InfoSys Flashcards
What is five trends that will shape construction and capital projcts?
1.digital collaboration and mobility 2. Higher definition surveying and geolocation 3. Next generation 5D buiding information modeling 4. Future-proof design and construction 5. The Internet of Things and advanced analytics
What is “Digital collaboration an mobility”?
Moving to paperless projects, from the office to the workplace
What is “Higher-definition surveying and geolocation”?
Rapid digital mapping and estimating
What is “Nexr generation 5D building information modeling”?
Design platform for the future
What is “Future-proof design and construction”?
Designing with materials and methods of the future
What is “The internet of things and advanced analytics”?
Intelligent asset management and decision making
Tell about digitalization(keywords technology, transformation)
1.Digitalization is not about technology, it is about how technological developments change the way organizations operate and do business. 2. Digitalization is not about transformation, it is about adaptation. 3.
Digitalization is about the ability of organizations, its leaders and employees, to adapt to rapid changes wrought by evolving digital technologies
What is data?
raw facts
what is information?
Collection of data organized in such a way that they have value beyond the facts themself
what is a process?
Set of logically related tasks performed to achive defined outcome turning data into information
What is knowledge?
Awereness and understanding of set of information and the ways it can be made useful to support a task
Say some datasources
Media, social media, sensor data, machine log data, business apps, archive, public web, docs
What can information quality be defined as?
“… data or information that is fit to use”
What is characteristics of valuable information?
Accsessible, accurate, complete, economical, flexible, relevant, reliable, secure, simple, timely, verifiable
Dimensions of valuable informations: Definition of accessible information
Information should be easily accesible by autorized users so they can obtain it the rigth format and at the right time to meet their needs.
Dimensions of valuable informations: Definition of accurate information
Accurate information is error free.
Dimensions of valuable informations: Definition complete information
Complete information contains all the important facts
Dimensions of valuable informations: Definition of economical information
Flexible information can be used for a varity of purposes . (For example, information on how muh inventory is on hand for a particular part can be used by sales representative in closing a sale, by a production manager to determine wheter more inventory is needed and by more production manager to determine wheteher more inventory is needed….)
Dimensions of valuable informations: Definiton of Relevant information
Relevent information is important to the decision maker.
Dimensions of valuable informations: Definition of reliable information
Reliable information can be trusted by users
Dimensions of valuable informations: Definition of secure information
secure information should be secure from access bu unathoritized users
Dimensions of valuable informations: Definition of simple information
Information should be simple, not overly complex. Too mush information can cause information overload, whereby a decision maker has too mush information and is unble to determine what is really important
Dimensions of valuable informations: Definition of timely information
Timely information is deliverd when it is needed.( Knowing lasts week weather conditions will not help when trying to decide wht coat to wear today.)
Dimensions of valuable informations: Definition of verifiable information
Information should be verifiable. This means that you can check it to make sure it is correct, perhaps by checking many sources for the same information.
What is an Information system?
Information systems are interrelated components working together to collect, process, store, and disseminate information to support decision making, coordination, control, analysis, and visulization in an organization. It provides a feedback machnism to monitor and control to make sure it continues to meet its goals and objectives.
What is a computer-based information system(CBIS)?
A computer-based information system is a single set of hardware, software, databases, networks, people and procedures that are configured to collect, manipulate, store, and proccess data into information
What do an organizations technology infrastucture include?
It includes all the hardware, software, databases, networks, people and procedures that are configured to collect, maniplate, store, and process data into information
What does the information value chain include?
Data-> information-> Knowlendge ->Decisions->Actions—–>(Data)
Information System Types: What is Personal IS?
Includes information systems that improve the productivity of individual users
Information System Types: What is Group IS?
Includes information systems that improve communications and support collaboration among member of a workgroup
Information System Types: What is Enterprise IS?
Includes information systems that organizations use to define structured interactions among their own employees and/or external customers, suppliers, government agencies, etc.
What certain key organizational complements must be in place for each type of IS?
Well-trained workers, system support nd infrastructure, better teamwork, re-designed processes, deployment plan, new decisions rights and roles, links to organizational startergy
Information System Types: Say the benefit of Personal IS
Improved productivity
Information System Types: Benefit of group IS
Increased collaboration
Information System Types: benefits of Enterprise IS
Increased standardization and ability to monitor work
Information System Types: Managers role in personal IS
Ensure that employees understand and connect to the change. Encourage use. Challenge workers to find new uses
Information System Types: Managers role in Group IS
Demostrates how technology can be used. Set norms for participation
Information System Types: Managers role Enterprise IS
Identify and put into place the full set of organizational complements prior to adoption. Intervene forcefully and contianually to ensure adoption
What is e-commerence?
E-commerce involves the exchange of money for good and services over electronic networks
What is m-commerce?
Mobile commerce is the use of mobile, wireless devices to place orders and conduct business
Enterprise systems: What is an transaction?
