Intro to Digital Tech (Week 1) Flashcards
What is digital technologies?
ICT refers to electronic tools, systems, and devices that handle computerized data to create useful information or perform tasks as needed.
What is Data?
Raw observations or records of basic facts and events
such as business transactions
What is Information?
data processed in order to be meaningful to
human beings and useful in their decision making
Types of ICTs
–> Computer hardware
–> Computer software
–> Telecommunications facilities and networks
What is an Information System?
A system that gathers, processes, stores, and shares information to aid decision-making and control within an organisation.
What is a system?
It’s a group of connected parts that work together to achieve specific goals and can be broken down into smaller parts called subsystems.
Types of data processing
–> Classification,
–> Rearranging/sorting,
–>Summarising/ aggregating
–> Performing calculations
–>Selection
Strategic managerial decision making
–>long term management
–> unstructured information
–>analysis of what-if scenarios
Tactical managerial decision making
–> medium term decisions
–> Identifying means of implementing group decisions
–> project management
Operational managerial decision making
–> day to day decisions
–> often uses structured information
–> immediate results
Management Information Characteristics
–> Data Scope
–> Time Span
–> Level of detail
–> Source: internal vs external
–> Structure: Structured data vs Unstructured data
Enterprise Systems
A single system that helps an organization coordinate and integrate many different business processes
