Chapter 2 Flashcards
Business
A formal organization whose aim is to produce products or provide services for a profit.
Business intelligence
Applications and technologies to help users make better business decisions.
Business processes
The unique ways in which organizations coordinate and organize work activities, information, and knowledge to produce a product or service.
Chief data officer (CDO)
Individual responsible for enterprise-wide governance and usage of information to maximize the value the organization can realize from its data.
Chief information officer (CIO)
Senior manager in charge of the information systems function in the firm.
Chief knowledge officer (CKO)
Responsible for the firm’s knowledge management program.
Chief privacy officer (CPO)
Responsible for ensuring that the company complies with existing data privacy laws.
Chief security officer (CSO)
Heads a formal security function for the organization and is responsible for enforcing the firm’s security policy.
Collaboration
Working with others to achieve shared and explicit goals.
Customer relationship management (CRM) systems
Information systems that track all the ways in which a company interacts with its customers and analyze these interactions to optimize revenue, profitability, customer satisfaction, and customer retention.
Data workers
People such as secretaries or bookkeepers who process the organization’s paperwork.
Decision-support systems (DSS)
Information systems at the organization’s management level that combine data and sophisticated analytical models or data analysis tools to support semi-structured and unstructured decision making.
Digital dashboard
Displays all of a firm’s key performance indicators as graphs and charts on a single screen to provide one-page overview of all the critical measurements necessary to make key executive decisions.
E-government
Use of the Internet and related technologies to enable government and public sector agencies’ relationships with citizens, businesses, and other arms of government digitally.
Electronic business (e-business)
The use of the Internet and digital technology to execute all the business processes in the enterprise; includes e- commerce as well as processes for the internal management of the firm and coordination with suppliers and other business partners.