that may or may not be meaningful to a business decision
Information
knowledge gained from processing those facts and figures
information system
an organized method for collection, storing, and communicating past, present, and projected information on internal operations and external intelligence
chief information officer (CIO)
the executive responsible for managing a firm’s information systems and related operations
- traditionally reports directly to the chief executive officer (CEO)
Big data
large or complex data sets, traditional processing applications are usually inadequate to analyze
Computer-based information systems
rely on computer and related technologies to store information electronically in an organized, accessible manner
- computer hardware
- computer software
- a network
- database
Database
centralized, integrated collection of data resources
- designed to meet the information processing and retrieval needs of a company’s workforce
- serves as an electronic filing cabinet, capable of storing massive amounts of data and retrieving it within seconds
Operational support systems
designed to produce a variety of information on an organization’s activities for both internal and external users
- transaction processing system
- process control system
Management support systems: information systems that are designed to provide support for effective decision making
Computer Hardware and Software
- the early commercial computer was sold in the U.S. in the early 1950s at a cost of $1 million, took up most of a room, and could perform about 2000 calculations per second.
- In the 1970s and 1980s, the idea of a computer on every desk was unimaginable
Hardware
- all tangible elements of a computer system
input devices
components that store and process data and perform required calculations (keyboard, mouse)
Output devices
The hardware elements that transmits and display documents and other results of the computer system’s work (monitors, printers)
Mainframes
largest type of computer system, with most extensive storage capacity and fastest processing speeds
Midrange systems
high-end network servers, that can handle large-scale processing needs