Any business-related exchange, such as payments to employees and suppliers and sales to customers
Enterprise systems: What is a transaction processing system(TPS)?
An organiced collection of people, procedures, software, databases and devices. Used to perform and record completed business transactions
Enterprise systems: What is a management information system(MIS)?
Organized collection of people, procedures, software, databases, and devices. PRovides routine information to maagers and decision makers. Focuses on operational efficiency. Provides standard reports generatded with data and information from the TPS or ERP
Enterprise systems: What does the TPS and MIS work together to create?
The Transaction processing system(TPS) and Management information system(MIS) work together to process business transaction and create standard management reports
Enterprise systems: What is Enterprise resource planning(ERP)?
set of integrated programs. Manages the vital business operations for an entire multisite, global organization.
Primary components of an ERP system: What is the business functions addresses in supply chain management?
Manages all activities involved i sourcing and procuring raw materials to finished product, warehousing, and deliverig finished products to customers
Primary components of an ERP system: What is the business functions addresses in “Customer relationship management”?
Automates and integrates the sales, marketing, and cutomer service functions to capture and store customer and prospect contact information, accout data, and sales opportunities in one central location
Primary components of an ERP system: What is the business functions addresses in “Product lifecycle management”
Manages product information throughout the entire lifecycle of a product from ideation, design and manufacture, through service and remaining product disposal- across all departments, contractors, and suppliers.
Primary components of an ERP system: What is the business functions addresses in “Maintenance, repair, and operations”?
Automates and supports activities involved with the planning and scheduling of maintenance and repairs for any sort of mechanical, plumbing, or electrical device, along with the tracking of inventory and ordering of necessary parts and supplies
Primary components of an ERP system: What is the business functions addresses in “Accounting”
Tracks the flow of data related to all the cash flows that affect an organization; manages functions related to setting up and maintaining the general ledger, accounts payable, accounts receiveble, and payroll
Primary components of an ERP system: What is the business functions addresses in “Human resource management”?
Supports activites related to previous, current, and potential amployees of the organization; provides tools for workforce analysis and planning, hiring, training, job and task assignment, performance evalution, salary administration, managing employee benefits, retirement, and outplacement.
What do Business Intelligence(BI) include?
Includes a wide range of applications, practices, and technologies for the extrction, transformation, integration, visualization, analysis, interpretation, and presentation of data to support improved decision making
What is business analytics?
The extensive use of data and quantitative analysis to support fact-based decision making within organizations
What is big data analytics?
Big data analysis is the examining large varied data sets to uncover unknown correlations, market trends, cutomer preferences and other information that can help organizations make more-informed decisions
What is strategic planning used to?
Used to improve alignment between the needs of the business and the activites of the information system(Alignment means that the IS organization and its resources are focused on efforts that support the key objectives defined in the strategic plan of business)
What is system acquisition?
Process used to obtain the information system reasources needed to provide services necessary to meet a specific set of needs
What is system development?
The activity of building information systems to meet users needs. Projects can range from small to very large
System acquisition and development: What is the pros with “buy of shelf software”?
+ A software solution can be acquired and deployed relatively quickly
+ An organization can “test drive” software before acquiring it.
System acquisition and development: What is the cons with “buy of shelf software”?
- Unmodified, the software may not be a good match to an organisations needs.
- Maintenance and support costs can become excessive.
System acquisition and development: What are the pros with “build custom application”?
+ Customized software is more likely to be a good match to an organizations needs
+ A cutstom application provides the potential to achive competitive advantages
System acquisition and development: What are the cons with “build custom application”?
- The cost to build a system can be quite high compared to the cost of purchasing of-the-shelf software
- Custimizing software can mean it will be months or even years before the software solution is ready to deploy
System acquisition and development: What are the pros to choose a software provider?
+Users do not need to purchase and install additional hardware or software
+ The service provider handles necassary hardware and software maintenance and upgrades
System acquisition and development: What are the cons to choose a software provider?
- Complex pricing arrangements and hidden costs expected cost savings
- Performance issues may cause wide variations in performance over time.
What is an organization?
A group of people that is structured and managed to meet its mission set of group goals.
What does it mean that organizations is open systems?
They affect and are affected by their surroundings enviroments
What are porters five forces model?
- Threat of new entrants 2. Bargaining power of buyers 3. Threat of substitute products 4. Bargaining power of suppliers 5. Rivalry among excisting competitiors
Miles and Snows Stratagy Typology: What is the definition of prospector?
In innovative and growth oriented, searches for new markets and new growth opportunities, encourages risk taking (eks Amazon, google)
Miles and Snows Stratagy Typology: What is the definition of defender?
Protects current markets, maintains stable growth, serves current customers
Miles and Snows Stratagy Typology: What is analyzer?
Maintains current markets and current customer satisfaction with moderate emphasis on innovation(Yahoo, UBER)
Miles and Snows Stratagy Typology: What is the startegy type Reactor?
No clear startegy, reacts to changes in the enviroments, drifts with events (eks Nokia)